Why USE Lawyers Advantage
WHY USE LAWYERS ADVANTAGE TITLE GROUP:
There are significant benefits to your client when using Lawyers Advantage:
Ø When issues arise, as they do, they can simply call HUD or the Asset Manager and get it resolved due to long-term relationships . When another title company is chosen, they have had this experience which causes challenges and delays.
Ø Knowing HUD’s process they have easy access to the prior title work, from when HUD took back the property, and will simply need to do a title “bring to date”, which allows them to close quickly and at less expense to the buyer.
Ø They guarantee to beat any other title company’s written quote, line by line, plus your client also receives the savings on the closing fee and title insurance premium ($350.00 - $600.00).
Ø They will conduct settlement at the convenient location of your choice.
In summary, HUD really prefers a seasoned agent to conduct settlement services, and has designed the system around that preference. Lawyers Advantage has been servicing HUD buyers for 20 years. Their system is smooth, easy and cost efficient.
In order to reduce the chance of last minute surprises, I want to remind you that HUD is exempt from recording and transfer taxes on property conveyances, therefore in your County the buyer is required to pay 100% of the recordation, state and county transfer taxes. The 1st time home buyer exemption is allowed and is included on line 1205, when applicable.
Also, due to changes on the banking world, your client will need to wire funds to the Title Company (instead of a cashiers check), the day of settlement or before, the required “cash to close” needed to complete settlement. The reason is that banks no longer treat cashiers checks the same as cash, but hold funds 24 – 48 hours. Title Companies are required to wire to HUD, their net proceeds, within 24 hours of closing.
Thanks for considering Lawyers Advantage Title Group. They will exceed your expectations.
BUYER SELECT CLOSING AGENT FORM
LAWYER0025
Lawyers Advantage Title Group
8000 Main Street
Ellicott City, Maryland, 21043
tele 410-480-2800
cell 443-996-6704
fax 410-480-1065
jalong@lawyersadvantage.com
hbechtel@lawyersadvantage.com