A title company researches, insures, and facilitates the transfer of property ownership: examining title to confirm clean ownership, issuing title insurance to protect buyers and lenders against title defects, and handling the escrow and closing process through which transactions complete, in...
Log in to followI came into this from a completely different industry and one of the first things I noticed is how much of a title search is pattern matching against recorded documents. Which is…
Looking at low price point houses in a county where there's essentially one title and abstract office. Everybody uses them because there is nobody else. Their fee sheet came back…
Our small service team is parked next to closings all week, so this question comes up from first time buyers constantly and I don't think the answer is obvious. In a lot of states…
Our group buys small multifamily across four states and I do the underwriting, almost all of it in single purpose LLCs, and a meaningful share is non-financed. The FinCEN resident…
Writing private notes on residential, first position, small balances, mostly $80k to $250k. My loan documents currently say I select the settlement agent. I've had two borrowers p…
Somebody asked me this week and I gave a muddier answer than I wanted to, so putting it to the room. A buyer signs a contract, and there's usually a title or settlement company al…
I read the reporting rule text again this week because our closers keep asking what happens when a buyer entity won't hand over beneficial owner information. The rule is effective…
Rural parcel, roughly 90 acres, and the abstract goes back further than anyone's institutional memory. The title company quoted me the standard search plus an extended examination…