A title commitment is a document from a title company that says the property you are buying will be able to have a title insurance policy after you close the sale. The document you are provided with contains the same information that will be include in the actual title insurance policy, but it is not …
If you’re considering purchasing real estate, be it a home, land, or commercial property, your first inclination may be to seek financing through a lender. However, in some cases, a land contract may also be an option. A land contract is a form of financing that allows buyers to make regular payments directly to the …
A Seller’s Net Sheet is a document that calculates how much money one can expect to have when the sale of their home is final. Seller Net Sheets factor in all of the fees and expenses that occur in the process of the sale, leaving the seller with an accurate estimate of what they can …
What a Sellers’ Net Sheet Is and How it Helps You Read More »
ALTA settlement statements may appear confusing at first, but don’t worry, they are much simpler than they appear. Alta settlement statements are specifically designed to organize the property selling process and the post below walks you through each of the four ALTA statements and how to use them. You’ll learn how these statements provide a …
What an ALTA Statement Is & How it Applies to You Read More »
When you buy a home, you’ll be faced with the choice to buy title insurance. If you have a mortgage, your lender will probably require you to purchase a Loan Policy but you’ll usually have the option to buy an Owner’s title policy as well. But that leads to some confusing questions which is why …
Lender’s vs Owners Title Insurance, Questions & Answers Read More »
