LandAmerica Launches Consumer Education Website

July 14, 2006

KnowYourClosing.com Educates Homebuyers About the Real Estate Closing Process

RICHMOND, Va.,-- Many a homebuyer is perplexed by the details involved in buying a house, especially the closing process. Just what is a "closing," or "escrow," or "title insurance," or a "survey"? A new website -- KnowYourClosing.com -- helps clear up some of the mystery and confusion.

Developed by LandAmerica Financial Group (NYSE:LFG), a leading provider of real estate transaction services, KnowYourClosing.com answers such basic questions in easy-to-understand language, using a question-and-answer format and brief descriptions.

In addition to a glossary of terms, the website contains links to a variety of other helpful sites, including state insurance departments, governmental and independent resources, consumer finance reference sources, major title insurance companies, and more.

Site visitors will find a step-by-step description of what to expect on closing day, what title insurance is and why it's important, the role of a settlement agent, and other helpful information explained in simple statements.

"KnowYourClosing.com is not intended to be a sales tool for LandAmerica," said Theodore L. Chandler, Jr., LandAmerica President and CEO. "It is a consumer education resource, created and funded by our company, for the benefit of consumers. The home buying process can be daunting, particularly for first-time buyers, and LandAmerica is committed to reducing the complexity and removing the obstacles usually associated with it. This new site gives consumers straight answers to commonly asked questions and tells them where to turn for reliable information."

SOURCE LandAmerica Financial Group, Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

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