title: Why you need Title Insurance now more than ever
- 10/30/08 08:50 AM
Lately we have been inundated with reports of real estate foreclosure auctions, short sales, distressed property and seized property sales. If you are contemplating purchasing real estate through one of these means you should consider the many pitfalls that you may encounter. Of utmost importance is that you secure a clear title to the property that you are purchasing. In order to accomplish this, it is necessary to purchase title insurance. There are two types of title insurance, Owners coverage, and Lenders protection. Owner's title insurance ordinarily is issued in the amount of the real estate purchase and lasts as long … (0 comments)
title: Who pays what cost in a real estate transaction?
- 09/10/08 11:57 AM
One question that I am frequently asked by clients is: which services are they expected to pay upon the closing of a real estate transaction? While the answers vary and most expenses are negotiable the following table indicates who customarily pays for the service. The table includes three categories Cash sale, Federal Housing Authority (FHA), and conventional loans. There may be other cost that are not included, however the list includes the most common real estate, loan and title fees that are incurred in a real estate sale. I have purposely excluded Veterans Administration guaranteed (VA) loans from the table as … (0 comments)
Lately we have been inundated with reports of real estate foreclosure auctions, short sales, distressed property and seized property sales. If you are contemplating purchasing real estate through one of these means you should consider the many pitfalls that you may encounter. Of utmost importance is that you secure a clear title to the property that you are purchasing. In order to accomplish this, it is necessary to purchase title insurance. There are two types of title insurance, Owners coverage, and Lenders protection. ;)
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