Default Services2020-08-26T01:32:45-04:00

Supporting your REO transactions nationwide.

Your Trusted REO Partner

With knowledge and experience spanning almost three decades and a team comprised of some of the finest title attorneys, settlement officers and processors, we are confident in our ability to get even the toughest transactions to the closing table in the most economical, efficient and effective manner possible.

While our client portfolio may be diverse, we have a dedicated team that specializes in REO and distressed properties. We understand the complexities and nuances of these properties and are familiar with the processes and timelines. Our REO team has a proven track record in effectively working with a variety of large government entities, national lenders, servicers, and reo management companies. Most notably, we have represented the Department of Housing and Urban Development (HUD), Fannie Mae and Reverse Mortgage Solutions, serving as their Preferred Settlement Agent.

Why use Crown Title’s REO Team?

  • Dedicated and Experienced REO team
  • REO orders confirmed upon receipt
  • Preliminary title commitments are generated within 5 business days
  • REO team performs Title Curative Services, Tax Searches, Lien Searches and preparation of Homeowners and Condominium Estoppel Letters
  • Provide status of the recording of the Trustee’s Deed, Sheriff’s Deed or Committee Deed
  • REO Contracts are confirmed upon receipt
  • Seller’s specific guidelines for Deed submission are followed and prepared with 5 business days of receipt of the contract
  • REO team members coordinate the settlement with the seller, buyer(s) realtors and lender
  • Preparation of the Settlement Statement within 48 hours prior to closing for review and approval
  • Wire confirmation of the seller’s proceeds and buyer signed documents delivered within 1 day of settlement
  • Best Practice Certified for National Lenders

Wiring Policy

FOR YOUR PROTECTION, PLEASE CALL OUR OFFICE (410) 719-0200 TO VERIFY WIRING INSTRUCTIONS PRIOR TO INITIATING A WIRE!

Wiring Buyer Funds

• Crown Title now requires a BANK WIRE for funds over $7,500. All funds must be wired before closing
• Bank/book transfers will not be accepted as good funds. Wires ONLY.
• A bank cashier’s check, made payable to Crown Title Corporation, will be accepted for funds under $7,500
• Personal checks accepted for funds under $2,000

Wiring Seller Proceeds

• Crown Title will require a copy of BOTH a check and deposit slip for the account
• All names on title must be printed on the check and the deposit slip (i.e. Names on Deed must match names on the bank account being used for the wire)
• There is a $50.00 wire fee that will be deducted from the cash out

Privacy & Security

Privacy Policy

It is more important than ever to keep your and your clients’ personal information safe and their identity secure. To ensure the safety of our clients personal and non-public information (NPI), and in accordance with ALTA’s Best Practices, Crown Title Corporation has agreed not to collect any information on this website that could compromise your privacy. Click here to review Crown Title’s full privacy policy. If you have any questions regarding this policy, please contact us at 410-719-0200.

Secure Emails

In order to protect our clients’ private information and to adhere to ALTA’s Best Practice guidelines, many emails we send will be sent in the form of a secure/password protected email. If you have trouble accessing secure emails from Crown Title, please contact our office and we will be glad to assist you.

Best Practice Certified

Crown Title Corporation has implemented the ALTA Title Insurance and Settlement Company Best Practices (“Best Practices”) dated July 19, 2013 and complies with the Best Practices in all material respects. We worked with Habif, Arogeti, & Wynne, LLP, Certified Public Accountants and Business Advisors, to become ALTA Best Practices certified in accordance with AICPA standards as part of their ComplianceSuccess Program.

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