Title Tip…Working with Investors? Let WRT save them $$$ by issuing an insurance binder.
If a buyer/investor is planning on flipping a property within 2 years, WRT can save them a significant amount of money! Your client would be charged just 10% of the base premium at his/her initial purchase for the binder. Then at the time of the flip/resale, the investor would pay the difference in title premium between the purchase price and sale price. This saves them hundreds of dollars! Contact your sales representative for more information.
Insurance Binder – a temporary contract of insurance in which the title company agrees to issue a specified policy within a certain period of time. (The binder must be requested before the property being purchased closes escrow).
Please Note: The binder contract is valid for a period of (2) years from the date of issuance and may be extended for an additional year (for an additional fee) if requested prior to the end of the initial two year period.
Please contact your title representative with any questions.