An overview of the title industry Prior to the development of the title industry in the late 1800s, a homebuyer received a grantor’s warranty, attorney’s title opinion, or abstractor’s certificate as ...
Community Property Requires a valid marriage between two persons. Each spouse holds one-half interest in the estate. Title is in the “community”. Each interest is separate but management is unified. E ...
What is escrow? Escrow is the process wherein the Buyer and Seller deposit written instructions, documents, and funds with a neutral third party until certain conditions are fulfilled. In a real estat ...
Important Tax-Related Dates January 1 Assessment Date. Taxes become a lien at 12:01 a.m. Not yet due and payable for the Fiscal Tax Year starting July 1. Thereafter title evidence must show taxes as a ...
First, know loan types. Conventional Loan This simply describes a loan that is not obtained under any government-insured program, secured by investors. It could be any type: fixed rate, adjustable, ba ...
What is title insurance? Title insurance is a contract of indemnity which guarantees that the title to the property is as reported. If it’s not as reported, we will reimburse the buyers for actual los ...