title insurance: How old were you when you purchased your first house? - 06/21/12 02:11 AM
I saw an interesting Facebook post asking the question, “How old were you when you purchased your first house?” Interesting question when you come to think about the demographics of the individuals looking to purchase their first house and the demographics of the Real Estate Professionals who are selling the house.
What is the age of the current first time home buyer and how do they utilize technology? Text and don’t answer their phones? Use Social Media like Facebook to communicate rather than email? Use Instagram or Pinterest with all the photo and video capability? Rely on testimonials, references or referrals from … (5 comments)

title insurance: What Do You Want From Your Title Insurance Company Regarding Short Sales? - 12/03/11 12:25 PM
Many look at Title Insurance Companies as the same between all the underwriter's you have a choice to offer your clients.  Title Insurance isn't just Title Insurance -- there is a lot that can be done behind the scenes to better communicate and alert you as an agent to problems with the individual person or property your attempting to close.
What does your Title Company or Title Agency do for you to assist you with closing Short Sales?
Does your Title Company do anything different for you as an agent?  
Do they offer an increased level of communication as … (4 comments)

title insurance: Title Insurance -- Short Sale Assistance with First American Title Insurance San Diego - 08/29/11 05:05 AM
Are you in the dark about Short Sales and Title Issues?  First American Title can shine the light on issues that might delay your closing.  Our goal is to be proactive by monitoring your Short Sale files and reduce the risk of title issues delaying the close of your escrow.
How many times have you worked a transaction for months and at the last minute items are discovered that affect title that complicate the process and even delays the closing?
We have implemented a NEW Short Sale Assistance Department with specific tracking tools that allow our Title Sales Professionals to work … (3 comments)

title insurance: Why are there separate title policies for owners and lenders? - 08/22/10 03:26 AM
There are two types of title insurance: owner's title insurance, called an Owner's Policy, and lender's title insurance, called a Loan Policy. Most lenders require a Loan Policy when they issue you a loan. The Loan Policy is usually based on the dollar amount of your loan. It only protects the lender's interests in the property should a problem with the title arise. It does not protect the buyer. The policy amount decreases as you pay down your loan and eventually disappears as the loan is paid off. An Owner's Policy is usually issued in the amount of the real estate … (4 comments)

title insurance: Q & A About Title Insurance - 08/22/10 03:16 AM
Understand what Title Insurance is so you can better communicate with the consumer the need for title insurance when working with the buyer of a home.  Reach out to a Title Professional if you have more questions. Q: What is title insurance?
A: An insurance policy--protecting against loss should the condition of title to land be other than as insured.
Q: Why do I need title insurance?
A: When you buy a home, or any property for that matter, you expect to enjoy certain benefits from ownership. For example, you expect to be able to occupy and use the property as … (1 comments)

title insurance: 70+ Ways To Lose Your Property From First American Title San Diego - 08/22/10 03:06 AM
Here are over 70 Ways you could lose your property and why you need Title Insurance when purchasing a home.  This is good reference material when discussing with consumers why they need the insurance and what the expense of the policy covers. Pay particular attention to the last few that are covered by the BEST policy -- our First American Title San Diego Eagle Policy.
You 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 … (3 comments)

title insurance: Target Farming Yields a Higher Return on Your TIME and Money - 08/21/10 04:30 PM
Title Insurance Companies like First American Title Insurance Company in San Diego can provide Real Estate Professionals with valuable home owner data in a geographical area called a Farm. One helpful way the title insurance company can provide data is by applying filters.  For example, a mailing to a non-owner occupied residence might be considered a waste of your money if you specifically want to target the owner.  Targeting the Non-Owner occupied is going after the investor that may or may not live in the area.
Another useful filter is applying how long they have lived in the home -- you … (8 comments)

title insurance: All Title Insurance Policies Are Not The Same - Western Regional Exceptions - 08/15/10 12:01 PM
First American Title of San Diego knows that The future is in your hands Your clients count on you to guide them through the real estate process.
Your clients may no know that all title policies are not the same.  No matter what is written on the purchase contract, not all title companies provide the maximum coverage.
You are not a title expert.  What can you do to represent your clients properly while they are purchasing a residential property (1-4 units)?
1.  Request the broadest coverage - the ALTA/CLTA Homeowner's Policy (the key word here is "Homeowner's) WITHOUT WESTERN REGIONAL EXCEPTIONS.  … (1 comments)

