John E. Geary, Esq.
Attorney at Law

How?  It's simple.  I won't charge you all the fees that the title company charges.

What will that mean to you?  You will save up to $275.00 (or more)!  The actual amount you save will depend on the size of your mortgage and how much the title company that the lender assigns to close your loan charges for a title search.

Here's how it works:

Your lender will require a lender’s policy of title insurance to protect its mortgage and you will be required to pay the premium.

Under Maine law, you have the right to choose your own attorney to certify title to the property you will be purchasing and issue the lender’s title insurance policy.  [CLICK HERE to learn more about premiums rates for lender's title insurance and for total premiums for sample mortgage amounts].

Where your savings will come from:

Title companies usually charge around $275 (or more) for the title search.  The title insurance premium is an extra charge to you. 

When an individual title insurance “agent” (like me) or a title company acting as a title insurance “agency” issues a title insurance policy, the agent or agency earns a commission on the premium amount.  That commission averages about 70% of the actual premium paid.

The title company will charge you its standard rate for the title search and will charge you the standard title insurance premium.  

But when you exercise your right to choose me to search your title and issue the lender's title insurance policy, I will use the commission I earn for issuing the title insurance policy to off-set the fee for the title search.  And I will match any title company's title search fee.

Here's a very simple example of how I save borrowers real money:

Since the commission I will receive for producing the lender's title insurance policy ($280.00) exceeds the cost you would have paid the title company for the title search, I will off-set the full cost of the title search, which translates to real savings of $275.00 for you.

• I will actually be representing you;  (the title company closing the loan represents the lender).



• You will have an attorney searching your title;  (title companies employ non-attorneys, called abstractors, to actually search the title.  Then an attorney at the title company “reviews” the title abstract to certify title).



• I will answers questions you may have about the closing process.



• I will definitely save you money for your closing costs.