Robert: Certain Ohio Realtor includes in its purchase contract the name of its own title company to handle the title work. Also included is the following statement: " Purchaser and Seller acknowledge that under U.S. Code 12, Chapter 27, Section 2608 (RESPA) , Purchaser has the right to select any title company or closing service provider to furnish the title evidence and closing services required by this agreement. "
It does NOT state that a purchaser's absolute right to select would be contingent upon the Purchaser's agreement to PAY ALL title charges. I think this is worded very cleverly but is still misleading? Some Seller's may believe this language prohibits them from even negotiating this issue (even though they may be paying all or part of the title fees.) . What do you think ?
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