Power Team Question Series # 8: Title Company

Power Team Question Series # 8: Title Company

As you build your Power Team you may want to have several questions that you ask each potential member. In some states they use a Title Insurance Company to close deals while in some states they use an Attorney to close deals. Some states use both. Most of these questions would probably apply in any case.

There is not an exact script to interview your Title Insurance Companies, but here are several questions you can consider asking your Title Insurance Company:

1. What type of coverage or policies do you provide?

2. How long have you been in business at this location?

3. What days of the week and hours are you normally open?

4. Can you accomodate a closing at another location?

5. Do you have flexible hours if I need a closing scheduled early or late in the day?

6. What other services do you provide?

7. Do you cut all checks from this location for everyone getting paid at closing?

8. If I sell a property can you wire the funds into my account rather than cut a check?

9. If I am going to purchase a property and then I already have a Buyer that wants to buy the property, can I close the same property in the same day? - a.k.a. the DOUBLE CLOSE

10. How are Title Insurance Companies regulated and how is your company better than others in the area?

11. Have you had any successful claims paid out for claims against the title insurance you provided?

12. If I have a deadline for my contract to close, how fast can you provide insurance and get a transaction closed?

13. Do I have to attend a closing in person or can I close a transaction without being there?

14. Do you have other offices in other states?

15. Can I get a discounted price for using your company regularly?

16. Can you provide me with a list of references? - Remember: Trust but Verify! Also a great way to find other investors in the area

17. Can I get an email and secondary number either cell phone number or office phone to contact you with further questions?

Remember every day you need to say and repeat...THIS IS MY BUSINESS! Keep working on ways to make your business better each and every day.
Carpe Diem! Smiling - Stacey

Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!
Believe and Achieve! Smiling - Joe

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