Importance of Selecting an Independent Closing Attorney
It is important to select an independent closing attorney for many reasons. We believe one of the top reasons is integrity. When putting a house under contract, an Affiliated Business Arrangement is a document stating that there is a business relationship involving the sharing of profits by a settlement service provider to another affiliated business. Origin Title does not participate in these because we see them as a conflict of interest. Affiliated Business Arrangements do nothing but raise the overall closing costs for the buyer and seller.
As you work with your agent to submit an offer on a home, if you are encouraged to use a particular closing attorney, ask if they are affiliated with the real estate office. If they say yes, consider doing more research and choosing an independent closing attorney. The best real estate agents select a closing attorney because they are good, not because the broker gets paid more.