A Title Story – 50 Years in the Making
In 1975, Michael J. Philbin and his law partners founded Lawyer's Escrow Service, Inc.. From 1975 to 1998, Lawyer's Escrow was owned by Mr. Philbin and the other Members of the law firm of Taylor, Philbin, Pique, Marchetti & Bennett and its predecessors.
In 1998 Lawyer's Escrow was transferred to the sole ownership of Mike, who continued to own and operate it until his untimely death in 2015. At that time Shannon Philbin, Mike’s wife, who had been active in the business since 1998, succeeded to ownership, and Denny Bennett, Mike’s former law partner resumed his law practice with Nixon Pressley as the successor partnership in Mike’s law firm and a key affiliate of Lawyer's Escrow.
In 2024, Lawyer's Escrow was acquired by Mid South Title, a southeastern regional title agency. Together the two brands account for 130 Years of title and settlement excellence.
From now and into the future, Lawyer's Escrow will continue to be Nashville’s and middle Tennessee’s premier title agency, serving Buyers, Sellers, Borrowers, Lenders, Realtors and Builders.
About – Title
In real estate, title is established through a professional examination of a quality title search report. Title should not just be assumed, for each transfer needs to be successfully created, so future transfers are also valid. An expert examination can find, and fix, previous title issues.
Not all settlement agents are equal. The truth is, many settlement agents have access to title production software, can open a file, create a settlement sheet and disburse funds. Not all settlement agents have the expert knowledge to handle title and contractual issues if they arise.
If you are a Buyer, Borrower or a Seller, do your homework. Get a referral. Call a few settlement agents. Find the right one for you. Some questions you can ask: how many title claims have you had in the last 24 months? have any underwriters terminated agency with you in the last 5 years? Do you have any consumer complaints in the last year? What is your ALTA license number?
If you are an Agent or Lender, make sure your referrals are solid by only using reputable settlement agents. Not just the ones with the best donuts or deepest expense accounts.
Costs are always a consideration, but so is quality. Balance the two and you will have a solid network of settlement agents to rely on.
Work with a Leader. Work with Lawyer's Escrow Service, Inc.
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