Lincoln Lost His Home Twice Because of Title Defects Losing a home is a cruel thing, but life can be cruel—even to those destined for greatness. Abraham Lincoln was born in a meager, one-room cabin on the Big South Fork of Nolin’s Creek near Hodgenville, Kentucky. It had a dirt floor, one window, and a sticky-clay chimney. Lincoln’s father, Tom, had paid $200 for the
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
Title Insurance for Commercial Transactions The sale of commercial real estate can be a complex process. Still, title insurance plays an important role in the transaction. While commercial transactions are similar to residential transactions, commercial transactions generally involve a larger financial investment. Complex ownership structures, use, and deeper research are needed to ensure the interests are conveyed properly. Below, we outline the basics of title