Common insurance policies, such as health insurance and auto insurance, are designed to protect insureds against future damages and costs. Whereas title insurance policies are designed to protect insureds against previous damages and costs associated with the title of a property. When acquiring title insurance, a thorough title search of the property is conducted by […]
How Do I Know If The Title To My New Home Is Clean?
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 lien 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 mechanic’s 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 […]