Owner’s vs. Lender’s Title Insurance: What You Need To Know

February 27th, 2020
Title insurance

Shopping for a home means coming to understand a world of legalities designed to help protect the process of property transactions in the United States. That means learning about the various stages of investigation needed to transfer ownership with confidence. Home inspections, appraisals, title searches, and other steps inform buyers and sellers of possible complications with the sale. When it comes to navigating these requirements, homeowners need to understand their obligations and the mechanisms built to protect them, such as owner’s title insurance. Read the rest of this entry »

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Watch Out For Wire Fraud In Mortgage Transactions!

February 22nd, 2018

Watch Out For Wire Fraud In Mortgage Transactions!

New home purchasers can get caught up in a wire fraud scam in a mortgage transaction by cyber criminals if they aren’t careful!  This type of fraud is happening more often.  Some borrowers are fortunate enough to have a bank that recognizes that money is being sent to a suspicious account and the wire gets stopped. Otherwise, the mortgage borrower can lose their entire down payment on the house.  Once a wire goes out to another bank it’s almost impossible to pull it back, even when Read the rest of this entry »

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Title Insurance And Reissue Rates.

April 20th, 2011

In the past, when you refinanced a loan in Virginia or Washington DC you used to have to have an existing title policy that was less than 10 years old in order to get the reissue rate. And you had to produce a copy for the title company. Then either the original title company, or even a new one, would be able to issue you a title policy with a reissue rate, which saves quite a bit of money. Now it is not required Read the rest of this entry »

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