Freedom Title Pres 12 09


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Freedom Title Pres 12 09

  1. 1. Freedom Title Insurance Services, Inc.
  2. 2. About Freedom Title <ul><li>In Business for 7 Years </li></ul><ul><ul><li>Dave Arneson, President / CEO </li></ul></ul><ul><li>Offices in Rogers, and Longville, MN </li></ul><ul><li>Underwritten by Old Republic National Title </li></ul>
  3. 3. What is Title Insurance? <ul><li>Insurance for clear and marketable title </li></ul><ul><ul><li>Insures lenders first place for their lien </li></ul></ul><ul><ul><li>Insures you as new owner a clear title </li></ul></ul><ul><ul><li>Title insurance insures that past events have not led to title problems. </li></ul></ul><ul><ul><li>One time charge </li></ul></ul>
  4. 4. Freedom Title Services <ul><li>Abstract search and update </li></ul><ul><li>Title exam and commitment to insure </li></ul><ul><li>Closings of mortgage and title </li></ul><ul><ul><li>Traveling closings –your office or ours </li></ul></ul><ul><ul><li>Buyer’s side and/or Seller’s side </li></ul></ul><ul><li>Quit Claim Deeds - title transfers </li></ul><ul><li>Insurance policies </li></ul><ul><ul><li>Lender Policy </li></ul></ul><ul><ul><li>Owner’s Policy </li></ul></ul>
  5. 5. Title Exam Process <ul><li>1. Search County Records for </li></ul><ul><ul><li>40-year Title Search of property transactions </li></ul></ul><ul><li>2. Property inspection and plat drawing </li></ul><ul><li>3. Prepare Title Commitment </li></ul><ul><li>4. Conduct Closing </li></ul><ul><li>5. Record new deed and mortgage </li></ul><ul><li>6. Issue Title Insurance policies </li></ul>
  6. 6. Typical Title Problems <ul><li>Broken or “Cloudy” Title Chain </li></ul><ul><ul><li>Bad legal description </li></ul></ul><ul><ul><li>Marital interest, probate problems, etc. </li></ul></ul><ul><li>Property issues </li></ul><ul><ul><li>No access </li></ul></ul><ul><ul><li>Encumbrances, border line issues, etc. </li></ul></ul><ul><ul><li>Easements </li></ul></ul><ul><li>Judgments, Tax Liens, Marital Liens </li></ul><ul><li>Assessments </li></ul>
  7. 7. Types of Policies <ul><li>Lender’s Policy </li></ul><ul><ul><li>Insures Lenders that no prior mortgages or liens exist against the property (the new mortgage is in “first place” in the event of a foreclosure). </li></ul></ul>
  8. 8. Types of Policies, cont’d <ul><li>Owner’s Policy </li></ul><ul><ul><li>Insures new owner that: </li></ul></ul><ul><ul><ul><li>Chain of title is clear </li></ul></ul></ul><ul><ul><ul><li>Property is marketable (has access, legal description is valid, no encumbrances) </li></ul></ul></ul><ul><ul><ul><li>Interest by current owner is free and clear </li></ul></ul></ul><ul><ul><ul><li>No existing assessments or liens </li></ul></ul></ul>
  9. 9. Our Customers <ul><li>Real Estate Agents </li></ul><ul><ul><li>Purchase of Home / business </li></ul></ul><ul><li>Lenders / Mortgage Brokers </li></ul><ul><ul><li>Purchases and Refinances </li></ul></ul><ul><li>Builders </li></ul><ul><ul><li>Master plans </li></ul></ul><ul><li>Consumers </li></ul><ul><ul><li>Property Transfers, and Title Reports </li></ul></ul>
  10. 10. Good Referrals <ul><li>Good Referrals to Freedom Title Are </li></ul><ul><ul><li>Real Estate Agents </li></ul></ul><ul><ul><ul><li>For Closings on Purchases or Sales of homes </li></ul></ul></ul><ul><ul><li>Mortgage Brokers </li></ul></ul><ul><ul><li>For Closings on Refinances </li></ul></ul><ul><ul><li>Investors in Real Estate </li></ul></ul><ul><ul><li>People like yourself needing </li></ul></ul><ul><ul><ul><li>title transfers due to marriage, divorce, etc </li></ul></ul></ul><ul><ul><ul><li>Refinance your home </li></ul></ul></ul>
  11. 11. Why Choose Freedom Title? <ul><li>No delays </li></ul><ul><li>Lower costs </li></ul><ul><li>Smooth closings </li></ul>
  12. 12. No Delays <ul><li>Rapid title searches </li></ul><ul><ul><li>On-line access to County records </li></ul></ul><ul><li>Fast turn-around on title work </li></ul>
  13. 13. Low Cost Fees <ul><li>Comparison of Typical Fees </li></ul>Item Freedom Title Leading Title Co. Closing Fee $195.00 $280.00 Title Search Fee $150.00 $160.00 Title Exam Fee $135.00 $140.00 Lender’s Policy on $380,000 $882.50 $1005.00 Other misc. fees $95.00 $85.00 TOTAL $1457.50 $1670.00
  14. 14. Smooth Closings <ul><li>We close at locations convenient to you </li></ul><ul><ul><li>Our closing offices (Rogers, Longville) </li></ul></ul><ul><ul><li>Traveling closing </li></ul></ul><ul><ul><ul><li>REFI at your home </li></ul></ul></ul><ul><ul><ul><li>Or Close at Lender’s office </li></ul></ul></ul>
  15. 15. Testimonials <ul><li>Jill Adkins of Coldwell Banker Vision, of Elk River, says: </li></ul><ul><li>“ Dave, thank you for your professionalism and exceptional follow up for my clients. It made for a very seamless transaction. Thank you!” </li></ul>
  16. 16. Summary <ul><li>Freedom Title is your best choice </li></ul><ul><ul><li>Lowest Cost </li></ul></ul><ul><ul><li>High Competence and Integrity </li></ul></ul><ul><ul><li>Best Service </li></ul></ul><ul><li>“ We Set Your Title Free” </li></ul>