yourclosingcompany: Why Should You Care About Flood Plains?
- 05/26/16 04:07 AM
The area and land surrounding your home is something many homebuyers take into consideration before committing to a piece of property. However, what some home hunters do not take into consideration is the varying outcomes when choosing land. For example, a flood plain is an area of land that is near a body of water, usually a stream or river that is known to experience flooding during periods of heavy rainfall. If you make the decision to buy a home that is on a flood plain, your lender will most likely require flood insurance because until your home is paid back in … (0 comments)
yourclosingcompany: How Can I Keep Track of the Homes I View?
- 05/22/16 10:50 PM
If you’re viewing a bundle of homes in pursuit of finding “the one”, it can be a challenge to keep track of all of the details. Was it the first property that you saw that needed the bath renovations or the second? Did your realtor say that one of the properties would negotiate on hiring painters? Was the granite in the fourth home you saw or the seventh? You may think it would be easy to recall these things but after a few viewings over the course of multiple days, they seems to fuse together. So what can you do to keep … (0 comments)
yourclosingcompany: How Is Title Insurance Different?
- 05/16/16 12:09 AM
Most of us are accustomed to the ideas behind insurance. Because we aren’t able to see into the future, we never can truly be too careful when it comes to protecting our items that hold great weight and investment in our lives. But how many people really understand the difference between nearly any other insurance policy and an owner’s title insurance policy? Title companies like Title Junction pride themselves on eliminating risk of threatened ownership and investment in property. Your Fort Myers Title Company is able to do this by diligently gathering, storing and examining previous and current records that pertain to … (1 comments)
yourclosingcompany: CFPB Considers Making TRID Changes
- 05/12/16 01:28 AM
TRID has been in full effect as of October 3rd, 2015. Since then and even prior to, there has been a growing speculation of whether or not this update has helped or hurt those within the real estate industry. However recently the Consumer Financial Protection Bureau (or the CFPB) has confirmed the criticisms made in regards to TRID or the “Know Before You Owe” rule and intends to investigate on implementing updates to better accommodate real estate professionals. TRID has posed challenges for many real estate parties including lenders, mortgage professionals, realtors, and most importantly title companies. The CFPB Director Richard Cordray … (0 comments)
yourclosingcompany: What Is Respa?
- 05/05/16 12:17 AM
Respa, or the Federal Real Estate Settlement Procedures Act, requires lenders to release information to potential buyers during the mortgage process. The purpose of doing this is to make sure borrowers are secure and protected from any risks or abuses associated with lending institutions. Respa also requires that lenders inform buyers of a variety of items including closing costs, lender services and account practices, and business relationships between closing and/or service providers during the transaction. Staying aware and educated on your closing costs may help your real estate transaction run with both clarity and efficiency. Think about it, would you ever purchase something … (2 comments)
yourclosingcompany: Title Junction Bloopers
- 04/25/16 05:43 AM
Things get pretty busy at our Fort Myers Title Company. Like many other title insurance companies, we are constantly checking in and updating information for all of our clients and associates. Well, one day in particular we received a call from a lender whom requested to speak with Brooke immediately. This of course would be no problem except…we don’t have a Brooke at our office. Naturally, our front desk administrator apologized for the confusion but could not transfer the call to a Brooke because we have never employed anyone by that name. The caller then said “No, you have a Brooke. I spoke with … (0 comments)
yourclosingcompany: What is the Difference between Pre-Approval and Pre-Qualification?
- 04/25/16 05:40 AM
If you’re looking for a home you’ve probably heard the terms pre-qualified and pre-approval thrown around a few times. But what really is the difference between these two concepts? How important is it that you obtain one or the other from your lender? So what is pre-qualification? Pre-qualifying for a loan is a very informal way to calculate how much you may be able to borrow from your lender. Most lenders will allow you to pre-qualify over the phone as long as you provide a few items like your income, your debt, and how large of a down payment you are able … (3 comments)
yourclosingcompany: Help or a Hassle: What Is Your Fort Myers Title Company Giving You?
- 04/20/16 04:23 AM
As a buyer, realtor, or a fan of Title Junction, you have probably seen ads that demonstrate the importance of title insurance. With an array of horror stories revolving around fraud, liens, miscommunication, and even lost investments there’s no reason why you shouldn’t look into different title companies within your area when buying a home. However, if you’re already in the final stages prior to your closing ask yourself:
Have you received a settlement statement? Were you sent wiring instructions? Did your Title Company communicate consistently with me? Did your Title Company communicate with you at all?
If your Fort Myers Title Company did not provide … (0 comments)
yourclosingcompany: What if I Have a Vacation Planned Before My Closing?
