by kramoltz@hotmail.com | Dec 4, 2018 | Title Insurance + Escrow
Title insurance is unique. Unlike other insurance options that require monthly premiums, title insurance is charged as a one-time fee. It is paid by the buyer at closing, and is approximately equal to .5% of the purchase price. Basically it protects you and your...
by kramoltz@hotmail.com | Jan 10, 2018 | Home Buying, Title Insurance + Escrow
In Part 1 I discussed the protection title insurance provides after closing. But did you know that when buying a home the title report is an important part of your due diligence? The report shows what matters affect the title of the home and what will be excluded from...
by kramoltz@hotmail.com | Sep 12, 2017 | Home Buying, Selling Your Home, Title Insurance + Escrow
Title insurance is an indispensable part of a real estate transaction. It’s a standard requirement in most real estate contracts and its required by lenders. It also protects the buyer and seller from title defects if later something goes wrong. Examples of covered...
by kramoltz@hotmail.com | Jul 18, 2017 | Home Buying, Title Insurance + Escrow
In What’s in a Preliminary Title Report? I told you about the importance of the preliminary title report/title commitment. The commitment is an important buyer “Transactional” category document (see Part 1’s description of the four categories), because it...
by kramoltz@hotmail.com | May 1, 2017 | Home Buying, Selling Your Home, Title Insurance + Escrow
First in the analysis of documents used in residential transactions are junk documents. The documents that fit in this category are non-negotiable or provide minimal or no useful information. Most are directed at borrowers, and are acknowledge that disclosures...
by kramoltz@hotmail.com | Feb 14, 2017 | Home Buying, Selling Your Home, Title Insurance + Escrow
A junk fee is a cost of doing business that a company tries to shift to you. Most originate from two sources: lenders and escrow companies. Look for them on the loan estimate, closing disclosure and settlement statement. Loan related junk fees may be called...