Let’s Get Started! Buying a home is one of the biggest purchases you will ever make in your life. Most buyers will need to work with a lender to obtain a mortgage to ensure they are able to make this purchase. Your lender and settlement company will work together to make sure your settlement goes smoothly. As always, Landmark Abstract is here to help! Below
The 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
Overcoming 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
Do You Need Additional Title Coverage? To start, if you previously purchased property and obtained an Owner’s Title Insurance Policy, you may need additional title insurance coverage. Perhaps your policy does not reflect the current value of your property, asking about extra coverage may be beneficial. If you refinance your mortgage or obtain a construction loan/home equity loan to improve your property, it is a
Get the Highlights Here! Watch this video to learn about five of the key things you need to know before you close. Next, read the blog post to learn more. 10 Things To Know About Your Closing The search may have been long, but you’ve finally found the home of your dreams. You love its style, floor plan, and views. Additionally, the neighborhood is great!