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Delaware
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Delaware Title Insurance
While some parts of the nation are still weathering the stormy days of the
sub-prime mortgage crisis, there is a sunnier outlook for buyers in the
Delaware Valley housing market, according to a report in the Community News. Higher foreclosure rates have led to flat home prices and longer
selling times, which is great news for local home buyers, said Steve Storti, senior vice president of marketing for Prudential Fox & Roach
Real Estate.
Delaware's foreclosure rate hit an all-time high in May, with one out of every 1,467 homes in the
foreclosure process. The 266 filings in New Castle County was also
a record, according to a report from RealtyTrac, a for-profit company that tracks foreclosure rates in the U.S. As foreclosure rates increased,
the average price of a home in New Castle County slid to $224,900 in March, down $100 from last March. The average home spent 75 days on the
market, more than three weeks longer than a year ago, Fox & Roach reports.
Because there are so many unsold homes on the market, buyers should not expect prices to be bid up by competitors and should not feel pressured
to act hastily, Storti said. "It is a very good time in this marketplace to buy a home." Delaware's rising foreclosure rate pales in comparison
to Nevada, where one out of every 118 homes is in foreclosure, or California, where one out of 183 homes is in foreclosure, according to
RealtyTrac. Storti and others in the real estate industry believe the main reason the market hasn’t picked up more quickly in Delaware has less
to do with inflated prices and more to do with media reports on other areas that have been hit much harder.
For those consumers looking to purchase a home in Delaware, a state where title insurance premiums are regulated, they are shopping in a
market ripe for buyers. On the surface, it would appear that you will pay the same for
title insurance no matter what company you use, but unfortunately that is not the
case. The reality is that, while all title companies charge the same rate for the title insurance premiums, each company has their own policy
when it comes to additional fees for services such as copies, overnights and service charges.
This is where myClosingSPACE.com can help. We offer Delaware title insurance directly to consumers
with flat fee pricing without all of the additional charges and junk fees other title companies may charge. Our goal is to work directly with
consumers and offer the lowest rates allowed by law. Don't be tricked by other title companies that only show you the premium, which is the
same no matter who you use. If you dig deeper you will find that they are adding additional fees onto the total cost and the price is
considerably higher than it appears. With myClosingSPACE.com what you see is what you get. You will
never be surprised by additional charges when you sit down to close because all fees and charges are included in our rate quote. This can
add up to savings of hundreds or even thousands of dollars.
Visit myClosingSPACE.com for a title
insurance purchase quote or a title insurance refinance quote
to learn how much we can save you on closing costs in Delaware. Visit our quote page to get a title insurance quote for your
purchase or
refinance and see how much you can save with
myClosingSPACE.com. Our guaranteed quote offers a detailed breakdown all the fees, transaction costs and
taxes with no junk fees. This is how we save you money. If you need additional information or help with a quote
we encourage you to contact our customer service department for additional assistance.
To find out more about title insurance in other states visit our
state title insurance directory page.
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