Why You Should Choose Your Own Title Insurance Company When Buying a Home

Many people are unaware that they have a choice in title companies when they go to buy a home. There are some significant advantages to shopping around and choosing your own title company to work with. In this article, we will explore why and how to choose your own title insurance company when buying a house.   When shopping around and selecting a title insurance, you should look for expertise, value, and service.   Expertise Title insurance companies may be operated by attorneys or non-attorneys and this is an important distinction. If you choose to work with a title insurance
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How to Invest in Real Estate Opportunity Zones

The Tax Cuts and Jobs Act of 2017 ushered in sweeping changes to the Internal Revenue Code, and the Opportunity Zone program is one of the law’s most exciting components.  The following is a brief examination of how to invest in Opportunity Zones.   What Exactly Is an Opportunity Zone? The IRS describes Opportunity Zones as economically distressed communities in which new investments may be eligible to receive preferential tax benefits.  The first Opportunity Zones were created in April 2018, and they now exist in 50 states, D.C., and five U.S. territories.   What are the Benefits of Investing in
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How to File a Claim With Your Title Insurer

An owner’s policy of title insurance provides the homeowner peace of mind about their legal rights to real property.   If you have a question or concern about your rights, promptly notify the title insurance company whose name appears on the title policy. The title policy includes instructions for contacting the title insurer. This information is usually at the end of the “Conditions and Stipulations” section within the policy.   Unable to locate your policy or unsure whether you purchased a policy?   Contact the title company, title agent, settlement agent or attorney that handled your purchase and inquire about
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Title Insurance Provides Needed Protection When Refinancing Mortgages

  Title insurance is essential to protect homeowners and lenders against any problems affecting the title to a home. Whether a consumer is purchasing a new or existing home, or refinancing, title insurance provides an underwriting service to mortgage lenders to ensure the borrower has clear ownership rights to the property, free and clear of any other claims to ownership.   When you refinance you are obtaining a new loan, even if you stay with your original lender. Lenders will usually require a new title search and loan policy to protect their investment in the property. Homeowners don’t need to
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Home Closing Checklist

Closing Checklist Here’s a list of actions to prepare for your closing and the items to bring with you. 1 Determine who will conduct your closing, and when and where it’s scheduled.   2 Since the closing process varies by state, ask the person conducting your closing what to expect. Things to ask: What do I need to bring to closing? How much money do I need to bring to closing? How do I pay? What if I decide to back out of the deal?  3 Review Your Closing Disclosure By law, you must receive a five-page Closing Disclosure  at
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Closing Time: 6 Steps Every Homebuyer Should Expect

  Your long home-buying journey is almost over. You found the home you love, the seller agreed to your offer and now it’s time for closing. Of course, there’s a lot to think about right now, and the last thing you want is something­ to go wrong. So make sure you work with an experienced closing agent to help ensure the details come together and everything runs smoothly.   As soon as the seller accepts your offer, the behind-the-scenes work begins. You can expect closing to happen within 30 to 90 days.    1.   Select a Closing Agent If you
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Get an Owner’s Policy to Protect Your Property Rights

  New homeowners want to focus on buying new furniture for the living room or painting walls, not worrying about having to pay a bill left behind by a previous owner.   Lenders require a title insurance policy to protect their investment. You should have a policy to protect your investment as well. For a one-time fee paid at closing, an owner’s policy can protect your property rights for as long as you or your heirs own the property.   An owner’s policy protects you from:   Unpaid mortgages Unpaid property taxes Child support liens Missing heirs who could claim
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