There are many reasons for buying or selling a home without the assistance of a realtor, but one service provider you shouldn’t complete a transaction without is a title company. This is especially true with a for-sale-by-ower purchase or sale. Using a title company not only ensures that your closing goes smoothly, it also safeguards … Continue reading Should I use a title company when buying or selling real estate?
A closing already has several different parties involved; buyers, sellers, buyer’s agent, seller’s agent, the title company and the lender. Does adding another company/attorney to represent the seller make sense? For a real estate closing in Florida, it just doesn’t make sense to complicate the transaction further by adding a superfluous second title company/attorney. Superfluous? … Continue reading When is hiring a real estate attorney or second title company to represent a seller a good idea?
Title companies must report all-cash buyers to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN)
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced new rules on January 13, 2016 aimed at all-cash buyers who purchase high-end real estate through shell companies, reports Forbes. The rule will force national title insurance companies to disclose to authorities the identities of buyers in certain geographic areas who purchase real estate for a … Continue reading Title companies must report all-cash buyers to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN)
After the loan is approved, the title company works with all parties to coordinate the closing day and time. Numerous papers will need to be signed and notarized. This is where the role of a notary closing agent becomes necessary. Usually 80-125 pages of paperwork are generated by the lender and prepared for the loan … Continue reading What Role Do Title Companies Play At a Document Signing?
Deciding to purchase a home is a major life decision. Homeownership comes with a great deal of financial responsibility, and although you may have to spend a significant amount of money maintaining it, there are several ways that you can get money back through the filing of taxes. This is a summary of what is … Continue reading State and Federal Tax Benefits for Homeowners
If you’re in the market for a new house in Florida, you have a number of different duties that you must perform to complete the process. While some of the duties, like picking out the right neighborhood or school district can have a major impact on the success of your investment, others can seem irrelevant. … Continue reading The Dangers of Choosing the Wrong Florida Title Company
After many years of perseverance, cryptocurrency is now starting to be considered a viable way to pay for real estate. In 2014, a title insurance company made waves by being one of the first companies in the United States to announce that they would accept Bitcoin as currency for the purchase of real estate. Since … Continue reading Cryptocurrency in Real Estate
Purchasing a foreclosed home can be an excellent way to purchase a good property for less than market value and see an instant return on your investment. Sometimes, however, the process of buying a foreclosed home takes a lot of time and the house may need extensive repairs. Foreclosures can be a good buy if … Continue reading Should You Target a Foreclosure Property When Purchasing Real Estate?
Most real estate transactions are completed with the assistance of a title company. The buyer and/or seller will normally hire a title company to help move the transaction along smoothly and provide title insurance. A title company works as a third-party in the real estate transaction, handling most of the paperwork involved with the home … Continue reading Should You Hire A Title Company When Buying Property Directly From An Owner?
Whether you are preparing to refinance your existing mortgage or purchase a new home, your mortgage lender may require you to find a title company to work with fairly early on in the loan process. If you are not familiar with the loan process, you may not be certain what a title company actually does. … Continue reading What Does a Title Company Do?