texas title company: Helping Our Clients in All Ways Possible...
- 01/18/11 12:44 PM
Much of our time here at Texas Homeland Title is spent in what we like to call "consultation" with our clients on their real estate title issues. While we love the deals that come into the office that open and close without a hitch, the real estate title business, at least ours here at Texas Homeland, is much more than a conveyor belt of real estate contracts opening and closing, opening and closing. opening and closing.
Rather, our business is about helping our clients in all ways possible. (As I've written before, our clients are real estate brokers, loan officers, … (0 comments)
texas title company: Why the Confusion Over Escrow Fees?
- 12/27/10 04:20 PM
A common source of confusion in the title business in Texas is the Escrow Fee. Upon presenting the settlement statement, we often hear a buyer ask a question like, “I’m not escrowing, so why am I paying an Escrow Fee?”
The buyer has recognized the word “escrow” as it applies to mortgage lending, i.e., paying a portion of the yearly property taxes and hazard insurance premium each month along with the principal and interest to the lender for the lender to hold in its escrow account so that it can pay those bills at the end of the year on … (6 comments)
texas title company: Texas : Montgomery County : Conroe : Introducing the "Texas Real Estate Lawman!"
- 12/27/10 05:46 AM
It is always nice when a customer thinks enough of you to go out and shout your name from the rooftops. We are happy that to have real estate agent clients like Mari Montgomery of www.ConroeHuntsvilleHomes.com! In her blog below, she let her readers know about Texas Homeland Title, and the "Texas Real Estate Lawman" to whom she refers is yours truly. I kind of like that, and may adopt that as my new moniker. Thanks, Mari.
Texas : Montgomery County : Conroe : Introducing the "Texas Real Estate Lawman !"
There is a New Sheriff in Town, Lawman … (1 comments)
texas title company: A Big Ol' Holiday Thank You to Our Clients...
- 12/16/10 03:01 AM
At Texas Homeland Title, we have "Customers" -- buyers, sellers, and refinancing homeowners -- and "Clients" - business referral sources like Realtors and loan officers. Our Customers pay our fees and trust that in return we will do a good job in closing their real estate transaction. While we do sometimes close the same Customers more than once, more often than not we communicate with Customers for a limited period of time during the processing of their file, and then we see them at the closing table. It is typically (though not always) a relatively short-term relationship, during which we have … (4 comments)
texas title company: Release of lien should be filed upon loan payoff...
- 12/12/10 03:04 AM
When a homeowner refinances a purchase money loan using a home equity loan, and the purchase money loan is going to be paid off in its entirety upon closing the home equity loan, the title company closing the new loan is supposed to see to it that a Release of Lien is filed of record. The Release of Lien gives to the public that the original purchase money loan is paid off. Without the Release on file, the homeowner will almost certainly run into delays when he decides to put the home up for sale in the future. What usually happens … (1 comments)
texas title company: Still time to close before the end of the year....
- 12/12/10 03:01 AM
Its Sunday, December 12th. You were hoping to buy a new home in 2010, but you got too busy and couldn’t make it happen. So you’ll wait until next year. But why wait? Buying a home doesn’t have to take as long as you might think. In fact at my title company, Texas Homeland Title, we routinely close home purchases within only a few days. Of course, these are usually cash purchases, where the buyer is simply writing a check for the whole purchase price plus closing costs. But what if you’re like most of us, and you actually have to … (1 comments)
texas title company: Sometimes title is simply not insurable...
- 12/11/10 04:18 PM
Realtors are used to taking every contract into their favorite title company, opening title, and, in a few weeks, coming to the closing table and collecting a nice commission check. This is the process, and its a good one. But on occasion, this process is halted, there is no trip to the closing table, and no commission check. Sometimes, you see, title is not insurable. Recently, a Realtor came into our office to see if we could close a contract that had been returned to her by her regular title company. After weeks in the hands of this other title company, … (2 comments)
texas title company: What is title insurance underwriting?
- 12/11/10 04:02 PM
Title insurance is among the least understood portions of the real estate transaction process. And the underwriting process is probably the least understood portion of the title business. What makes it so confusing is that the words “underwriting” and “underwriter” can be used in so many different ways. So lets take a quick look at just what exactly title insurance underwriting is. The term “title insurance underwriter” can mean two things. It can mean a title insurance company itself. Or, it can mean an attorney who makes underwriting decisions on behalf of a title company, also known as underwriting counsel. To … (1 comments)
texas title company: Why do title companies update the title commitment just before closing?
- 12/11/10 03:58 PM
Friday at InHouse Title Company we had the buyers of a condo in Houston come in to sign docs. They brought their money, which we depositited in our escrow account. We also received the loan funds by wire transfer into escrow. Title had only been opened approximately two weeks prior, so it was a bit of a rush job. But we were ready, the lender was ready, the buyers were ready, and the seller was ready. Problem was, we couldn’t get the seller’s loan payoff statement. It was to arrive that day, but it did not. So, we postponed the seller … (3 comments)
Much of our time here at Texas Homeland Title is spent in what we like to call "consultation" with our clients on their real estate title issues. While we love the deals that come into the office that open and close without a hitch, the real estate title business, at least ours here at Texas Homeland, is much more than a conveyor belt of real estate contracts opening and closing, opening and closing. opening and closing.
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