What National Leaders Are Saying about Title Insurance
California Lt. Governor John Garamendi (D), Former Insurance Commissioner:
“California homeowners and home buyers are being systematically overcharged because title insurers refused to compete with one another on the basis of low prices. These overcharges operate like a tax on home purchases and refinancing, pricing people out of the market and acting as a drag on the economy.”
December 15, 2005
U.S. Senator Phil Gramm (R-TX):
“I know how we can cut the initial, up-front cost of buying a house by between a quarter and a third for people participating in federal programs aimed at lowering the cost of buying a house. And the way to do it is to do something about title insurance. We could probably do more to promote home ownership by fixing this than by any increase in appropriations for housing that will be made in the next eight years combined.”
December 13, 2001
Missouri Governor Matt Blunt (R), days after extensive title insurance reform legislation took effect in Missouri:
“This bill enacts important provisions to protect Missourians purchasing a new home or investing in their future and cracks down on loopholes to put a stop to unscrupulous insurance agents and ensure all agents protect their customers' best interest. The new title insurance reforms I signed provide for better disclosure to consumers and more accountability to companies and agencies to ensure they give Missourians consistent and fair prices for title insurance.”
January 3, 2008
U.S. Representative Barbara Lee (D-CA):
“Title companies really should have to compete and consumers should have choices - that's the bottom line.”
April 26, 2006
Think New Mexico
1227 Paseo de Peralta • Santa Fe, New Mexico 87501
Phone: (505) 992-1315 • Fax: (505) 992-1314 • Email: info@thinknewmexico.org
Website Design © 2005 by Think New Mexico