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 […]
The Role Of A Title Insurance Underwriter
An underwriter is someone that authorizes its agents to write title insurance policies. They are the ones who assume the financial risk and ensure the property against insurable defects. If any undiscovered legal issues ever arise, a title insurance underwriter will defend the power of the title policy. What Title Insurance Writers Look For Errors […]
What Is a Mechanic’s Lien?
A mechanic’s lien is a legal claim against a property that has been remodeled or improved. Mechanic’s liens are legal documents that reserve the rights of the filer to seek unpaid compensation. Typically, mechanics liens are usually filed by contractors, subcontractors, or suppliers if they have never received payment for the work they performed or […]
Title Insurance For Homebuyers
Ensure All Your Clients Are Protected As a real estate agent, you’re always aware of the sometimes overwhelming pressures your clients experience when purchasing a home. It is very common for a client to experience frustration and confusion associated with the heaps of paperwork that must be signed. Many buyers are also unaware of all […]