- 04/07/16 06:33 AM
Just because you’re purchasing a home doesn’t meant that your life comes to a halt until you reach the closing table, right? Of course not! Many buyers and sellers still have to proceed with not only daily tasks but other engagements as well. For example, some have planned family vacations or weddings to attend. On the other hand, some of us may not have had anything planned up to the point of closing until something unexpected pops up. All of these instances are more than okay IF you are keeping your realtor involved. Your realtor as well as your lender, Title Company, … (1 comments)
yourclosingcompany: I’m Selling My Home and My Deed Holds an Error
- 04/01/16 03:00 AM
How many other insurance companies can offer you a one-time fee for a lifetime of protection? This is one of the many major perks when obtaining title insurance. For example, let’s say you’ve owned your home for a while now and finally decide it is time to sell it. You find a buyer and their lawyer asks for the deed in order to review the manner in which title was originally received. Upon this review, the lawyer discovers that the deed states that a previous owner (before yourself) still has rights to the property. This clearly was a mistake! Luckily you have title … (0 comments)
yourclosingcompany: How to Prepare Your Kids When Moving
- 04/01/16 02:55 AM
Your head may be spinning over the long to-do list you’ve creating when making the transition into a new home. But when you have kids during this major change, it can provide its own challenges aside from packing their things. So what can you do to help make things a little easier for yourself and your family? Anticipate a Mixed Reaction Your kids may have grown attached to the place you call home and may have trouble understanding that a new home will be just as great. Younger kids may actually have an easier time accepting the idea of moving because it’s … (0 comments)
yourclosingcompany: Taking Advantage of a Buyer’s Market
- 03/25/16 01:50 AM
The road for renters lately has been a grim one. Due to the amount of home sales not reaching a steady increase, there is a greater competition for renting which in turn results in higher rates. But what is keeping these renters from making the commitment to homeownership? Owning a home actually increases your worth. When you pay your rent each month, you’re paying for the space usually for the upcoming 30 days. When you pay your mortgage, you are making a payment towards the complete ownership and eventual equity. Okay so maybe you know the basics and believe in buying a … (1 comments)
yourclosingcompany: Real Estate Consumer Communication Hacks
- 03/17/16 03:47 AM
After working in the real estate industry for a considerable amount of time we may think we know it all but this isn’t necessarily true. Your business is only as strong as your client satisfaction! So what can you do to refresh your consumer communication? Client Compassion As professionals in the real estate field, you may see the same situation a number of times whether it be a bump on the road to closing or an anxious buyer. However, it is important to keep in mind that this may be the very first time that your client has gone through this and … (0 comments)
yourclosingcompany: Is This Home’s Location Right for Me?
- 02/19/16 05:01 AM
It seems as if the phrase “location, location, location” is echoed inside every buyers mind when looking at homes because in reality, that is what you’re investing in. But it isn’t always as easy as it sounds to identify both the pros and the cons when it comes to a home you’re interested in. What if it isn’t until after you’ve purchased a home that you realize a major downfall? Let’s take a look at a few examples. Is your home next to a highway? At first, you may see this as a good thing! You are eliminating a lot of traffic … (1 comments)
yourclosingcompany: Home Histories: Closing the Deal or Killing the Sale?
- 02/12/16 04:37 AM
You’ve snuggled up to the films about creaking homes with a mysterious past, but what about when something like that has happened in a home you are looking at? How would you feel about that property? Studies have shown that buyers aren’t likely to pay the asking price for a property that has experienced some sort of fatal or fatally related event. These properties do not just include homicides or suicide but also locations in which criminals have resided. Depending on your state, these details are not always immediately disclosed. In addition to this, Trulia has researched and proven that properties in … (0 comments)
yourclosingcompany: How Does My Credit Relate to My Mortgage?
- 02/12/16 04:32 AM
Are you ignoring your credit report? Gaining a clear understanding of your credit in combination with how credit actually works can save you a lot of time and effort trying to make up for previous financially based mistakes that could have been avoided. First and foremost, a credit report is calculated in consideration with your payment’s history, new versus old credit, different types of credit, and so on. However, there is a misconception that credit only concerns what has been paid off recently. For example, if you have stacked up a considerable amount of debt over time and then one day pay … (1 comments)
yourclosingcompany: A Buyers Guide to Fort Myers Title Insurance
- 02/01/16 11:36 PM
Obtaining title insurance in the state of Florida is in your best interest. Title insurance guarantees your ownership rights throughout the entire ownership of your home. Unfortunately, a few homeowners are under the misconception that title insurance is a rip-off because they feel that it is a one-time search. However, this search guarantees the protection of your home, investment, and even your finances. So What Could Threaten the Ownership of a Home? A tax lien Misattributed property lines Missed payments to the HOA (subdivision lien) Spouses or relatives claiming property rights These aren’t the only examples that could threaten one of your largest investments, there are even … (0 comments)
yourclosingcompany: Why Is My Title Company Important After Closing
- 01/25/16 05:15 AM
So it’s your first closing, you’re focused on receiving your keys and finally enjoying the moment of walking into your new home for the first time! It’s exciting and the rewarding experience you’ve been looking forward to. A few weeks go by and you receive word that there was an overlooked property fee due from closing. So, naturally, you decide to give your title company a call to get a better understanding of what exactly is going on. After a couple of attempts they assure you that they will get back to you with an answer. However, after a considerable amount … (0 comments)
The area and land surrounding your home is something many homebuyers take into consideration before committing to a piece of property. However, what some home hunters do not take into consideration is the varying outcomes when choosing land.
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