That's a good consideration but let's be real. Most people don't pay attention in school

pick up a book at a library

Yes and credit

@@Navyblue0785 I just purchased my home and I learned all of this through research. My parents paid $17,000 for my Catholic high school education and not ONCE did they cover buying a house! Guess what! I went to the military in which they paid for my tuition in business administration. Not once did one college professor review the home buying process! So what are you talking about? The library doesn’t go over the stressors involved in a house nor the do’s and don’t at closing.

We disagree. Unlike other types of insurance that cover future incidents, title insurance protects against loss prevention. A title search would likely not be able to uncover fraud, for example, until well after closing. With a title insurance policy, the homeowner would be indemnified for losses. Without one, the homeowner could be on the hook for legal expenses and be at risk of losing his/her financial stake in the property should another claim prove superior to theirs. About 30% of transactions lean on their title insurance policy in some way.

The title company should have their own insurance in case they didn't do their job properly. Better yet, the record keepers (ie the Gov't) should keep infallible records so no one would need to buy insurance to protect themselves. There should be a law that says if your name is not on record as the owner, you should not, in any circumstance, have a say regardless of what was verbally promised to you. The focus should be on minimizing unnecessary fees by empowering involved parties. I loathe the word "insurance". If we all do our job properly, no one would need 'insurance'. I wonder if I can just go get the record myself. I'm guessing there is a law against that. I don't know anything about buying a house but it should be way easier than that.

@@beenn15 yes, there are way too many agents, intermediaries within the property purchasing process. All with their hand out looking for money, just to do some paperwork. Most people work hard for their money, but these intermediaries seem like some sort scam. Just as you say, insurance, in case people in the bureacracy didn't do their job right. Then wth are we paying all these taxes for?

@@beenn15 i don't know about other countries, but the USA just seems like one big scam.

That's right!

What do you mean exactly? If you're a real estate agent, you are welcome to post our video on your website with attribution. We can also connect you with the company that help create ours.

www.consumerfinance.gov/knowbeforeyouowe/

It's a smidgen bit more than that. Lol

That Real reason why a bunch homeless everywhere in United states bcz real estate is very complicated and overpriced

You can ask them to, in the form of sellers concessions. But they are less likely to pick your offer if they have other offers without sellers concessions.

Farmer Nate I ended up getting them to :) Luckily my area has so many homes on the market they can't really be picky. Got a new roof, AC and 4500 in closing costs covered on a 132000 house lol. LUCKY!

Who pays for closing costs really depends on the region. In the Washington, D.C. metro area where we work, it is generally the buyer who pays for closing costs (and therefore it is the buyer's right to choose the title company). A seller may choose to pay some or all of the closing costs. We've see that happen more when home inventories are high and there aren't a lot of buyers.

well i can say with forclosed homes u pay for EVERYTHING. me and my hubby are trying to find an affordable home not too far from the city but its alot harder than we thought :/

Please feel free to re-post the video with attribution. Thank you!

We are an independent title company based in Washington, D.C. Learn more about us here: federaltitle.com/about

Guess you missed the part about loan and interest

I think entire system in USA is a scam.

You can learn more about title insurance and closing costs on our website, federaltitle.com/title-insurance. Your real estate agent and/or lender can also help make sense of closing costs.

couldnt imagine blind people use you tube alot