Stay Informed and Learn More About What’s Required to Insure Your Living Trust

June 27, 2017

A living trust can provide property benefits to the trustor and their beneficiaries. It has become a popular way of holding title to real property. When it comes to insuring a living trust, there are certain requirements that the trust must meet. Find out more about living trust and what will be needed to insure them.

Creating a Trust.
A trust is essentially an agreement. The trustor agrees to give the trustee access to designated assets of the trustor, including allowing the trustee to hold a property’s title, to benefit the trustor’s beneficiaries. The benefit of a living trust allows for the holding of title to real property. read more

What is a Statement of Information and How Does it Relate to the Title Process?

June 21, 2017

Whether you’re buying, selling, or refinancing a property, there are many individual components and documents involved in the process. In almost all cases, a Statement of Information is requested to help verify information so that title to your property may be cleared. Here, we will talk a little bit more about a Statement of Information so that you’re better able to familiarize yourself with the title process.

What is a Statement of Information?
A Statement of Information is a request for information about you and in some instances about a spouse or partner to help our team conduct thorough, accurate research so that title can be cleared.

Why is a Statement of Information Needed?

There are several pieces of information that are needed for a Statement of Information. These types of information include things such as employment information, past addresses, and other identifying information. It’s important to fill out the information in its entirety and sign the document. read more

Be Wary of These Common Title Obstacles That Can Cause Delays

June 16, 2017

When it comes to dealing with property, it’s imperative to acquire the proper documentation. Title, which gives you the legal foundation to transfer property ownership, is a necessary component in the real estate process. However, there can be delays in the process. Certain circumstances may extend the processing time for escrow and title as they may require additional clearance.

Information About Delays.

The escrow and title process is a delicate period during the exchange of property. Various factors can affect the processing time. Should any obstacles arise there may be additional clearance needed to proceed with the transfer of ownership. Be aware of common delays so that you can take steps to avoid them. read more

Learn How the Title Search Process Works So That You’re Well Informed

June 8, 2017

When dealing with real estate it’s often necessary to conduct a title search. You must conduct a title search before a property can change hands. During this process, various documents and pieces of information about the property are collected. However, this can be a lengthy process. Find out more about the title search process so that you’re better equipped to handle dealings with a property.

Opening a Title Order.
The process begins with an escrow officer opening an order using an FNT title unit. Once open, the process continues by verifying any legal and vesting. Once all is settled, the process continues to the FNT title plant. read more

All About Your Escrow – More on The Preliminary Title Report

June 1, 2017

The Preliminary Report is an offer to issue a policy of title insurance covering a particular estate or interest in land subject to stated exceptions. Since these exceptions may point to potential problems with your intended purchase, it is important for all parties to review the report once it is received.

A Preliminary Report provides a list of the matters which will be shown as exceptions to coverage in a designated policy or policies of title insurance, if issued currently, covering a particular estate or interest in land. It is designed to provide an interim, or “preliminary” response to an application for title insurance and is intended to facilitate the issuance of the designated policy or policies. It is normally prepared after application (order) for such policy(ies) of title insurance on behalf of the principals to a real property transaction, for the purpose of facilitating requirements relative to closing and policy issuance in form and content approved by those parties. read more