article thumbnail

Punctual Abstract acquires Slade Title Research

Housing Wire

According to Punctual Abstract, the company, which was founded in 1993, typically provides abstracts within 24 to 48 hours from the start of the title search. of the market controlled by the “Big Four” away it will need to continue to develop these assets. If the company hopes to wrestle any share of the 80.3%

Title 391
article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

Title insurance is different than most other insurance products. There are also strict guidelines for the way title and settlement fees are disclosed to consumers and when changed circumstances allow for alterations to the disclosures. The buyers purchased title insurance, which turned out to be an excellent investment.

Title 464
Insiders

Sign Up for our Newsletter

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

article thumbnail

Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

Ask your title company who pays in your area and if a discount is available. It’s also important to note that the cost for title insurance may include other services provided by the title company such as the title search or conducting the closing.

Title 493
article thumbnail

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

Housing Wire

How does a title search ensure the property is being sold without liens or encumbrances? A clear title is crucial to ensure a seamless transaction, and a title search helps to address any potential issues before closing. Rachel Luna is the agency development manager at Patriot Title.

article thumbnail

Biden tax credit to rehab homes is finally unveiled

Housing Wire

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one?

article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. Professionals conduct the search and examine documents, with title companies regularly providing a discount, or “reissue rate” on a refinance.

Title 506
article thumbnail

SoftPro names Gorkem Kuterdem CTO

Housing Wire

” In his new role at SoftPro, Kuterdem will focus on long-term research and development strategies. Tools now exist that connect data sources, enabling title reports to be quickly delivered.

Title 370