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What benefits exist when the developer has a Master Title Commitment (MTC)?

April 26, 2017Benefits commitment Developer exist master MTC title

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What benefits exist when the developer has a Master Title Commitment (MTC)?

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There are several benefits of having a MTC. To begin with, there is no need to do a title report since the title has already been searched. This reduces the title search cost and saves time. Buyers from a developer with a MTC only need to pay an update fee, which averages $500 USD. Then the buyer can move directly to getting a title commitment and close on the property.