Remove Closing costs Remove Land Remove Title search
article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

Title insurance is different than most other insurance products. Title insurers’ upfront, curative work involved in a title search is critical to help reduce risk of claims. Much of the expense is invested in the efforts of land title professionals to review the title and purchase title data from local governments.

Title 473
article thumbnail

Opinion: How the title industry protects homeowners

Housing Wire

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies.

Title 450
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Title 433
article thumbnail

Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

Title 384
article thumbnail

Are There Closing Costs if You Pay Cash for a House? Yes: Here’s What to Expect

Redfin

Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. However, this is a common misconception.The truth is, even when you pay cash for a house, closing costs are a fundamental part of the transaction. This is a vital safeguard for your investment.

article thumbnail

The title insurance industry prepares for battle

Housing Wire

Prior to the advent of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens of encumbrances of others for which the buyer would be responsible for.

Title 491
article thumbnail

Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 128