Heights Title

  Do I Need Title Insurance, Even If I Am Paying Cash? Title insurance is an insurance policy that is required by the lender when taking a mortgage. The insurance policy is meant to benefit the lender in several ways. The lender requires the insurance policy to gain knowledge and understanding about the property in question. Information gathered include the ownership of the property and whether any charge has been placed before by any other lender. The information is meant to protect the lender in the event that there may be any issues with the property. Therefore, it is imperative to take a title insurance policy when taking a mortgage using a loan rather than cash. However, when paying for the mortgage using cash, you can decide to leave out the policy or take it since it is optional and the beneficiary is yourself rather than a third party. Title insurance has two primary policies that include the loan policy and the Owner’s policy. The loan policy title insurance is taken by those

  Title problems have a tendency of showing up during the title search and after the closing. This is the time that most homeowners would hope that their title insurance policy would help them in solving some of the problems they have. And subject to the policy terms, you can use your title insurance to get protection from the problems that might come to light after you have sealed the deal. It is very important to avoid the problems connected with the title before the closing. You can only understand the title problems if you have any idea of what a title may mean. The title, in simple terms, is evidence that shows that an owner is in full and lawful possession of a particular piece of property or real estate. Owning a deed to a property means owning the property. Here are four undiscovered title problems that can cause new homeowners a difficult time. Errors in Public Records It is usually said that to err is human, but these mistakes can be very devastating when they particularly af

  If you have been paying attention to the housing market recently you might be a little confused. Is it a buyers market, or is it a sellers market? For sure, the past couple of years have been a sellers market. We have seen houses flying off the books and prices steadily rising. So much so that some people have begun to speculate that we were once again approaching bubble territory.   What Is Happening With The Housing Market? But then, over the past month, everything seems to have changed. In many places, prices are beginning to drop. Sales have stagnated, and many realtors have notice less showings.   One Real Estate Agent I know proclaimed “Within a week it went from a sellers market to a buyers market!” This is a striking development. As recently as August of this year most experts agreed that  we wouldn’t see a buyers market until 2020 . Whether this is a shift in the market, a correction, or a hiccup, the question really is “does it matter?”. It Depends on Why If you are current