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In Illinois, "Real Estate Commissions and Title Insurance Services for a Flat Fee" are beginning
William "Bill" Blanchard, real estate attorney and general counsel for Gaia Title, Inc., spoke about a game-changing development of great significance to Realtors® and title agents in Illinois, flat fees.
By: Gaia Title, Inc.
Home Bay, a California real estate technology company is expanding its operation to seven additional states including Illinois. Home Bay has been successful in the California real estate market by offering discounted flat fee brokerage commissions in the range of $2,500 to $3,000.
Home Bay announced this week that its getting into the title insurance and settlement services business by acquiring OnTitle, a full-service title insurance and settlement company. Mr. Blanchard stated, "this is a game changer for Illinois residents, real estate agents and title agencies because Home Bay's fees are significantly below prevailing rates in our market. OnTitle is registered to provide title and closing services in 31 states including Illinois." Home Bay's spokesman says, "the flat fee platform will allow the company to become a one-stop-technology-
The question becomes, will Home Bay with the recent acquisition of OnTitle bring real savings to consumers, and Mr. Blanchard believes it will. "There is no doubt that consumers working with Home Bay in its current markets have realized lower commissions and settlement fees." added Mr. Blanchard.
William B. Blanchard is General Counsel for Gaia Title, Inc. and a real estate attorney representing clients in the Western suburbs of Chicago in all types of real estate transactions including real estate closings, short sales, and real estate tax appeals. As General Counsel, Mr. Blanchard provides title insurance examinations, commitment and policy reviews, supervises closing activities and regulatory compliance issues.
Mr. Blanchard received his Juris Doctor Degree from DePaul University College of Law in 1972, and was admitted to the practice of law in Illinois in 1973. He is general counsel to Gaia Title, Inc., http://www.gaiatitle.com. Mr. Blanchard's attorney profile is at https://solomonlawguild.com/
William "Bill" Blanchard, Gaia Title, Inc.