Title Professionals Spend Significant Time, Resources to Protect Property Rights
WASHINGTON, May 6, 2024 /PRNewswire/ -- Title insurance companies invest heavily in upfront title research and curative work that significantly protects property rights and limits ownership challenges down the road.
- WASHINGTON, May 6, 2024 /PRNewswire/ -- Title insurance companies invest heavily in upfront title research and curative work that significantly protects property rights and limits ownership challenges down the road.
- According to a study conducted by ndp | analytics, expert title professionals spend approximately 22 hours to close a standard transaction and 45 hours for more difficult transactions.
- It also estimates the extraordinary efforts title professionals take to fix title issues—typically called curative work—to protect what is often a homeowner's largest lifetime purchase.
- The amount of research and corrective action from expert title professionals needed to provide homeowners and lenders with assurance about their title remains significant."