HUD’s New Program Allows Agents to Choose Title Company

Starting October 1, 2013 in the Columbus area, this new program allows agents to pick the Title company instead of using the HUD selected title company. This falls under the new BSC a program which stands for buyers select closing agent. In the past, HUD required their own title, escrow and closing agent company to handle the finality’s on a real estate transaction but now buyers and their agents can choose. Currently, this program is in several counties and states and was just implemented on October 1, 2013 for the Columbus area. It will continue to be implemented across the country and different regions in the future.

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