October News Brief We are here to bring you the latest news in real estate industry, so for your October News Brief we are not just ONLY bring you news, but we have a few treats for you, too, so be sure to read to the end! This is not the entire news brief. Read it in its entirety here. Residential News News Brief Feature
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
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
Real estate is the nation’s largest market, its purchase and sale are essential to the health of the U.S. economy. However, these transactions are never without risk. That’s why title insurance has been protecting American homeowners for more than 130 years, but what exactly IS title insurance? We are here to explain what title insurance is, and how it can benefit you. Title Insurance. What
Protecting Your Home With an Owner’s Policy There are two types of title insurance. The first is owner’s title insurance, called an Owner’s Policy. The second is lender’s title insurance, called a Loan Policy. To start, most lenders require a Loan Policy when they issue you a loan. The base amount of this policy is the dollar amount of your loan. It only protects the