Title Outlet Inc?

Ive noticed that a few re-sellers on ebay use Title Outlet Inc. Has anyone used this company? If so, are they reliable? Thanks.

Forgot to mention thats it is the seller's closing/title company.

Ochoas use them and probably have some kind of ownership in the company, along with the others at VINinc. They used to all use Timeshare Closing Services in Orlando, but some left for this other company. I am suspicious of the close relationship between seller and the closing company, though some would say it makes no difference.

I won an ebay item during Christmas and Title Outlet Inc. was the designated closing company.

I think on ebay, most closing companies and sellers are not within arm's length, which is not my concern though, as long as finally I would get what I have bought.

I sent in my monies to Title Outlet Inc. after the holiday and guess what, there was no response - email, regular mail, phone call or whatsoever, for them to communicate with me. I called a few times, but was told Jennifer who was handling my purchase was not available. Nobody could answer my question and Jennifer never returned my message.

After 2 months, I received the deed and other documents from Title Outlet Inc. I re-confirmed everything with the resort. It seems they have done their job right. Should they improve communication with their customer, Title Outlet Inc. is no different from other ebay closing companies.

I used them for an e-Bay purchase

and the closing went fine. The few times I emailed the agent assigned to my closing, she emailed me back within the day with an update. Everything was smooth and no hidden fees. Closing took a reasonable time.

I do now think that the "deal" Ochoa has with Title Outlet (and Title Outlet does say that he is a big client of theirs) is a close one as the origonal paperwork showed Doug Ochoa as the "owner" but that's not what the final deed showed...so Title Outlet prepared and sent me paperwork up front that was not totally accurate as far as who the REAL owner of the TS was. Does it matter? In one sense no, but I also think it's an unnecessary side-step in the buying process.

I am currently using Title Outlet for a private, non-eBay TS purchase. It'll be "interesting" to see how things work out this time as I am no longer a buyer of one of their biggest clients.

I used them and had no problems.

jlwquilter said:

and the closing went fine. The few times I emailed the agent assigned to my closing, she emailed me back within the day with an update. Everything was smooth and no hidden fees. Closing took a reasonable time.

I do now think that the "deal" Ochoa has with Title Outlet (and Title Outlet does say that he is a big client of theirs) is a close one as the origonal paperwork showed Doug Ochoa as the "owner" but that's not what the final deed showed...so Title Outlet prepared and sent me paperwork up front that was not totally accurate as far as who the REAL owner of the TS was. Does it matter? In one sense no, but I also think it's an unnecessary side-step in the buying process.

I am currently using Title Outlet for a private, non-eBay TS purchase. It'll be "interesting" to see how things work out this time as I am no longer a buyer of one of their biggest clients.

Click to expand...

Carolinian would be all over this one. He really dislikes these companies and their strange relationship to the ebay sellers. I guarantee this is not legal. Actually, whomever pays for the closing is supposed to choose their own closing company when you buy real estate in most states. This is how it works when buying a house. But the ebay sellers always insist on their chosen company. I am very suspicious of the processing of your paperwork.

I used them to close a Royal Holiday Points membership that I bought through Doug Ochoa on ebay. I thought they were great. They even went out of their way to provide documentation to the resort of my pending purchase so that I could make a reservation. My membership transfer went through very quickly.

Title Outlet

Rick and Cindy are you licensed to practice law in the state of Florida, since you say it is illegal?, just curious. If you want title insurance just buy it. If these companies are licensed by the state in which they conduct business, I would think the state would check on the ownership/conflict portion of it.

Title Outlet

I used them once at a seller's request and had such a good experience that I used them when I bought two units privately. They do a great job and are very nice to deal with.

They did a great job for me.

GEORGE

rickandcindy23 said:

Carolinian would be all over this one. He really dislikes these companies and their strange relationship to the ebay sellers. I guarantee this is not legal. Actually, whomever pays for the closing is supposed to choose their own closing company when you buy real estate in most states. This is how it works when buying a house. But the ebay sellers always insist on their chosen company. I am very suspicious of the processing of your paperwork.

Click to expand...

I am always suspicious too. However it is about the bottom line. The sellers likely have a deal where they receive a kickback in the closing costs that are paid, it helps pad their wallets. If one forked over enough additional money in addition to the sale price to cover what they would loose for not using their closing company, then I am sure that they would be happy to let you use someone else. Unless they don't want other companies to know how they acquired those units.

rickandcindy23 said:

Carolinian would be all over this one. He really dislikes these companies and their strange relationship to the ebay sellers. I guarantee this is not legal. Actually, whomever pays for the closing is supposed to choose their own closing company when you buy real estate in most states. This is how it works when buying a house. But the ebay sellers always insist on their chosen company. I am very suspicious of the processing of your paperwork.

