Protecting Your Home With an Owner’s Policy There are two types of title insurance. The first is owner’s title insurance, called an Owner’s Policy. The second is lender’s title insurance, called a Loan Policy. To start, most lenders require a Loan Policy when they issue you a loan. The base amount of this policy is the dollar amount of your loan. It only protects the
Introduction
Residential clients are a huge part of the title industry and our business. We want to provide current and potential customers with as much information as possible. That being said, we have a lot of great articles geared toward those with real estate and settlement needs. Take a look around!
What We Have to Offer
To start, we have a great selection of article on our blog targeted for residential customers. First, we have a great topics guide about title insurance that is for readers who have general questions about title insurance.
After that, you may want to brush up on your mortgage terms. Hey, settlements can be confusing, and we want to take the stress and hassle out of them for residential real estate clients.
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Also, if you have questions or comments, drop us a line on our contact page! We are always happy to help and see what we can do for you with your real estate and settlement needs.
Conclusion
Finally, residential customers, we want to help YOU. One last page you must visit on our site is our Downloadable Resources page. You will find a TON of handouts and handy information that will aid you through preparing to selling your home to getting to the settlement table.
To conclude, we are here to help, and encourage you to explore the resources we have to offer on our website.
Cash Purchases and Title Insurance: Is It Needed?
March 19, 2019 / Categories: Title InsuranceThe Value of Title Insurance for the Cash Purchaser Owner’s Coverage – An Essential Option Here’s the story of a real claim from one of our underwriters. It stresses the importance of always purchasing an Owner’s Policy of title insurance with cash purchases. Yes, cash purchases and title insurance go together and need to go together! Claim Summary Facts For example, a $1.2 million owner’s
Lincoln Lost His Home Twice!
March 19, 2019 / Categories: Articles, Residential, Title Insurance, VideosLincoln Lost His Home Twice Because of Title Defects Losing a home is a cruel thing, but life can be cruel—even to those destined for greatness. Abraham Lincoln was born in a meager, one-room cabin on the Big South Fork of Nolin’s Creek near Hodgenville, Kentucky. It had a dirt floor, one window, and a sticky-clay chimney. Lincoln’s father, Tom, had paid $200 for the
Understanding Escrow Accounts and The Closing Process
February 13, 2019 / Categories: Realtors, ResidentialEscrow Accounts and The Closing Process Escrow accounts are an essential part of the closing process in real estate. A contract may require the buyer to provide an earnest money deposit as to show the seller their sincerity in purchasing a property. To start, the escrow account holds fund in an account established by a closing agent or attorney, and then funds are then disbursed
Learn About Owner’s Policy Objections
February 01, 2019 / Categories: Realtors, ResidentialOvercoming Owner’s Policy Objections When the TILA-RESPA Integrated Disclosure (TRID) requirements went into effect, lenders began issuing a new Closing Disclosure to homebuyers. This new form lists the Owner’s Policy of title insurance as an “optional” purchase. While an owner’s title insurance policy has never been required, this “optional” language may spur questions regarding the value of title insurance. Here are some common objections to