A recent article in the Boston Globe discusses more criticism being levied at the title insurance industry. It is a similar refrain. The main premise of the article is that title insurance in Mass is overpriced and that title companies are more concerned with lenders and brokers than the consumer. While this is generally true I do have one point of contention.
Towards the end of the article it states that there are no title companies who are marketing to consumers. There are plenty of title companies who do just that and I wish that writers would do some research online where they could easily find this information. If a little extra research was conducted they could highlight the problems in the industry as well as talk about the companies who are providing consumer focused service. This type of exposure could go a long way in helping to change the industry and letting consumers know they do have a choice when it comes to title insurance.
Wednesday, April 16, 2008
More Title Insurance (Bad) Publicity
Subscribe to:
Post Comments (Atom)


2 comments:
I read the Boston Globe on a daily basis. The reporter, Binyamin Appelbaum, is usually spot-on when it comes to real estate related issues. But he is way off course in this article. He either received bad information or didn't take the time to research all of the facts. But that's not even the most troubling aspect of the story. The attorney who touts the fact that she advises clients not to buy title insurance is far more troubling to me.
Iowa pays out 37 percent to settle claims??? Now, there is a good story behind that figure...
brl
Post a Comment