Click to expand...

Many real estate agencies and home builders also have relationships with title/closing companies. I know of one home builder in Florida that also owns the title/closing company that they use for home sales. There is nothing illegal about it.

If you are buying a timeshare and want to use your own closing company you are entitled to do so. I have never had a problem using a different company than the seller wanted to use.

gmarine said:

Many real estate agencies and home builders also have relationships with title/closing companies. I know of one home builder in Florida that also owns the title/closing company that they use for home sales. There is nothing illegal about it.

If you are buying a timeshare and want to use your own closing company you are entitled to do so. I have never had a problem using a different company than the seller wanted to use.

Click to expand...

The thing is however that with a home purchase you can choose to use a different closing company than the one they have the relationship with. They can't force you to use theirs. With the E-Bay sellers, they are mandating that you use theirs. There is a difference here.

dioxide45 said:

The thing is however that with a home purchase you can choose to use a different closing company than the one they have the relationship with. They can't force you to use theirs. With the E-Bay sellers, they are mandating that you use theirs. There is a difference here.

Click to expand...

I agree. But you dont have to agree to use the closing agent that they want you to. I dont believe it is legal to require you to use their closing agent. I have told sellers on EBAY that I will use my own and so far havent had a problem.

gmarine said:

Many real estate agencies and home builders also have relationships with title/closing companies. I know of one home builder in Florida that also owns the title/closing company that they use for home sales. There is nothing illegal about it.

If you are buying a timeshare and want to use your own closing company you are entitled to do so. I have never had a problem using a different company than the seller wanted to use.

Click to expand...

The person who pays the title insurance decides the closing company, so in selling a home, the seller pays the bulk of the title insurance. That is the home builder. If I pay the entire fee, I can choose whatever company I want, as the buyer.

If you are forced to use a closing company as the buyer and have to pay for it, no matter the cost, you think that is okay? I don't.

gmarine said:

Many real estate agencies and home builders also have relationships with title/closing companies. I know of one home builder in Florida that also owns the title/closing company that they use for home sales. There is nothing illegal about it.

If you are buying a timeshare and want to use your own closing company you are entitled to do so. I have never had a problem using a different company than the seller wanted to use.

Click to expand...

I should add that in Colorado, no home builder owns a title/closing company. That doesn't even sound legal. Think about it. They are supposed to be guaranteeing free and clear title of the property. That would be too easy for fraud. In Colorado, and I believe nationally, no Realtor can take a kickback from a closing company in Colorado. It is illegal and unethical. You can take a kickback from a mortgage company and some brokers are also in the mortgage business, but the closing/title company cannot have a relationship with the broker that kicks money back.

This is my point on Title Outlet and the others that sell on ebay. You should be able to say, "I will pay the price I bid, but I want to use Bud's Title Company for the closing." The law would probably back you up, if you went that far with it. But most don't.

No need to get into a hassle with these guys. If you don't want to use the title company they disignate, don't bid on their auctions. Seems simple to me. Kind of like if you don't want second-hand smoke, don't go to a place that permits smoking. Life (at least mine) is tooo short to get all worked up about these things.

GEORGE

Title Company

Yes Cindy you could say that, but they are selling on their terms, if you want them fine, if you don't, you can buy from someone else. Just like is someone is buying your house, you as the seller can name your terms, if the buyer doesn't like them , they buy another house. I think it's a real simple process myself

rickandcindy23 said:

I should add that in Colorado, no home builder owns a title/closing company. That doesn't even sound legal. Think about it. They are supposed to be guaranteeing free and clear title of the property. That would be too easy for fraud. In Colorado, and I believe nationally, no Realtor can take a kickback from a closing company in Colorado. It is illegal and unethical. You can take a kickback from a mortgage company and some brokers are also in the mortgage business, but the closing/title company cannot have a relationship with the broker that kicks money back.

This is my point on Title Outlet and the others that sell on ebay. You should be able to say, "I will pay the price I bid, but I want to use Bud's Title Company for the closing." The law would probably back you up, if you went that far with it. But most don't.

Click to expand...

Yes, I do see that, George and nazclk.

Laws were made to protect the consumer.

Title Outlet

I bought Fairfield points on eBay in July 2006 that I received the deed on only this week (nine months later ) and the title has not yet been transfered by Fairfield :zzz: ... Title Outlet dropped the ball... the closing got lost, fell through the cracks... but **** happens and Title Outlet responded as best they could..

It rankles me to be forced to use and to pay for a closing company not of my choosing... but I reduce my bid by the excessive closing fee amount... so that's a wash ... and I have had only good experiences with all of the companies forced upon me .... Joe Tragesser