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Can a title company not pay you if you have a recorded judgment?
Yes, a title company may withhold payment if you have a recorded judgment against you. Judgments can affect your property title, making it a potential liability for the title company. They may need to resolve these issues or ensure that the judgment is cleared before proceeding with payment or closing a transaction. It’s essential to address any outstanding judgments to avoid complications in real estate transactions.
What is a title insurance producer?
Generally speaking, a title insurance producer is the same as a title insurance agent.
What does the term title insurance mean?
The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.
Does homeowners insurance cover the lenders title insurance?
No it does not. Lenders Title insurance is a whole other form of coverage
What is the importance of lender's title insurance in the refinance process?
Lender's title insurance is important in the refinance process because it protects the lender from financial loss due to any title issues that may arise with the property. This insurance ensures that the lender's investment in the property is secure and helps to prevent any potential legal disputes that could affect the refinance transaction.
Will a judgment show up at title insurance search?
Yes, a judgment can show up in a title insurance search. Title searches typically include a review of public records, which often reveal any liens or judgments against the property owner. If a judgment has been filed against the owner and is attached to the property, it may affect the title and could need to be resolved before a clear title can be issued.
Is the registration process the same as obtaining the title for a vehicle?
No, the registration process and obtaining the title for a vehicle are not the same. Registration is required to legally drive a vehicle on the road, while obtaining the title proves ownership of the vehicle.
How do you form a California Title Insurance Agency?
To form a California Title Insurance Agency, you must first establish a business entity, such as a corporation or limited liability company (LLC), and register it with the California Secretary of State. Next, you need to apply for a title insurance license through the California Department of Insurance, which involves meeting specific educational and experience requirements. Additionally, securing a title insurance underwriter appointment and obtaining the necessary insurance and bonding is essential. Finally, ensure compliance with all state regulations and maintain ongoing educational requirements to operate legally.
What is a title insurance producer?
Generally speaking, a title insurance producer is the same as a title insurance agent.
Who are the largest Title Insurance companies in the US?
First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company
Do title insurance companies employ title examiners?
Title examiners are typically employed by title insurance companies
Do i need title insurance cash purchase?
There are no laws requiring a person to take out title insurance on their property. However, it's wise to, at the very least, have a Report on Title (Search only) done on the property before you purchase. This is not title insurance, but a compliation of all searches for existing deeds, mortgages, liens, status of municipal liens, easements, restrictions, etc. After obtaining the Report on Title, you can decide if you are comfortable with the property status to proceed with or without getting an Owner's Policy to protect you against the history of the property as to all of the above.
What does the term title insurance mean?
The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.
Are title company fees regulated in Texas?
Yes, title insurance is regulated in Texas. Title insurance premiums are promulgated by the Texas Department of Insurance and certain procedural rules and rate rules may affect that charge. Depending on the particulars of the transaction, a credit may be available. Additional coverages may also be available at additional cost and many lenders require such expanded coverage. Unlike many other states, the title insurance premium in Texas includes the costs for abstract and examination. You can review the "Basic Manual" for title insurance in Texas at the Texas Department of Insurance website or the Texas Land Title Association website, amongst others. Most title insurance companies in Texas will have "rate cards" that set forth the basic rate premium for title insurance policies and endorsements in the state.
Can i get insurance and plates with a salvage title?
Yes. Getting insurance and plates with a salvaged title car should not be a problem. It shouldn't affect any of that... the only thing you need to worry about is if the place you got the car from properly fixed all of the problems on the vehicle.
Does homeowners insurance cover the lenders title insurance?
No it does not. Lenders Title insurance is a whole other form of coverage
What is the importance of lender's title insurance in the refinance process?
Lender's title insurance is important in the refinance process because it protects the lender from financial loss due to any title issues that may arise with the property. This insurance ensures that the lender's investment in the property is secure and helps to prevent any potential legal disputes that could affect the refinance transaction.
