Are you thinking about buying a foreclosed property? Here are 14 things you should know
Sales due to foreclosures happen when a homeowner falls into debt—and their home used as collateral—or when they fall behind on their mortgage payments to the point where the lender decides to pursue legal action. There are different processes through which a house can be put up for foreclosure. Depending on the state, a lender can foreclose wi…
A Step by Step Guide of What to Do Once You’ve Signed a Purchase Agreement
You’ve found your dream home, placed an offer, and it has been accepted…but what comes next? Unless you’ve bought a house before, you probably have no idea what goes on during a real estate closing. There is a lot of paperwork involved in the process of buying a house, from the moment you start shopping around and choose a realtor to the minute …
The 27 Most Common Questions People Ask Title and Escrow Service Providers in Florida
Buying a home involves a lot of people and paperwork and it’s normal for many questions to arise throughout the process. Below you will find the answers to the most frequently asked questions we get from our satisfied customers. About Title Insurance What is title insurance? In a real estate transaction, title insura…
Reasons Why a Buyer Can Back out of a Purchase Agreement and Its Potential Consequences
There are many reasons why a buyer might decide to back out of purchasing a house, even after an agreement has been signed. It might be due to unexpected circumstances or because the purchase agreement contingencies were not met in a timely manner. Whatever the reason, depending on the contract that the buyer has signed (if any), there might …
Innovative Title and Escrow Software Used in Real Estate: Advantages and Disadvantages
In 2000, The Electronic Signatures in Global and National Commerce Act was passed. This law recognized that signatures and contracts would not be deemed illegal, invalid, or non-enforceable if they were only in electronic form. This basically means that the law should give equal treatment to electronic and traditional signatures, including in re…
10 Tips from Our Title and Escrow Company If You Are Trying to Sell Your Home by Yourself
For sale by owner, also known as FSBO, is when a person decides to sell their property without seeking the help of a real estate agent. For many people, this decision comes after learning how much money they will have to forgo in commissions as a result of an agent selling their home. Deciding to sell your home yourself can potentially save you …
10 Tips from Our Title and Escrow Company If You Are Trying to Sell Your Home by Yourself
For sale by owner, also known as FSBO, is when a person decides to sell their property without seeking the help of a real estate agent. For many people, this decision comes after learning how much money they will have to forgo in commissions as a result of an agent selling their home. Deciding to sell your home yourself can potentially save you …
Understanding Your Rights When Submitting a Loan Application: The TILA-RESPA Integrated Disclosures (TRID) Rules
The Truth in Lending Act, TILA, was enacted in the late 60’s to protect consumers dealing with lenders and creditors. The Federal Reserve Board was responsible for implementing this law, whose most crucial aspect involved the type of information that needed to be disclosed to a loan applicant before issuing a credit, for example, the annual perc…
Understanding Your Rights When Submitting a Loan Application: The TILA-RESPA Integrated Disclosures (TRID) Rules
The Truth in Lending Act, TILA, was enacted in the late 60’s to protect consumers dealing with lenders and creditors. The Federal Reserve Board was responsible for implementing this law, whose most crucial aspect involved the type of information that needed to be disclosed to a loan applicant before issuing a credit, for example, the annual perc…
Types of Liens, Their Origin and Potential Consequences When Buying or Selling a Property
In a previous blog post: What Is a Title Lien and How Can a Title Company Help Protect Your Real Estate Investment?, we discussed what a title lien is and briefly mentioned the different types of liens that can affect a property’s title. In this entry, we’ve decided to expand on the topic and talk about the different types of liens, their origi…