Conestoga knows there are many lawyers specializing in areas of law other than real estate, but who sometimes find occasion to do settlements for their clients. We also recognize that other attorneys do a higher volume of real estate transactions, but do not want to hire additional staff or to be burdened with extra paperwork, overhead, and liability associated with becoming a title agent. The Approved Attorney System is an ideal option.
Under the Approved Attorney System, an attorney holds closing and certifies title to Conestoga. The attorney has an opportunity on behalf of the client to negotiate the removal of objections and to negotiate special coverages, such as survey requirements or mechanic’s lien insurance. After the closing and recording of documents, Conestoga prepares and issues the policies on behalf of the owner and lender.
Throughout the entire process, Approved Attorneys may focus their attention on zealous representation of the client. The attorney provides competitive title insurance rates and charges only for services provided, such as settlement fees, document preparation, notary, and legal representation.
The system also offers tremendous benefits to the attorney. Among them:
Additional details concerning Approved Attorney Rates:
Approved Attorney rates are for title insurance only. They do not include the cost of title search, settlement, document preparation, notary fees, recording charges, or legal counsel, which will be determined separately by the attorney. These rates apply when Conestoga’s Approved Attorney holds settlement and certifies title to the company. The cost of endorsements required by the lender is also not included in this fee.
An Approved Attorney must maintain a malpractice insurance policy with a minimum of $500,000.00 per claim.
Contact us today for more information or make application to join our Approved Attorney network by clicking on the Join Our Network button to the right.