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TRG conducts layoffs focused on Doma employees, sources say

Housing Wire

The layoffs appear to be part of a broader workforce reduction focused on staff working with independent agents, including sales, audit and support roles, the sources added. The cash sale officially closed in late September. This deal was soon followed by the sales of Domas title operations in Texas to Capital Title of Texas, LLC.,

Title 364
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12 Typical Closing Costs for Seller in Alabama

HomeLight

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

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Biden tax credit to rehab homes is finally unveiled

Housing Wire

How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

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

Housing Wire

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. Another benefit of title and escrow is that they streamline the real estate transaction process.

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Efficiency and innovation: Nancy Alley on ICE’s shift away from SDKs

Housing Wire

Our partners are using our technology to offer an incredible range of innovative solutions, including cost-effective title search services, helping to match borrowers with eligible down payment assistance programs, and support for specialty loan programs, among others.

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DataTrace’s TitleIQ leverages automation to reduce human error and further streamline processes

Housing Wire

This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer. DataTrace delivers advanced real estate data and title search technology and automated examination and production solutions used by leading title and settlement service companies.

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Title Search: Your Ticket to Finding Liens on Your Property

HomeLight

Open liens could affect your home sale because a new owner would become responsible for the property debt if you transfer title without clearing the lien. Also, a title insurance company will exclude coverage for any liens that cloud, or negatively affect, the property’s title. How a professional title search works.