Title Insurance

MYTHS & FACTS & Our Role in a Transaction, Chicago Title

2020-05-18T16:51:18+00:00July 19th, 2018|Chicago Title Agency, Did You Know..., Investing, Property Management, Strategy, Title Insurance|

MYTH: Title Problems hardly ever happen. FACT: ONE out of every THREE title searches reveals a problem with the title.  Home-buyers may often wonder why they need Owner’s Title Insurance. As they rarely hear about claims, they assume it is an unnecessary expense. However, the fact is that 36 % of title searches reveal issues [...]

What Does Taking Title “Subject to” Mean?

2019-03-05T23:44:13+00:00January 25th, 2014|Financing, Market Changes, Refinancing, Rentals, Title Insurance|

What Does Taking Title "Subject to" Mean? by DiAnna Jackman Senior Escrow Officer/Branch Manager Chicago Title Agency When you finally find that perfect investment property and run your numbers, be sure you read the entire contract before you sign. Many investor contracts will indicate that the buyer is to pay all closing costs. This can [...]

Consumer Financial Protection Bureau Changes are Approaching

2013-10-30T15:49:36+00:00October 30th, 2013|Financing, Investing, Lender and Bank Practices, Refinancing, Title, Title Insurance|

by Dianna Jackman, Sr. Escrow Officer Chicago Title Agency There is a new sheriff in town and its name is the CFPB.  Beginning January 10, 2014, the Consumer Financial Protection Bureau will now be in charge of policing the mortgage industry under the regulations of the Dodd-Frank rules.  According to the new rules under regulation [...]

Transferring of Title Insurance

2019-03-05T23:44:15+00:00December 16th, 2012|Estate Planning, Investing, Legal Procedures, LLC, Strategy, Title, Title Insurance, Title Transfer|

Bank owned and short sale transactions have restrictions against selling to an entity instead of an individual, so there are concerns to be aware of when investing.  When you take title in your individual name, there are some additional liabilities to consider.  The most important is making sure you have the proper home owner’s insurance [...]