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Title Insurance
Title insurance is a form of indemnity insurance protecting the insured from loss due to invalid liens or from any title defect in real property. Title insurance can cover any interest in real property including life estate, lease or easement.
495 Questions
Where to find a Maryland certified pre-licensing course for title insurance?
You should contact the Maryland Insurance Administration for approved education providers.
How do you start a title company in Utah?
The process requires that you be bonded and to be bonded you need to demonstrate the experience to search through the county archives for title problems. Anyone in Utah who would use your service to perform a title search would demand title insurance, and title insurance companies will not work with you if you don't have the experience. That means you'll need to work for a title insurance company long enough to get the experience to get the bond.
If Property has a lien that was not found by title insurance company what are the owners options?
Generally speaking, if the owner purchased title insurance the lien should be paid by the title insurance company. If not and the lien was recorded and missed in the course of the title examination the attorney who certified the title to the buyer should be contacted. Her malpractice insurance should pay the lien.
Where do you find a title agency license package?
If you are looking to start up a title agency in a particular state, you need to check with that state's registration process. Most states requiring licensing are regulated by their department of insurance and their forms are found online as well as the instructions for submitting your licensing info. (DOI). There isn't a general "template" for licensing that can be used from state to state as some states do not require licensing as a title producer (license), you simply obtain your agency agreement with the Title Underwriter.
How far back does a title search go?
A typical "title search" or abstract goes back anywhere from 20 to 60 years depending on the laws and practices in the particular jurisdiction and the complexity involved in a particular matter. A prudent title searcher would certainly go back as far as possible if there is some sort of ambiguity or question.
Most jurisdictions regulate the period that must be covered by a title examination that will be used to certify the title to property. A title examination in the southeast generally goes back 30 years. In Massachusetts the statutory period is 50 years, in Connecticut it is 40 years. Those periods are also stated in title standards promulgated by the real estate bar associations in most jurisdictions. If there is no deed at 30, 40 or 50 years back then the examiner must keep chaining back until an arm's length conveyance is found. A professional title examiner knows how to determine a good starting point then examines the title forward from that point.
The title examination is the key factor in determining whether you will own the land free and clear of all other claims.
Are there any schools in New York City that offer a course in title insurance?
New York is an unlicensed state. You are not required to have any type of title license, therefore, I don't know of any NY title insurance schools. You do have to take a NY Notary course and pass it in order to be a Notary Public. New York has very specific practices, so it is advisable to work directly with an experienced agency to get your "on the job" training. If you are already experienced with title insurance in another state, the basics of title insurance apply in NY. You can take online courses that are an intro to title insurance, but in reviewing most of them, they are general overviews of Title 101 and aren't going to be very useful in the every day, practical use of doing title insurance. You can always come over to NJ and take our title producer's course in order to learn rules of agency, basic title knowledge, etc. The producers's course is general and NJ specific. The best school I know of here is Kovat's Professional School of Real Estate. Kovat wrote the course book and teaches it. You can find the school info under www.bigyellow.com
Do I need title insurance if I buy a home with cash and no mortgage?
Yes. You still need to protect your investment.
What is the song name from a IBM commercial on going green that's from the wizard of oz.?
yes it is .... optimistic voices.
How did Pennsylvania get started?
Pennsylvania started when William Penn thought that others should believe their own religions and to find a safe place for them too! you can see where they got the name Pennsylvania from. William PENN's last name. he was also the first person to find the land technically.
The 3rd mortgage should be promptly recorded so that it can be properly discharged of record for closing. The 3rd mortgage should have no bearing on the sale, since the Seller was aware of all the mortgages they have against the property and should have set the price of the property high enough to pay off all 3 mortgages against the property. You just need to make sure that the mortgage is properly recorded and properly discharged of record at closing.
How much is title insurance for New York City?
All title insurance is calculated by a per $1000 rate based on sales price or refinance rate. The State of New York has regulated fees and are determined by geographic zone.
What is a mortgage title guarantee?
In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.
In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.
In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.
In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.
Can I sue a title company for not finding a cloud on a title?
YES, that is what title insurance is for!
Does anybody know the name of a document series I watched like 4 years ago?
does not exclude a film from being part of a series
How much does title insurance cost in Massachusetts?
In Massachusetts, the cost of title insurance typically ranges from $1.50 to $3.00 per $1,000 of the property's purchase price. For example, on a $300,000 home, the title insurance premium could be between $450 and $900. Additional fees may apply for endorsements or other services, so it's advisable to consult with a title insurance provider for a more precise estimate.
Yes
You can not refinance without a court order if the bankruptcy is still open on you.You own the house with your wife and all Your meaning just you assets are frozen until the bankruptcy closes and part of your assets are your part ownership in the house.
Let's use the title
In this case, This time, it's Infectious!is the post title.
Is a title search done after a will?
A title search may also be required to fulfill the terms of a will in distributing property
