Blog Archives

Title Insurance Vital to Protecting Homebuyers – Part III

*Part III

The majority of the one-time title insurance premium covers the cost to discover, identify and repair issues caused by events that occurred in the past. Because of these preventive measures, title insurance is fundamentally different from all other forms of insurance, which charge annual premiums to provide insurance protection for future events. The curative work performed by title agents minimizes the fear, disruption and distress that title claims have on homeowners. Read the rest of this entry

Title Insurance Vital to Protecting Homebuyers – Part II

*Part II

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

SIMPLE BUYER Q and A – to help with closing

Closing Property GuidingWho will call me to schedule an appointment for my closing?

Normally the title company will call you. However, sometimes your real estate agent will call to make arrangements for your signing.

When can you tell me the amount of funds required to close?

Upon receipt of your loan documents, the title company will contact your real estate agent and/or you to let you know the amount of funds you will need for closing. Read the rest of this entry