Tag: fees

Condo fees and closing: Why do we care?

If you’re buying a condo, Federal Title needs to make sure condo fees are collected and paid current by the seller at closing. This is because a new owner is personally liable for a prior owner’s unpaid fees, and unpaid fees can...

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Title insurance premiums: Who’s getting paid?

The cost of title insurance continues to increase. In just the last five years, due to a massive influx of title claims relating to the nation’s housing crisis, title insurance premiums have increased in Maryland, the District of Columbia...

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A reminder for homebuyers: Shop title companies

Recently, I stumbled upon a posting by a Washington DC-based real estate agent proclaiming that homebuyers need not shop for title insurance since title insurance rates are uniform. While it’s mostly true that title insurance rates in DC,...

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Title company fees matter

Most reputable title companies now maintain robust websites with a disclosure of their title charges/fees, making it simple for prospective homebuyers to compare title company fees and select their title company. According to a recent analysis,...

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