title insurance: CA Dept of Insurance settles with Advantage Title over alleged illegal rebating - 03/23/10 05:27 AM
Commission Poizner issues press release on March 18th -- California has VERY strict guidelines and standards on what a Title Company can do when it comes to their marketing efforts. In this case -- the Title Representatives are having their license to sell title insurance for 15 days.
The text follows of the press release issued
You can access the department's Communications Office Web page by clicking here.
Insurance Commissioner Steve Poizner today announced that he has reached an agreement with an underwritten title company and two of … (0 comments)

title insurance: Second Title Rep Suspended in a week in CA by Department of Insurance - 06/08/09 09:59 PM
SB133 legislation has zeor tolerance for title professionals providing any value to real estate professionals in California.  This is the second action taken against smaller title companies in California but a wake up call for the Title Rep and the Real Estate Professionals involved. NEWS RELEASE
Commissioner Poizner Announces More Disciplinary Actions Under New Title Insurance Law
Second Suspension Taken Against a Title Marketing Representative This Week
Continuing his efforts to crack down on illegal title marketing practices, Insurance Commissioner Steve Poizner announced today that the Department of Insurance has reached an agreement with Carmen Rojo and her employer Nations Title … (34 comments)

title insurance: California Department of Insurance endorses Title Wizard for rate comparisons - 06/08/09 06:05 PM
Title Insurance rates are regulated by most states and their Department of Insurance departments.
A title policy is a title policy, rates are rates and what differentiates a title company is the level of service, support and expertise to close those difficult transactions AND have the financial resources behind them to back up any claim that may be processed.
California's Department of Insurance promotes to the consumer the ability for them to comparison shop for rates.
Commissioner Poizner advises consumers that they have a choice when it comes to which title company to use. Prices can vary and consumers can compare … (0 comments)

title insurance: California Department of Insurance Cracking Down on Title Reps -- SB133 enforcement action - 06/08/09 01:19 PM
The California Department of Insurance is serious about complying with SB133 legislation where NO value may be give to real estate professionals.  Here is one of their current press releases.
Commissioner Poizner Announces More Disciplinary Actions Under New Title Insurance Law
Second Suspension Taken Against a Title Marketing Representative This Week
Continuing his efforts to crack down on illegal title marketing practices, Insurance Commissioner Steve Poizner announced today that the Department of Insurance has reached an agreement with Carmen Rojo and her employer Nations Title Company of California to resolve allegations of illegal rebating activities.
"Illegal rebates drive up … (3 comments)

title insurance: CA Dept of Insurance to Limit Marketing Payments to $25 per YEAR! - 08/03/08 08:47 PM
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.
"Improper kickbacks and other excessive marketing costs are being passed directly onto the consumers," said Insurance Commissioner Poizner. "These reforms will limit the amount spent by title insurance marketing representatives to $25 per person per year, eliminating abuses and excess costs in the system. I expect that these savings will be passed on … (1 comments)

title insurance: Quick comparison tools for Title Insurance Rate quotes - 08/03/08 07:40 PM
There are a couple of good sites to assist you working with Title Insurance Companies.  I just found Title.com that will show you where the Fidelity National Title, Chicago Title, Ticor Title or Security Union title companies locations and you can get a confirmed rate quote for your transaction.  You now don't have to guess or look up in a rate manual or fee schedule the cost.  Simple to use.
California has "posted rates" that title insurance companies must charge and not deviate from.  Here is a site that will look up all the title companies and compare the rate -- nice tool … (7 comments)

title insurance: Get an accurate, quick quote for title insurance over the Internet - 07/16/08 05:05 PM
Get a title insurance quote instantly at Title.com.  The site will show you what title insurance company and what the rate is for the purchase or refinance transaction.  Easy tool to use to get the quote when you needed 24/7
Make it a profitable day!
Scott Hoen