Federal Title & Escrow Company's Blog

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Title Insurance - Federal Title & Escrow Company
Real estate articles for agents, mortgage lenders, homebuyers and homeowers looking to refinance.
RECENT BLOG POSTS
While a homebuyer is required to pay for the lender’s title insurance premium, the owner’s title insurance is optional to the homebuyer, and sometimes homebuyers who are looking to shave dollars off their closing costs consider opting out of the owner's title insurance policy. They may feel havin...
07/03/2012
The Consumer Financial Protection Bureau (CFPB), by mandate under Dodd-Frank, will soon change our world once again.  Just barely two years since the title and mortgage industry was turned upside-down with regulatory changes to the Truth-in-Lending Act (TILA) and the Real Estate Settlement Proced...
06/29/2012
Pending home sales in the Washington, D.C. Metro Area are nearly as high as they were two years ago when the $8,000 federal first-time homebuyer tax credit was still in effect, another sign that the market is poised for a turn-around. That's good news for sellers. More buyers hopefully means home...
06/13/2012
A ground rent refers to a scenario where an individual owns his house, but someone else owns the actual property (the “ground”). The homeowner pays the ground rent owner an annual fee, or a ground rent, as a rent on the land.   In Baltimore, this form of ownership dates back to the 18th century. ...
06/11/2012
Google "owner’s title insurance," and you will find scores of blogs and other publications scorning this misunderstood insurance product.  Frequently, at the settlement table, we hear homebuyers opine that title insurance is a "rip-off" and not worth the cost.   Most of these comments stem from a...
06/01/2012
"In this world nothing can be said to be certain, except death and taxes," Ben Franklin once famously said. Yet when it comes to taxes on real property – especially for first-time homebuyers – we find much uncertainty and confusion exists. Homebuyers should expect to pay two main types of taxes o...
05/29/2012
Too often we hear prospective homebuyers or real estate agents dismiss the need for owner’s title insurance coverage because the property is "new or in a newer development."  In fact, nothing could be further from the truth since a large percentage of title claims occur on new construction proper...
05/29/2012
As a homebuyer, you have the choice in the type of owner’s title insurance coverage. Throughout this series of comparing the two types of coverage (Standard Coverage vs. Enhanced Coverage) you have observed that the primary difference relates to matters affecting your title post-policy date and p...
11/29/2011
So you’ve just completed the purchase and closing on your new “fixer-upper” home. Now it’s time to hire an architect and spend countless hours planning for a new addition to the family room. You submit an application for your building permit. After a few weeks, your permit is denied based on a pr...
11/29/2011
In my view, the most underrated insuring provision of the Enhanced Owner’s Title Insurance Policy relates to real estate tax assessments occurring after the transfer of ownership. The Enhanced policy we offer through our underwriter First American states (as a covered risk): "A taxing authority a...
11/29/2011
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Todd Ewing

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