Reply by SheilaSJCA on 7/17/05 3:23pm Msg #52816
Re: Closings for Home Loan Center-good explanation of SI
If you are talking about the statement of information that many title companies need for their use. I usually have this explanation on hand, as given to my by one of my favorite title companies. "There really is a reason for your request for you to fill out this statement of information. We don't want you to think that we are unnecessarily interested in your personal affairs. we have been askd to insure the title to real property in which you are interested, and if you give us the information called for, it will help us do our job quickly and accurately. All information will be treated as confidential. Our states population is growing rapidly. Please think for a moment how many of our residents have the same or similar names. In processing your order we will inevitably encounter judgements, bankruptcies, divorces, income tax liens against persons whose names are in some way similiar to yours. Such matters must be considered unless eliminated by information showing you are not the person involved in these difficulties. You see, then, that we need to know something about you and your spouse, if you are married, so that we may ignore all matters not directly related to you or your property. By completing this form in full, you are helping to make it possible for us to give you the kind of sevice we are sure you would like to receive." (ps. they are often mailed to clients ahead of time, but often, they are not returned, so they are filled out in escrow)
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