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Fannie Mae Now Allows Buyer to Choose Their Own Title Company

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You take a buyer out, after showing them 10-20 homes, they identify the home of their dreams, It's an REO, most likely.  Now you go through the hassle of getting in touch with the listing agent, is the house still available? You write a contract  on the house, submit the offer. There are 22 offers already. Counter-Highest and Best Contract Accepted-You Got it- Yipee! Now, you are told you have 24 hours to open escrow, oh yea and "You Must Use XYZ Title company in … [Read more...]