Title company question

[airjay75]

IMO, Jordan has been absolutely great. This is my go-to title company presently.

I also thought she was excellent with my recent CCV purchase. Highly recommend.

 

[PolyRob]

FYI...I pushed on this exact point today. They flatly refused to change the language and told me the issue had been escalated to the company president.

We settled on having the seller provide screenshots of the dashboard and point activity statement prior to wiring funds at closing.

IMO, conditioning their "Buyer Assurance" on the use of an affiliated title company raises concerns under both Florida's timeshare resale disclosure requirements (Fla. Stat. Ch. 721) and RESPA's limits on affiliated business arrangements (12 U.S.C. § 2607) which require both clear disclosure and preservation of consumer choice. More importantly, the refusal to allow the buyer to contract directly with the seller, leaving the broker's affiliate as the only practical path for protection, strikes me as inconsistent with those requirements and with the standard language used by other major brokers.

So funny. These are all very small companies. "company president" likely = the guy sitting two cubicles over. There's nothing wrong with being a small company. But these terms suggest that they are larger than what they are.

I had this same issue come up this summer on a loaded contract.

The rep checked with the "company president" and I was told no so I walked away from the contract. It was too many points for me to take a chance and I only wanted the resale contract if I could use masontitle.com and put it all on credit cards.

 

[TCRAIG]

I like to use Mason Title (Jordan) because I buy small contracts and MTI allows me to put everything on my credit card (up to $7500.) and the others don’t…and I’m a CC points fanatic…

 

[disneylandtour]

I like to use Mason Title (Jordan) because I buy small contracts and MTI allows me to put everything on my credit card (up to $7500.) and the others don’t…and I’m a CC points fanatic…

There's at least one more title company that will accept a $7,500 deposit by card. But yes, this isn't very common.