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Chris Morton, ALTA ready to tackle title industry challenges

Housing Wire

Chris Morton has taken the helm at the American Land Title Association (ALTA) as the title insurance industry faces challenges on multiple fronts — from regulatory pressure and a slow housing market to increased cybersecurity threats. BH: What is something in the title industry that excites you right now?

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

Redfin

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. These are not tied to a mortgage but are inherent to transferring property ownership.

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What is Due Diligence in Real Estate?

Redfin

In real estate, the due diligence period is the time between an accepted offer and closing. You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. This detailed report helps identify any boundary or land issues that could cause problems later.

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Conveyance in Real Estate: Defined and Explained

Redfin

Once the property is conveyed during the closing process , it’s yours. How conveyance is used in real estate Conveyances in real estate are used to transfer real property, which is property tied to land with or without a home or structure on it. In some cases, the conveyance tax can be charged as a flat fee in the closing costs.

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What Does a Real Estate Lawyer Do?

Rochester Real Estate

Title Search and Examination Before completing a real estate transaction, verifying the property’s title is crucial to ensure it is free from any liens, encumbrances, or disputes. Real estate lawyers conduct thorough title searches to uncover property ownership rights issues. chat_bubble close How Can I Help?

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Top Frequently Asked Questions From Home Sellers

Rochester Real Estate

Other examples of market condition indicators that a top producing Realtor will provide a home seller before listing their home include market absorption rates , number of closed transactions year-over-year for a given month, average sale prices, and average list price to sale price ratios. The sale price is the price a home is sold at.

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Iowa title insurance continues to thrive under state-run model

Housing Wire

In an industry dominated by private insurers, Iowa Title Guaranty (ITG) continues to operate as a state-run, not-for-profit title system that gives homebuyers a more affordable avenue for settlement services. Iowa bans private commercial title insurance in favor of its unique state-backed model.