Right to Choose
You are the customer so YOU DECIDE which title company you want as a partner.
At Thunder Bay Title, we believe that everyone should have the right to make their own decisions. We are an independently owned business providing honest and trustworthy title services to the community. Our mission is to help empower consumers by providing them with the information they need to make the best choices for their individual needs.
We are committed to delivering top-notch customer service and strive to make every experience with us a positive one. Our team is always available to answer any questions or concerns you may have. Contact us today to learn more about how we can help.
Federal law guarantees you the right to choose the title company you want to handle your real estate settlement.
A federal law called the Real Estate Settlement Procedures Act (RESPA) entitles an individual homeowner to choose a title insurance agency when purchasing or refinancing residential property. Typically, homeowners may rely on their bank's or REALTOR'S choice; however, the homeowner retains the right to choose a different agency. RESPA makes it unlawful for any bank, broker, or attorney to mandate that a particular title insurance agency be used. Doing so is a violation of federal law and any person or business doing so can be fined or lose its license.
Section 9 of RESPA prohibits a seller from requiring the buyer to use a particular title insurance company, either directly or indirectly, as a condition of sale. Buyers may sue a seller who violates this provision for an amount equal to three times all charges made for the title insurance.
The Way You do Business is Important
It is important to understand how a title company provides title and settlement ("closing") services. The information below describes common ways Title Insurance is provided in Michigan.
The most common way title insurance is purchased in Michigan is from a title agency that is independently owned and locally operated. Independent agencies typically represents multiple underwriters. They generally search and examine title status through local public records and privately owned databases. They have on staff Closing Agents who are prepared to answer consumer questions and can locally processes settlement documents.