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MADISON - ST. CLAIR RECORD

Thursday, November 21, 2024

Professional National Title Network

Recent News About Professional National Title Network

  • Choosing a hat: Proposal seeks to ease home closing costs by rewriting rules for IL lawyers who sell title insurance

    By Jonathan Bilyk |
    A new legislative proposal would force real estate lawyers in Illinois who also serve as title insurance agents to 'choose which hat they will wear' in a home sale transaction, in a bid to reduce the typical closing costs paid by Illinois homeowners, and bring those costs more in line with the national average. But the proposal has drawn fire from lawyers and their associations, accusing supporters of the bill of unfairly 'scapegoating' lawyers for Illinois' relatively more expensive title insurance costs.