Members: 114,089 -
807 Online Now Login
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "title insurance":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home Seller Closing Costs
– there are more closing costs in the average real estate
transaction than just the Realtors commission! Here are a few
examples of standard closing costs in our area.
As always - I support the Landis family when an event is put out to the public. The below looks DELICIOUS. I'll have to see if I can fit this into the schedule.
Owner's Title InsuranceYou don't want problems from prior ownerships to interfere with your rights to your property. And you don't want to pay the potentially ruinous cost of defending your property rights in court.A title insurance policy is your best protection against potential title defects, which can remain hidden despite the … (0 comments)
now this is really genius.
In Indiana, we close and disburse at the closing table, not in Escrow. Most title companies in Indiana and many elsewhere advertise Insured Closings as well as title insurance and other services. But what is an insured closing? It is a broad term that is ripe for misunderstanding.
Title Insurance Bill Signed Into Law by Governor Schwarzenegger
Foreclosed houses are everywhere you turn in this market. But while their sticker prices are low, buying one can be a risky endeavor. This is mainly because you won't have the same protections as you would for a conventional house.
One major reason is that the services covered by the title insurance premium vary in different parts of the country. In some areas, the premium covers not only protection against loss but also the costs of search and examination, as well as closing services. In other areas, the premium covers protection … (0 comments)
In my market we like everywhere else, are flooded with Short Sales and Bank Owned properties. All my buyer clients want a geed deal. I have had so many different experiences with the bank owned properties lately. I've done 4 recently and each one has had it's challenges. If you get … (1 comments)
I periodically teach a class on making escrows "bullet-proof", entitled "Transactional Kevlar". (For all you non-military/non-law enforcement types out there, Kevlar is the stuff they make bullet resistant vests from) In the intro of that class I hasten to point out that there are bullets that will pierce most any vest, … (5 comments)
This is a continuing series from my blog post on the 21st of August, Did You Know?.....Title Glossary A-C
Title insurance is one of the most hated fees in the industry. In metro Detroit real estate transactions and refinancing title insurance costs make up the majority of the closing costs in most instances. It is not unusual for title closing costs to be over $1000.
An owner's title insurance policy protects the owner against title defects in the property. A mortgage title policy protects the holder of the mortgage on the property. Separate policies are required to protect both interests.
I work in an office building in beautiful downtown Destin, FL. We have 5 floors, with the entire 5th floor being occupied by a pretty powerful law firm.
Help me out here... what's up with real estate agents and lenders that are relentlessly committed to service providers that are HORRIBLE?
I'm filling in Clark Howard today on the Clark Howard Show on WSB Radio and we just got a call from Jim who wanted to know why he needed to buy title insurance three times in the purchase of his new home. He bought it when he bought the land, after … (0 comments)
Sticker shock for buying that first house must also extend to the closing costs fpr many people. I just sent a rough estimate to a prospect I am working with so he can plan his finances. Many times sellers will help out with a concession at closing. However, many of the … (4 comments)
As most of you know who read my blog regularly...I enjoy life...!!! 
When I began selling homes in Los Altos 15 years ago, a consumer's knowledge of the Title Insurance product was relatively low. Today, that level of knowledge isn't much better. What I have found is that the consumer assumes that the cost of title insurance is somehow fixed and rather than investigate, they … (0 comments)
Title Insurance – Why do I need that? Title insurance is very misunderstood by most consumers. It is no less important than homeowner’s insurance. When you are purchasing a home or land or commercial property what you are actually purchasing is the title or the right to occupy and use the … (0 comments)
Title insurance provides the property buyer and/or the mortgage lender protection against losses resulting from unknown defects in the title to a property that occur prior to the closing of a real estate transaction. Unknown defects in a title, such as any outstanding liens or encumbrances, can result in additional costs … (0 comments)
Do you have clients out there looking to get a great deal among the many foreclosed properties? Why not? Foreclosed houses are everywhere you turn in this market. But while their sticker prices are low, buying one can be a risky endeavor. This is mainly because with a foreclosure you won't … (5 comments)
Title Insurance: a policy that protects a buyer and/or a lender against errors or omissions or defects in the title of the property.Title Insurance will defend against a lawsuit attacking the title as it is insured, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount … (1 comments)
One of the symptoms of the mortgage crisis is that there are now a lot of foreclosed homes on the market. Banks normally don't make any repairs and will not warranty the home in any way, so the buyer needs to be aware of what they are buying before they … (1 comments)
I sometimes find myself getting defensive around some of my friends when they bring up my chosen profession. Don't they understand how necessary the service we provide is? I know I'm not a Doctor or Lawyer, or Banker, but I do believe the industry I'm in provides a very valuable and necessary service.
The latest information below on the closing of United Title
Sometimes there are title issues, complicated closing issues, divorce situations, marital property issues, questions of ownership, situations that involve attorneys, questions of fraud, etc. that take time to clear up before a file can close. Every property doesn't have clear title.. Sometimes a quiet title must be done which may fix … (6 comments)
Yes but you will need to run a new title search. The title insurance you buy when you close on the home you purchase covers only past events, which cloud the title.
Lenders use to require surveys, but in NC at least the requirement has fallen by the side of the road and home owners could suffer in the future. Home owners need to understand that it is up to them to make sure they are buying what they think they are buying … (0 comments)
Would you sign a hold harmless letter if you decided not to purchase an owner's title insurance policy? Prior to her recent home purchase, a local home buyer was asked to sign an affidavit holding the attorney, the real estate brokers, their agents and employees harmless from any future claims arising … (0 comments)
Hi All,
The California Department of Insurance Commissioner released a press release the end of April 2008 citing his desire to limit marketing payments to individuals to no more than $25 per person per year by Title Insurance Companies and representatives. Other items regarding affiliated business relationships were also outlined.
