The Advantages of Refinancing Your Mortgage
A home is one of the biggest assets you can have in life, and like most significant assets, you can rely on it in times of financial need. One way to take advantage of your home equity is by a home mortgage refinance program or refinancing. Refinancing is the process of getting a new mortgage […]
How to Avoid Ownership Issues Stemming from Defective Titles or Title Defects
A title is more than just a document; it is also a powerful instrument that bestows the ownership of a property to an individual or entity. A property can only be sold when it has a clean title, or one that’s free from liens and encumbrances. Before a seller can transfer the title to the […]
Demystifying Title Insurance: A Beginner’s Guide
In buying or selling a home in Washington, D.C., one of the most important steps to accomplish is obtaining title insurance. Title insurance provides the lender and the homeowner with legal and financial coverage should issues with the property’s title arise after closing. Unlike homeowners insurance which covers possible future events, title insurance protects homeowners […]
The Key Differences Between Residential and Commercial Settlements
Real estate transactions vary with the type and classification of a given property. Here are the main differences between residential and commercial conveyancing in the DMV area. Differences between residential and commercial transactions Conveyancing refers to the process of transferring property from one owner to the next. It covers a set of administrative and legal […]
Title Examination: What is it and Why is it Important?
When buying a home, you may encounter problems if the seller doesn’t have a clear title, or if there are outstanding payments, claims, or other issues attached to the title of the property. A title search and examination will help identify defects and reduce the risk of title issues. What is a Title Examination? A […]
Who Holds Your Earnest Money Deposit And How Escrow Works
Escrow provides security and reassurance to both parties in a real estate transaction. It can help protect you from non-fulfillment of conditions by the counterparty in a sale. Here’s what you need to know about the benefits of escrow. What is Escrow? Escrow refers to an arrangement in which a neutral party – usually an […]
The difference between owner’s and lender’s title insurance and why they’re both important
Picture this: you’re almost done with your home purchase. You can see the finish line and you’ve started making arrangements for your move. But before closing, an unexpected hurdle presented itself. The home’s title was found to be defective. It needs to be resolved first before the transaction can proceed. What do you do and […]
How title insurance can protect your new home from defects and other issues
For the unfamiliar, title insurance is just another piece of paper, an additional expense on top of the standard homebuying fees. But the benefits it offers are wide ranging and worth every penny. Read on to learn how title insurance protects buyers like you. Table of Content How Title Insurance Protects Homebuyers Coverage Areas Of […]
The benefits of title insurance for homebuyers
Buying a home involves a lot of paperwork. You’ll be collecting plenty of documents, from receipts and manuals to legally binding contracts. One of the most important pieces of paper that will be in your safekeeping, however, is the title insurance. It’s your shield as well as savior should any issues arise regarding the property’s […]
Why Do You Need Owner’s Title Insurance Coverage?
Even the most meticulous title search may fail to uncover liens not reflected in public records as well as valid but undisclosed claims against the property’s title. This is where homeowners’ title insurance comes in – it is meant to protect the buyer’s interests, allowing homeowners to transfer a property’s title despite any uncertainty. Why […]
What is the Role of a Title Company in a Real Estate Transaction?
When entering escrow, real estate clients should work with a reliable and experienced team to protect their interests. Here’s what you need to know about the roles and responsibilities of an escrow company when buying property. What Is The Role Of A Title And Escrow Company In Real Estate? During escrow, the homebuyer puts down […]
Avoid Common Home Title Issues with a Title Search
Most existing homes have a history that only a title property search can uncover. Working with a home title company will help protect you from potential issues before you close the deal – here’s how. What is the role of a title company in real estate? A title company is one of the most important, […]