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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

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Purchase market will highlight closing process problems

Housing Wire

Like it or not, the most nerve-wracking part of buying or selling a home comes when the “file” heads out to the title and escrow company. Instead, the mortgage industry has been focused on its production pipeline as a historic wave of refinances engulfed lenders. But about those fulfillment, production and closing costs….

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Top Tips and Considerations For Buying Land

Realty Biz

Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. Similarly, for utilities, if the land lacks access, investigate the cost and feasibility of installation before purchasing. They know the local building industry better than larger financial institutions.

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Opinion: Title insurance is essential. Here’s why

Real Trends

While title insurance may be less understood by homebuyers, who may see it as just another fee involved in the closing process, it’s important for them to understand the many benefits title insurance provides and the dangers that can be incurred without it. Why title insurance? Low loss rates are good for consumers.

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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying.

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What your customer should know before making an offer

Real Trends

Customers understand that the property address and a brief description are part of making an offer, but agents know there’s more to making an offer than that. You should help buyers decide if they would like this premium to be part of their closing costs or if they want to roll it into their monthly mortgage payment.

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Things a Lawyer For Real Estate Does For Buyers

Realty Biz

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Lawyers do this by performing a title search. Their oversight ensures that transactions are correctly executed and recorded.