How to Deal with Difficult Title Companies

<p><span style="font-weight: 400;">On today’s episode of the Forever Cash Life Real Estate Podcast, we’re going to talk about how to deal with difficult title companies.</span></p> <p><span style="font-weight: 400;">I’m going to share a recent experience of mine with a really terrible title company. Let’s just say I’ve never seen anything this bad in the 19 years I’ve been flipping land. I’ll share some valuable advice, in case you find yourself in a similar situation.</span></p> <p><strong>What Title Companies Are Facing Right Now</strong></p> <p><span style="font-weight: 400;">The current situation in the U.S. has title companies swamped with deals from everywhere. It’s like 2005-2007 again, and title companies are overwhelmed. I get this. It’s like a perfect storm.</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Interest rates are still at a record low</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Homeowners are refinancing like crazy</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The real estate market is exploding</span></li> </ul> <p><span style="font-weight: 400;">But does this give them an excuse to be incompetent and do terrible business? No. In fact, I’ve dealt with some really great title companies lately. They’re doing their job and doing it well, in the midst of all that’s going on in the market.</span></p> <p><strong>What Can Happen When a Title Company Doesn’t Do Its Job</strong></p> <p><span style="font-weight: 400;">When you’re in the land flipping space, the title company is a very important entity. They can make your land deal go smoothly or do the exact opposite. In the past few weeks, we’ve done five deals and dealt with four different title companies. Two of the title companies were absolutely fantastic, and two absolutely sucked. </span></p> <p><span style="font-weight: 400;">For one of the deals with the not-great title company, we sent them the signed contra