MouseOfCards
Finally jumped in . . .
- Joined
- Feb 11, 2016
We recently sold several of our contracts. Here's some of the main differences between the Title companies that stood out to us:
Magic Vacation
- Required 5 pages to be notarized for each contract. Most notaries were charging $15 per signature, so at 2 signatures per page, that adds up to $150 in notary fees per contract. This resulted in several hours waiting on notaries to sign our contracts. And the costs add up quickly.
- Required 2 witness signatures for each contract. Arranging for this was not easy and resulted in a few delays.
- Required us to send them copies of our photo IDs.
First American
- Required 3 pages to be notarized for each contract.
- Did not require any witness signatures.
- Did not require copies of our photo IDs.
Don't know why the Title companies have different requirements. Not looking to bash anyone, but just sharing our recent experience.
Magic Vacation
- Required 5 pages to be notarized for each contract. Most notaries were charging $15 per signature, so at 2 signatures per page, that adds up to $150 in notary fees per contract. This resulted in several hours waiting on notaries to sign our contracts. And the costs add up quickly.
- Required 2 witness signatures for each contract. Arranging for this was not easy and resulted in a few delays.
- Required us to send them copies of our photo IDs.
First American
- Required 3 pages to be notarized for each contract.
- Did not require any witness signatures.
- Did not require copies of our photo IDs.
Don't know why the Title companies have different requirements. Not looking to bash anyone, but just sharing our recent experience.