Archive | Insurance

Affiliated Business Arrangements #realestate #law

As previously discussed in What Is a Title Company?, title companies serve three roles that are heavily regulated: title insurance agent, escrow agent, and settlement agent. Part of that regulation is the requirement that they remain independent of the other entities in the transaction (i.e., the lender and Realtors). This isn’t a hard-and-fast requirement though. […]

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What’s a “Title Company”? #realestate #law #insurance #escrow

I’ve provided an overview of the three functions of a title company over on my blog. Some people aren’t aware of what a title company is, but they’re quite important to the purchase and refinance of real estate. A title company has three functions, all of which are heavily regulated by state and federal law. […]

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What is Title Insurance and Why Do I Want it?

Title Insurance is unique in that it is the only insurance that protects you from past acts, not things that happen in the future. Unfortunately, there are many different reasons that title insurance coverage might be needed, for example: forged documents, documents signed by someone who is under age, or not of sound mind, undisclosed […]

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Why Do I Need Title Insurance?

A title search is performed on each transaction. The title records are only as good as the documents recorded. If a previous owner perpetrated a fraud, committed a forgery or the clerk of the land records failed to record or recorded incorrectly, the purchaser is unprotected without owners title insurance. With the coverage, the title […]

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