Key TakeawaysA Closing Protection Letter (CPL) is issued by the title insurance underwriter and protects the lender, buyer, or seller…
Key TakeawaysTitle insurance costs depend on home price, location, and policy type — owner’s policies are price-based, lender’s policies are…
Key TakeawaysThe Closing Disclosure (CD) must reach the borrower at least three business days before closing — this is the…
Key TakeawaysA property easement grants a specific, limited right to use someone else’s land for a defined purpose — utility…
Key TakeawaysA plat map shows how land is divided within a county, city, or neighborhood — lot lines, easements, nearby…
Key TakeawaysHome inspection costs typically range from $300–$600 for a standard single-family home in the DMV, with larger or older…
Key TakeawaysBuyers typically pay most closing costs — appraisal, loan origination, title search, owner’s and lender’s title insurance, escrow deposit,…
Key TakeawaysMaryland's Critical Area is a 1,000-foot buffer around the Chesapeake Bay and its tributaries — development, landscaping, and impervious…
Key TakeawaysA title commitment is a pre-closing document promising the title company will issue a title insurance policy after closing,…
Key TakeawaysA land contract (installment sale contract or contract for deed) is a seller-financing arrangement where the seller retains legal…