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Old 05-26-2012, 06:39 PM
 
Location: Silicon Valley
3,683 posts, read 9,862,879 times
Reputation: 3016

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I just got a packet with the good faith estimates of the closing costs of a house I'm buying, and the estimate for owner and lender title insurance combined was north of $8000. That seems really high. It's been a while since I last bought a house in this area, but as I recall, it was only a few thousand dollars. I would have remembered if it was this high. What should I expect to pay per $100,000 of home cost?
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Old 05-26-2012, 07:45 PM
 
Location: Portland, Oregon
10,990 posts, read 20,570,522 times
Reputation: 8261
Ask your RE agent.
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Old 05-26-2012, 08:34 PM
HDL
 
Location: Seek Jesus while He can still be found!
3,216 posts, read 6,788,057 times
Reputation: 8667
I had always heard that Title Insurance was based on the price of the home. Someone on the forum may be able to verify that information ??? Plus with what has been going on in the RE market the last several years, I believe that Title Insurance companies are running a bit scared and adjusting their costs higher accordingly . It would be interesting to hear from someone in the field .

Quote:
Originally Posted by MediocreButArrogant View Post
I just got a packet with the good faith estimates of the closing costs of a house I'm buying, and the estimate for owner and lender title insurance combined was north of $8000. That seems really high. It's been a while since I last bought a house in this area, but as I recall, it was only a few thousand dollars. I would have remembered if it was this high. What should I expect to pay per $100,000 of home cost?
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