Fannie Mae: You can now choose your own Title Insurance and Escrow Company
You and Many homebuyers have encountered the typical experience when dealing with an REO deal. After driving around for days and putting in countless offers, you get one of your offers accepted to only have the listing agent tell you that you have no choice in who you and your client can use in regards to their title insurance and escrow company.
Once you sign the contract you are told to open escrow by depositing an agreed amount known as an Earnest Money Deposit, as you well know. This company happens to be on the other side of town or sometimes out of state. It is rare that someone will get an title insurance and escrow company that is close by. Call it Murphy's Law!
Here comes the fun part! Click Here Fannie Mae allow you to choose