Blog Archives

“Independent” Insurance Adjusters: Do not be fooled!

“Independent” Insurance Adjusters: Do not be fooled!

In last week’s article, we discussed having a dispute with your own insurance company regarding payment of a property damage claim. This week, we will continue the topic and talk about who assesses the damage to begin with. Today, we will discuss insurance adjusters, their role, and where their allegiance’s lie. Read the rest of this entry

Who Typically Pays For What At The Closing?

Below I have compiled a list of what is typically paid by each party in a real estate transaction. Depending on what county you are in will depend on who pays for these fees. This information may assist you in knowing what fees are involved when negotiating your real estate transaction.closing costs property guiding Read the rest of this entry

ESTOPPELS

ESTOPPELS

Estoppel, what a funny word, but in Title Insurance, it is a word that is used and needed to get you to the closing table!

What exactly is an estoppel? An estoppel letter is typically used in a transfer or conveyance of real property before the Closing transaction. It is a document sent to a homeowners’ association (or condo association), to a city/municipality, or a tenant requesting a payoff of a mortgage, assessments or taxes due, or rental amounts due on a lease, to incorporate these amounts into the Settlement Statement for the buyer and seller of the real estate. It certifies the conditions that must be met by the title company to make sure that nothing is due and owing to the appropriate place at the time of closing. Read the rest of this entry