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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title. It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it.

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SoftPro names Gorkem Kuterdem CTO

Housing Wire

In 2019, Gorkem received the October Research Award, given annually to professionals showing exemplary accomplishment in the title, underwriting, lending and settlement services industries. It’s been a busy month for SoftPro, which in early May announced an integration with title automation company DataTrace.

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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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House Deed vs Title: How to Keep Their Meanings Straight

HomeLight

Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Let’s take a deeper look at what a house title is; the different types of deeds used in real estate; and related terms including chain of title, title search, title insurance, and title abstract.

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

Property survey fees ($400-$600): Unless you already have an up-to-date copy, you may need to pay a surveyor to create a land or property survey serving as a legal document of the topography and boundaries of your entire property as part of the record of the sale. Title fees (1%). Owner’s title policy (0.5%-1%):

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

It’s used to determine how much you can borrow and assures the lender that they aren’t lending more than what the home is worth. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear. Municipal lien letters matter,” says Sara Cleary of Tri-County Land Title & Escrow Company.

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Your Conclusive Guide to Buying a House with Cash

HomeLight

According to Jessica Sanchez, Head of Mortgage Operations at HomeLight Home Loans , this due diligence is two-fold: the lender also needs to check out both the borrower and the property to make sure it’s safe to lend money for the home purchase. “We It’s pretty simple, really: It’s buying a house ( or land !), but without the mortgage.