Consumers Enjoy New Access to the Once-Confusing & Closed World of Title Insurance

Consumer-driven web-based service offers up to five free title insurance quotes from the nation's leading title insurance companies.
Tampa, FL (PRWEB) February 12, 2008 -- Like the rest of the real estate industry, the title insurance market is also in a major period of transition.
And in this case, transition is a good thing for consumers.
"The truth is that many home buyers and owners don't or didn't buy their own title insurance," says Josh Cahill, President of FreeTitleQuote.com. "Few actually exercise their right to purchase their own the title insurance because they believe the process is more complicated than it really is. In reality, though, purchasing it themselves can save them a significant amount of money at closing."
This property-saving (and perhaps sanity-saving) insurance has until now traditionally been accessible only through the referrals of mortgage and real estate agents. Before the launch of this website, it would have been nearly impossible to "shop around" for different prices on the title insurance; now, a number of major, reliable title insurers can be accessed through one site, making it a true one-stop title insurance shop.
"Consumers no longer have to be at the mercy of realtors and mortgage brokers," Cahill adds. "Now, all they have to do is go to the site and research the title insurance rates for themselves." And on the flip side, title insurers that become members of the FTQ network will enjoy exposure to countless consumers who never before would have been accessible or even thought of us as potential customers.
"Especially in a down market," Cahill explains, "title insurance companies that join our national network will be receiving title insurance business that simply was unavailable to them in the past."
Ironically, even homeowners who own title insurance are confused as to what it really is, which may be why so many sellers and buyers end up paying too much for it. the Title insurance is meant to protect a lender or owner's financial interest in property against loss due to liens, title defects or a lawsuit attacking the title as it is insured. In short, title insurance protects both lenders and owners against loss that may incur due to disputes over the ownership of a property.
"When buying a home and/or property, it is important to realize that that property has likely gone through a number of ownership changes," Cahill went on to say. There is always the possibility that some title transfers were based on forged signatures and other inconsistencies, which is why the protection of title insurance is so important.
"At FreeTitleQuote.com, we are empowering home buyers to take charge of their buying process. People shop around for car insurance and homeowner's insurance quotes, why shouldn't they find a good deal on title insurance too?"
About FreeTitleQuote.comFreeTitleQuote.com gives customers involved in the home-buying process the ability to request and receive the title insurance quotes from a number of major, reliable title insurance providers and, in the process, save money at closing. For more information or to sign up to receive your customized quotes, visit www.FreeTitleQuote.com.