Overcoming Owner’s Policy Objections When the TILA-RESPA Integrated Disclosure (TRID) requirements went into effect, lenders began issuing a new Closing Disclosure to homebuyers. This new form lists the Owner’s Policy of title insurance as an “optional” purchase. While an owner’s title insurance policy has never been required, this “optional” language may spur questions regarding the value of title insurance. Here are some common objections to
Watch to Learn More! We made this video for Friday the 13th, but it still holds value everyday! Watch it to learn about pitfalls to avoid. Title Search Process When you receive the keys to your new home, you may already have an idea about the work that goes into a successful closing. However, few new homeowners recognize the efforts involved in a title search and
Do You Need Additional Title Coverage? To start, if you previously purchased property and obtained an Owner’s Title Insurance Policy, you may need additional title insurance coverage. Perhaps your policy does not reflect the current value of your property, asking about extra coverage may be beneficial. If you refinance your mortgage or obtain a construction loan/home equity loan to improve your property, it is a
There 10 rules to know about TRID! The Consumer Financial Protection Bureau (CFPB) created the TILA-RESPA Integrated Disclosure (TRID) Rule to improve mortgage disclosure forms to make it easier for consumers to understand the terms of their loans and closing costs. In order to ensure a timely closing, it is more important than ever that real estate agents communicate with their consumer, lender, and settlement
Get the Highlights Here! Watch this video to learn about five of the key things you need to know before you close. Next, read the blog post to learn more. 10 Things To Know About Your Closing The search may have been long, but you’ve finally found the home of your dreams. You love its style, floor plan, and views. Additionally, the neighborhood is great!