The only way to ensure that the title on your new house is clean is to have a title company run a title search. During this process, they will uncover any discrepancies with the title so that they are able to be resolved. Even then there is no guarantee that things that are not of […]
The Importance Of A Mechanic’s Lien Claim For Contractors
If you are a contractor, subcontractor, or supplier, a mechanic’s liens can be a valuable way for you to ensure that you receive proper compensation for any work or supplies you provide to a home. A mechanics lien is a legal claim against a property that has been remodeled or improved. They are legal documents […]
Closing Costs: What You Need to Know
Mortgage settlement is also referred to as closing. It is when the home buyer, seller, title services company representative, and lender meet to change hands of the property and funds legally. There are also many fees that are associated with closing known as closing costs. What exactly these fees are and who is expected to […]
Title Escrow & Title Closing: The Basics
The Appraisal Once you have made an offer on the house and have paid an earnest money deposit, the next step is going to be shopping for a mortgage lender through the title escrow process. When you’re applying for a mortgage, the lender is going to order an appraisal on the property. This appraisal is […]
What Every Realtor Should Know About Owner’s Title Insurance
Buying a home is an important financial decision. During the purchasing process, many new home buyers have a flood of questions running through their minds like, “Am I choosing the right house?”, “ What other expenses should I be considering?”, “ What types of Insurance coverages do I need?” Owner’s title insurance is a step […]