Thursday, February 01, 2007

Has this ever happened in Illinois?

Look at this 'blurb from one of my out-of-state e-mail newsletters on TX real estate:

TITLE INSURANCE RATES REDUCED

TEXAS (San Antonio Express-News) – Texas regulators have ordered title insurers to reduce their rates by 3.2 percent effective Feb. 1.The order, signed by Texas Insurance Commissioner Mike Geeslin, will cut the cost of title insurance for a typical $100,000 home to $843, compared with $1,023 in 1998.

In the last eight years, Texas has cut title insurance rates by 17 percent, including a 6.5 percent reduction in 2004, the department said in a news release.


I'm not sure this has EVER happened in IL. Of course we have slightly less regulation in IL too. The state doesn't set the rates here.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home

Google