Long Island NY Title Insurance and Escrow Services

When it comes to real estate, just about everything is negotiable, so don't ever let anyone tell you that services like Long Island NY title insurance and closing costs (escrow services) aren't.

Long Island NY title insurance companies are hired, in part, to issue title insurance protection for Long Island NY home buyers and lenders. Lenders require the service to protect them against loss resulting from claims by others against the Long Island NY home you are buying.

Long Island NY title insurance is a negotiable item that you need to shop around for.

How Long Island NY Title Insurance and Escrow Services Work

Title insurance comes into play during the "closing" period of the real estate transaction and is usually packed with escrow services.

Escrow services (sometimes attorneys, sometimes just a neutral third party) handle all the paperwork, transaction, deposits, mortgage signing, and various other "closing related" issues.

Before hiring title or escrow services, obtain several referrals from those you trust, family, friends, co-workers, real estate agents and others who've recently had a satisfactory closing of escrow.

Compare the costs of different escrow and Long Island NY title insurance companies before agreeing to use one. Fees can and do vary widely. Ask for EACH AND EVERY escrow cost from title insurance and search and escrow service fees, to all the little so-called "garbage fees" that crop up during a closing.

Make sure you get a good faith estimate from your lender, and double check the lines that cover these title and escrow services. Remember, an estimate is only that.. an estimate, so do your homework, and make sure you know the EXACT figures, and what you're getting for your money, before you go to the closing.

On closing day, be prepared with plenty of time, pencils, paper, a calculator, and an inquisitive, demanding mind. You are allowed to have your representative — a real estate agent, mortgage counselor or other professional — attend closing with you.

If we are involved in your real estate purchase, we will accompany you to your closing.

If you have questions or comments about this article on Long Island NY title insurance and escrow services, please don't hesitate to contact us. We'll get back to you with any answers you need.

Get all the facts that affect buying a Long Island NY home, including Long Island NY title insurance, as well as other insurance, like homeowners insurance, right here at our website. For more articles and tips on Long Island NY title insurance, as well as homeowners insurance, check out our Long Island NY Insurance section under Long Island NY Real Estate Categories to your right.