News

Understanding The Economics Of Title Insurance

By Alan M. Doran and Rachel D. Jaffe on Law360

Title insurance economics — at both the industry and company levels — are widely questioned, often because title insurance has diametric characteristics compared to other forms of insurance, including basic underwriting theory, the time period covered, loss ratios, the way in which risk is priced,...

How to Save on Closing Costs When You Buy a Home

By Abby Hayes on DoughRoller.net

Many future homebuyers spend years saving and planning for a down payment. But when they get ready to actually purchase a home, they’re shocked at the amount of closing costs. On average, closing costs amount to between 2 and 5 percent of the total purchase price...

What Is Title Insurance?

By A.J. Sidransky in The Cooperator New York

What You Need to Know Title insurance is unique among all other forms of insurance. For example, other insurances guard and secure the holder against future loss, such as life insurance against death; health insurance against illness; and car insurance against an accident or theft. However,...

Shop around for the best rates on title insurance

by Sheryl Nance-Nash for Newsday

Few people think about title insurance until they’re in the middle of a real estate transaction. Give it a bit more consideration. According to a report from OneTitle National Guaranty Company, a title insurance underwriter, which analyzed more than 180,000 real estate transactions in New York...

The potential cost of misunderstanding title insurance financing for NYS real estate buyers

by Daniel C. Price in the New York Real Estate Journal

Over the course of a real estate transaction, professionals must eventually speak to their clients about title insurance, a topic rife with misunderstanding and myth. Oftentimes the discussion is brief, and the costs associated with title insurance are perceived as fixed. But since it is one...

Over-priced closings costing New Yorkers $155M a year

by Daniel C. Price in Real Estate Weekly

New York State property buyers over-spent on title insurance by an estimated $155.3 million, according to a new report. The costs piled up because too many people believe title insurance rates are set by law, said Daniel C. Price, co-founder, of OneTitle, a direct title insurance...