Title insurance, also known as an owner’s policy is an insurance policy that protects real estate from loss as a result of a legal dispute or title defect. While a title search usually spots whether or not the home is the seller’s to sell, they are not infallible and rarely turn up other issues. For example, if a previo0us owner still has claim to the property, they could file a lawsuit and have the new ”owner” evicted. Even third party individuals from the house’s past, such as unpaid contractors, could take out a lawsuit against the property.
Oct 7 2011 | Posted in
Home Insurance |
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Pretty much anywhere in the United States you could possibly live has some form of natural disasters native to it. The Midwest has tornadoes. The West Coast has earthquakes. New England has snow storms. And the South is not a stranger to hurricanes in many areas.
Jun 22 2011 | Posted in
Insurance |
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A deed is a lawful instrument that awards a right. In real estate, it’s a lawful document that exchanges possession from one party to another. It’s also involved once the property is paid with a mortgage. Without this file signed by the prior owners, there isn’t any transfer of possession of the real estate. Of course, the authenticity of the signatures is crucial so a notary is always required to verify the credibility.
Jun 1 2011 | Posted in
Mortgages |
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Reverse Mortgage Disadvantage #1: The Money you receive from Reverse Mortgage is a loan and it does not be paid back one way or another. Mortgage business is a big business and the lenders are in it to make money. You get the money up front, the lender gets a guarantee that they will be paid once they get the title to the house when you are gone.
May 18 2011 | Posted in
Mortgages |
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If you’ve been paying any kind of attention to the housing news lately then you know that it is remarkably hard to sell a house right now. Many people are still trying to sell their house just to make the bills easier to pay. Before you decide to sell your home quickly you may to consider some alternatives.
Apr 4 2011 | Posted in
Loans |
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