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Georgia looks to protect residents from title theft with new law

Housing Wire

Title theft occurs when a criminal impersonates a property owner and sells or takes out a second mortgage on the owners property. Police are encouraging homebuyers to conduct a title search of a property before they purchase it.

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Bipartisan congressional caucus calls on FHFA to halt title waiver program

Housing Wire

In the letter, the caucus members argue that the pilot — which they said insinuates that title insurance is a “junk fee” — will cause “irreparable damage” to homeowners and mortgage lenders. Additionally, the Pilot poses unnecessary risk by removing expert title agents from the refinance process,” the letter states.

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ALTA: Protecting property rights with title insurance

Housing Wire

Title insurance is different than most other insurance products. For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. Title insurers’ upfront, curative work involved in a title search is critical to help reduce risk of claims.

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12 Typical Closing Costs for Seller in Alabama

HomeLight

To help you get a clearer picture of the closing costs for sellers in Alabama, HomeLight interviewed a leading Alabama real estate agent to put together this comprehensive guide. Mortgage payoff Alabama has a homeownership rate of 73.8% , and the average mortgage balance carried by homeowners is $171,883. in state transfer tax.

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How Long Does a Title Search Take

RIS Media

The easiest way to escape these issues is to make a property title search. Why Do You Need a Title Search. The property title search process needs to show any potential buyer that the respective real estate has a clear title. Timeframe For Title Search. What Do Title Searches Involve?

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DataTrace’s TitleIQ leverages automation to reduce human error and further streamline processes

Housing Wire

Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. Jim Portner, Vice President Product and Strategy.

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

During this same time, our industry helped consumers take advantage of low interest rates to refinance mortgages. In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. Why is a title search necessary for refinancing?

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