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Opinion: What you need to know for a successful real estate transaction

Housing Wire

As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. So why are title and escrow so important? Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected.

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Purchase market will highlight closing process problems

Housing Wire

But now that it’s all but certain we are coming into a true purchase market, the unknown and uncertainty that is the period prior to close will once again come under more scrutiny. With a purchase market, of course, comes higher production costs and weaker margins. Let’s admit it.

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As title insurance volume shrinks, workers take on more tasks

Housing Wire

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

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How borrowers can stay afloat with home equity products during difficult economic times

Housing Wire

What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? Identifies Any Title Problems : Searches the property’s chain of title to identify any potential problems that may slow down the sale of the property.

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With new CEO in tow, Proper Title plans national expansion

Housing Wire

Judd Hoffman has been hired as chief executive officer for Proper Title LLC , an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. How hybrid title and valuations help increase lending efficiency. Its sales volume was $16.4 And they’re in expansion mode.

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Stewart says business is getting back to normal

Housing Wire

It is no secret that 2021 posed a variety of challenges for the title insurance industry. Contributing to this increase in revenue was a 28% year-over-year decrease in title loss expense to $13.1 million, which the company attributed to favorable claims experience which was partially offset by higher title revenues.

Title 360
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The appraisal gap is complicating deals across the country

Housing Wire

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.