Notary Publics And The Service They Provide
Notary publics are invisible in many transactions. Yet, without them, the transaction may never take place. Ensuring legalities are followed, making sure the right people sign documents in the right place and that they are not signing under duress, make notaries important contributors to many business and personal dealings. If you’ve ever wondered what kinds of services notaries provide, you’ve come to the right place. Read on for a brief synopsis of their more commonly provided services. Read the rest of this entry
Unlike most other types of insurance, you pay a one-time premium at the time of your home purchase for coverage that continues as long as you or your heirs own the property. Depending on where you live, the cost of an owner’s policy is marginal when a lender’s policy is also being issued. This “simultaneous issue” discount means you do not pay full premium for owner’s and lender’s policies. You may even split settlement costs with the seller for the lender or owner’s policy. Depending on the state, rates are set by the state’s Department of Insurance or by the companies themselves. Consumers should ask their local title company how rates are determined and what services are included in the rate for where they live. Read the rest of this entry
Title insurance is one of the more expensive elements of a home purchase or mortgage refinance and everyone hates paying for it. Some folks even argue that in today’s age of computer-stored records, title insurance isn’t really necessary. Unlike car insurance or home insurance, very few people know even a single person who has collected on a title insurance policy. However, the robo-signing scandal and the explosion of mortgage fraud make it clear that–given the reliance on computer data–title insurance is more necessary than ever. Read the rest of this entry
Who would have believed there was so much to do or remember??
If there is a power of attorney for either party, the buyer or seller, notify the title company as soon as possible. They need to review the power of attorney for accuracy and durability. Read the rest of this entry