Across this great country, from sea to shining sea, the American Dream of homeownership is alive and well. The American Dream of homeownership is about being part of a community. It’s also about making the house you live in a great place to call home. Think of it: having backyard barbeques, children’s birthday parties, and neighborhood watch patrols. It’s about borrowing a cup of sugar
What is it, exactly? A title commitment is prepared prior to issuing a policy of title insurance that shows the ownership of a specific parcel of land. It includes the liens and encumbrances which will not be covered under a subsequent title insurance policy. The commitment lists, in advance of purchase, title defects, liens and encumbrances which are likely excluded from coverage. This is as
Introduction This important case study has some excellent tip on preventing real estate wire fraud. Also, we here at Landmark Abstract take action to protect all parties involved in a real estate transaction. Firstly, the Federal Bureau of Investigation estimates criminals attempted to divert more than $90 billion in wire fraud transfers between June 2016 and December 2018. These “trick and transfer” scams are at
Is Title Insurance Necessary During a Refinance? Is title insurance needed to refinance your mortgage? That’s a good question. Homeowners want to refinance their mortgage for different reasons. For example, people want to take advantage of a lower interest rate, eliminate Private Mortgage Insurance (PMI) or to cash out a portion of their home’s equity. Be sure! Title insurance is still needed for refinancing. No
Let’s Get Started! Buying a home is one of the biggest purchases you will ever make in your life. Most buyers will need to work with a lender to obtain a mortgage to ensure they are able to make this purchase. Your lender and settlement company will work together to make sure your settlement goes smoothly. As always, Landmark Abstract is here to help! Below