Happy Thanksgiving from Ticor Title!
Our office will be closed on Thursday November 25th and Friday November 26th, 2021 in observance of the Holiday. Thank you!
How they’re calculated & when they’re due
| There are few things in life that are as certain as taxes, especially when it comes to buying, selling, and owning real estate. In this article, we examine property taxes in Washington State, including when they are due, when they may be paid, how they’re calculated, and what tax relief programs are available. For information on the property tax calendar and more, we have assembled an easy-to-understand Buyer and Seller Guide to Title and Escrow for our clients and partners. |
Here’s an excerpt from Property Tax Annual Calendar in our guide:
Property taxes have a timeline that is different than most other taxes or bills that we pay. Let’s take a look at the facts:
- Taxes are due twice a year, but towards the middle each cycle
- First half taxes are due at the end of April and cover January through June
- Second half taxes are due at the end of October, and cover July through December
| We would love to help you have an amazing closing experience on your next real estate transaction. |
| Check out our Buyer and Seller Guide to Title and Escrow today! |
What’s In A Name?
| Quite a bit! |
What’s in a name? When a title company seeks to uncover matters affecting title to real property, the answer is, “Quite a bit.” For information on the ID Affidavit and more, we have assembled an easy-to-understand Buyer and Seller Guide to Title and Escrow for our clients and partners. |
Here’s an excerpt from ID Affidavit – Why Is It Needed? in our guide:
An ID Affidavit provides title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard the judgments, liens or other matters on the public records under similar names…
| We would love to help you have an amazing closing experience on your next real estate transaction. |
| Check out our Buyer and Seller Guide to Title and Escrow today! |
An offer to issue a policy
A Title Commitment (also known as a Preliminary Report in some areas) is a dated formal report that sets out in detail the conditions under which a policy of title insurance would be issued on a particular parcel of land. Its sole purpose is to facilitate the issuance of the policy. For information on the Title Commitment and more, we have assembled an easy-to-understand Buyer and Seller Guide to Title and Escrow for our clients and partners. |
Here’s an excerpt from What is the Title Commitment in our guide:
A Title Commitment provides a list of the matters which will be shown as exceptions to coverage in a designated policy or policies of title insurance, if issued concurrently, covering a particular state or interest in land. It is designated to provide a preliminary response to an application for title insurance and is intended to facilitate the issuance of the designated policy or policies. It is normally prepared after application (order) for such policy(ies) of title insurance on behalf of the principals to a real property transaction.
| We would love to help you have an amazing closing experience on your next real estate transaction. |
| Check out our Buyer and Seller Guide to Title and Escrow today! |
