In the September 2022 News Brief we face the facts: the housing market has slowed down. There are stories worth noting in our September 2022 News Brief. Be sure to keep reading until the end; there may be some housing humor. Residential News Highlights The Modern Family: 18% of American Live in Multigenerational Households: Yup, many adults are finding it hard to move out of
Watch to learn! What do you need to have?! You need to know which documents you need for settlement BEFORE the big day comes, right? We have a handy list here that you will probably need, both for buyers and sellers. Still, be sure to check with your settlement agent or attorney to see what you will need. We have two lists of documents that
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
There 10 rules to know about TRID! The Consumer Financial Protection Bureau (CFPB) created the TILA-RESPA Integrated Disclosure (TRID) Rule to improve mortgage disclosure forms to make it easier for consumers to understand the terms of their loans and closing costs. In order to ensure a timely closing, it is more important than ever that real estate agents communicate with their consumer, lender, and settlement