How To Avoid Costly Title Company Mistakes When You Are A Real Estate Investor
by Tom Kish

As an active real estate investor, I have learned the hard way that when it comes to closing real estate transactions with title companies and escrow agents, you've got to be on your toes. If you're not paying attention before the closing date, the title company can make mistakes that could cost you dearly! Here are some tips for you to keep in mind when you are buying and selling real estate:

Contact the buyers? closing agent and the sellers? closing agent at the title company and make sure they both have your contact information, including your cell phone number. Tell them to call you immediately if any issues come up that may delay the closing.

Be PROACTIVE. Call the title company regularly (every 3 days) and keep on top of the closing details.

A. Has the title search been done yet?
B. Are there any liens, assessments, or back taxes owed?
C. What are the lender's requirements to close?
D. Has the payoff been ordered, and how long will it take to get that information?

Don't let anything -- or anyone -- lull you into thinking that you can forget about the closing until the day it is scheduled to happen.

Be sure to talk to the title company?s closing agents regularly during the escrow process, so that you know about any problems that have come up long before the actual date of the closing.

Just to give you an idea of how much you may be risking, here is one of my real estate closing HORROR stories.

* I actually had a closing canceled because the title company "could not find my phone number" to contact me for permission to pull the final title search. Because of preplanned travel schedules, the closing had a 3-week delay. This resulted in my having to pay an extra $500 in unexpected interest charges!

Title company personnel are often overworked and underpaid. Their energy gets zapped just trying to get through each day, and they're not going to be looking out for your best interests. Stay on top of them!

Tom Kish is an active full- time real estate investor with over 7 million dollars of real estate bought and sold in a two-year period. His skills as both an investor and a consultant are widely recognized throughout the industry. As an accomplished entrepreneur with experience in multiple franchise businesses, Tom is committed to helping others create the financial security and balance between life and work they seek and deserve. To contact Tom Kish, visit www.cashflowexperts.biz .