Home buyers are frequently surprised to learn that they need to have a title insurance policy in place in order to close on their home loan. In fact, if you’re using a mortgage to buy your home, a lender’s title insurance policy will be required. In addition to protecting the mortgage company, home buyers should… Read More
Gone are the days of the guaranteed 30-day closing. Though not impossible, in light of tighter mortgage regulation a 30-day closing is no longer the norm. Realistically you’re probably looking at 45 days from contract to close, and that’s without additional contingencies. Even with this extended contract period there are a number of things that… Read More
Since the post below was first published, The House has passed a version of the TRID Improvement Act of 2017. I’ve read the amendments, you can read them here, and they are indeed an improvement. It takes Congress so long to develop or improve anything that I hesitate to point out that it could use… Read More
Mortgage Closing Costs 101. It goes without saying that buying a home is a major financial investment. It is advisable that you understand how much more goes into budgeting for a new home other than monthly mortgage payments. Closing costs are one of those budget entries. Click to view “Who Pays for What?”. Closing costs… Read More
Home Buying: Think That Title Report is Trivial? Then You’ve Never Heard of Lis Pendens. When the Title Company was chosen to handle your Real Estate Transaction you probably didn’t care much who they were. You may have been blissfully unaware of their purpose or their process. In most cases, the first time a Home… Read More
2017 Sees Changes in Regulations for Title Companies. I’m very fortunate to have solid, dependable contacts in the Title industry. The folks at Pioneer Title are always willing and quick to resolve any issues I have. On the few occasions when I couldn’t get an answer immediately, they’ve researched and returned my call within a… Read More
Are Title Insurance Companies Requesting Inspections? I read the article below with great interest. In all my years in the Real Estate industry, I’ve never heard of a Title Insurance Company doing a physical inspection of the property itself, only investigating the legal history or the ‘paper trail’ of the property. I talked with my… Read More
Paradise Comes with High Closing Costs. Closing costs can change right up until the day that you close escrow. If your closing date changes, closing costs can change right along with it. Closing costs can, and do, differ in different places. Home buyers and sellers should always take estimated closing costs with a grain of… Read More
