On this episode of Listen Up Home Buyers! Meet Peter Parente a settlement & business development officer with Stewart Title. Peter talks with host Victoria Ray Henderson about the role of the title office in a real estate transaction.
E34: Listen Up Homebuyers – Responsibilities of a Settlement Agent
Victoria Ray Henderson, the host of Listen Up Home Buyers! Talks with Peter Parente. Peter is a Settlement and Business Development Officer with Stewart Title working out of the Washington, D.C. office. Follow Peter’s Instagram is @titlepartnerpete
1:03 What does a title company do?
1:15 The buyer has the right to choose the title company
1:35 What are escrow funds?
1:58 Second portion of the escrow funds
2:28 How do you evaluate settlement offices?
3:21 Look up who will be the insurer
3:43 Why should a buyer consider owners’ policy insurance?
4:25 An example of a situation where owners title insurance may be necessary
5:00 Another example of where owners’ title insurance was used
5:30 What is lenders’ title insurance?
6:08 How should you evaluate settlement charges?
7:12 In the loan estimate, everything should be disclosed upfront
7:43 When shopping lenders, the title fees will be included in the estimates
8:10 What is a boundary survey?
8:40 What is a location drawing?
9:12 Flood insurance
9:30 Stewart Title is an option for buyers
As Stewart can close in all 50 states
10:11 Peter Parente is a settlement office and does marketing for buyer agents
11:15 Peter shares a personal experience of living in the Netherlands
12:10 How to properly wire funds for closing
To avoid wire fraud
13:00 Always check with the lender and/or title company regarding wiring funds
13:44 @titlepartnerpete on Instagram
Victoria Ray Henderson