<!--
<div id="FormsLayer" style="position:absolute; width:368px; height:178; z-index:2; left: 0; top: 0; visibility: visible;"></div>
--> … (0 comments)
It pays to shop for the best closing attorney fees. Saving $1,109 on closing attorney fees is something to crow about. You might ask, aren't attorney fees only around $500? Yes they are but you have to watch out for high title insurance premiums. Attorneys get a big commission on the title … (2 comments)
United Title of Texas will close all offices in the state today. I just reported on the closings, see
In my nearly 10 years of working in the real estate, mortgage, and title business I have heard and witnessed many a horror story about closings lost due to the ineptitude, careless mistakes, lack of communication, or just plain poor customer service on the part of title companies. Although title companies do … (4 comments)
Why You should have Title Insurance 7/22/2008
This question came to me after a settlement that was a little rougher than it needed to be. Here in Virginia, the buyer selects the settlement company since the buyer pays for the title insurance, so the Buyer's Agent (who is with a national brand) put into the contract that they … (4 comments)
An update on the posts http://activerain.com/blogsview/324536/Rental-Property-Problem-Need, http://activerain.com/blogsview/339595/Up-Date-on-Rental http://activerain.com/blogsview/352730/Rental-Property-Problem-Need. 
By Hank Bailey, REALTOR® Prudential Blanton Properties
I would like to provide all of my client's with an accurate Good Faith Estimate... this is very difficult to do when closing attorneys "sneak" in owner's coverage title insurance - AT CLOSING. I try to make it a point that when the request for title commitment is sent to the chosen … (2 comments)
Escrow is Open
At the center of every residential real estate transaction is an individual or a family that is emotionally charged-excited, probably a bit nervous and definitely stressed about timing. Whether you're an attorney, a lender or a home buyer, the last thing you need is an unexpected delay at closing.
What is Title Insurance and do I need it?
Hello, all!
I want to speak with you today about the selection of title insurance underwriters. For years the tradition has been for one or both of the Realtors involved in a sale to agree on a specific title company, office and escrow officer. The clients usually don't voice an opinion.
ALTA doesn't mean the best snow on earth in the title insurance industry but it does mean that you're getting the best title coverage protection for your homeowner. There are many misconceptions about the differences between an ALTA and Eagle policy. The fact is that there the same when it comes … (2 comments)
Sure you want to save money, we all do! But, sometime it ends up costing us more! Here are five free tips on buying a FSBO.
Closing day is the day when the keys are in your hands and the home offiially becomes yours. It is usually 30 days or more after the contract has been signed. Your contract will typically reflect an anticipated closing date.
Title Insurance Rates - Florida title insurance rates are set by the state. But . . . the expenses, charges and service fess title companies charge will vary. There can be a big difference in title related charges such as document prep fees, title searches, settlement fees, etc. These differences could … (1 comments)
There is discussion on Active Rain from time to time on whether in a short sale it is advisable to move out of the house. 
This article says it all. If you are not part of a Title Company arrangement like this, you are missing the boat! And chances are if you are with Re/Max or Coldwll Banker or Prudential, or Century 21...name any of the big boys...YOU CAN'T.
If you are in the process of purchasing a new home, one of the issues that you either currently dealing with or will be doing so soon is title insurance. As you go about contemplating title insurance and other issues, you may be wondering exactly what you are paying for when … (1 comments)
I am certainly not an insurance agent or attorney and I recommend that you consult both for the most accurate information regarding title insurance. However, here is what I do know that might be helpful for potential buyers out there.
Originally posted at www.stcloudedina.com/blog on 04/10/08:
Bearing in mind that some of these possibilities may seem farfetched - "insane person" or the reappearance of someone presumed dead sound like something that would happen on an episode of Dallas - we should all operate under the adage "better safe than sorry" (or "stranger things have happened"). 
When consumers purchase automobiles and they are paid in "pink slips" to indicate they own the vehicles. And when Home Buyers purchase real estate (or real property) "titles" are transferred.But what happens if the Seller does not have a "clear title" to convey? Perhaps there was an irregularity in one of … (0 comments)
Today 24 hours prior to closing a transaction I find out that there is a cloud on the title. It is pretty simple. Sometime in 1964 someone somehow failed to get the proper documents filed in order to release a deed of trust in the amount of $16,000. The loan had … (9 comments)
So, I had an attorney 'friend' of mine say he wouldn't budge on his price for my parents closing when they were buying a house. 'Ok, fine, I'll go somewhere else. I've given you enough business (tens of thousands of dollars of business, not peanuts), but whatever'. Jerk.
To all the Realtors, Lenders and consumers out there:I'm sure we all are not fond of that dollar amount on the HUD or GFE that has "title insurance" listed next to it. Here is a great link that will help you save your clients some money.I was in the title insurance … (2 comments)
When property is sold or refinanced, the lender and or buyer needs a preliminary title report to see exactly what liens and encumbrances are against the property. A copy of this report will be sent to you, your ender and your Olathe real estate agent, Brad Papa for review. Items that … (0 comments)
As a Title insurance professional, it surprises me how many consumers have no idea what Title Insurance is and why they pay for it. Yet they do. Why? I spent alot of money on market research and found that most people never heard of it and therefore did not know it was … (2 comments)
I've been working with a client the last week or so trying to find a title company that will close the sale of a property he bought at Tax Sale over a year ago. It's been interesting.... no one knows what I'm asking and they have to ask the UW and … (1 comments)