Ticor Tech Tip – Why should I choose Ticor Title over a new “Start-Up” Title Company?

Title Insurance is a great value providing peace of mind. You only pay your Title policy premium once, but your policy is good for as long as you own your home even transferring to your heirs. Ticor Title is part of the Fidelity National Financial family of companies and an industry leader in claims paying ability.  We will be here when you need us whether it is this year or 100 years from now. 

A few questions to consider when choosing a Title Company.

Q.) How long have they been around?

A.) Ticor Title was Title Insurance and Trust Company, often called “TI” , opened for business on January 15, 1894. Ticor Title is a member of the Fidelity National Financial, Inc. family of companies. FNF is a leading provider of title insurance, mortgage services, and diversified services. In financial strength and claims-paying ability, Ticor Title and FNF consistently receive high marks. FNF is ranked #402 in the 2019 Fortune 500 list.

Q.) Should I be concerned about the claims paying ability of my title insurance provider?

A.) A Title insurance provider’s claims paying ability is determined by the amount of reserves held to pay claims. Due to the state of the real estate market over the last 4 years, a title insurer’s claims paying ability has become more critical as the number of claims filed have sharply increased. Ticor Title and FNF have claim reserves exceeding $1.5 Billion.

Some of the feedback we have received regarding the digital closing methods used by less established Title Companies can be challenging at times especially when urgent communication is required for a particular transaction. At Ticor Title we are ultra-communicative and readily available to answer any questions or concerns. Our employees are committed to providing our customers with a level of satisfaction that is unparalleled in the title insurance industry. Based on our experience and expertise, we are confident that you’ll see the difference. 

To find out more about our Strength and History follow the link below. 

Ticor Tech Tip – Protecting against Wire Fraud begins with startSafe

Buyers and sellers desire a secure and simple way to start their real estate transactions. When you choose to work with Ticor Title and startSafe™, buyers and sellers can safely begin their real estate transaction, share preferred contact methods, and review WireSafe wiring instructions without relying on potentially unsecure email inboxes.

Learn what to expect with the new, more secure digital opening experience. Watch the informational video by clicking on the link below.

Ticor Tech Tip – What You Should Know about Buying Your Home in 2019

Because most consumers purchase title insurance only a handful of times in a lifetime, questions do arise when the time comes to purchase a property. What is Title Insurance and why do you need it? Title Insurance is the Most Effective, Most Accepted and Least Expensive way to Protect Property Ownership Rights.

Questions to consider

  • What is Title Insurance?
  • Why Should I Purchase Owners Title Insurance?
  • How Long Am I Covered?
  • What Does Owner’s Title Insurance Cost?

Follow the link below to read the answers to all these questions and more valuable information.

Click here to learn more

Ticor Tech Tip – Addressing your questions on For Sale By Owners.

When it comes time to sell your home, you may have thought about listing it as a For Sale By Owner (FSBO). But there are many important factors to consider before taking on this responsibility.

Preparing the home, setting the price, marketing & advertising, qualifying buyers, negotiating, setting appointments and navigating the closing process are all part of a successful real estate transaction.

  • Are you equipped to set the correct price for the home?
  • Are you prepared with an optimal advertising strategy and budget?
  • Do you have the ability to negotiate the sale?
  • Are you prepared to qualify potential buyers?
  • Are you familiar with the closing process?

Click the link below to read the answers to all these questions and more valuable information.

Click here to learn more

Ticor Tech Tip – Our recent Home Matters interview is one you won’t want to miss!

In this deep dive interview our management team discusses Fraud Protection, Title Insurance and more on the Home Matters radio show that aired on ONMY.FM.

Some of the topics covered

  • What is Title Insurance?
  • How does it protect you and your property?
  • What are the steps needed to protect yourself from Wire Fraud?

About Home Matters

Home Matters is a home improvement and lifestyle show that covers everything having to do with your home: treating your deck, winterizing your home, keeping your electric bill down, and how to pair your food and wine.

Be sure to listen to the full interview here https://mynorthwest.com/category/podcast_player/?a=0c832081-a379-4b23-b581-aa9000f2f587&sid=1021&n=Home+Matters

Ticor Tech Tip – Washington State Real Estate Excise Tax

On April 28th, 2019, The Washington State Legislature passed a 2-year budget that will have a significant impact on most sellers of commercial and residential real estate.

What is REET?

Real estate excise tax (REET) is a tax on the sale of real estate. The real estate excise tax is typically paid by the seller of the property, although the
buyer is liable for the tax if it is not paid. The tax applies to the seller. The tax also applies
to transfers of controlling interests (50% or more)
in entities that own property in the state.

How are the funds used?

1.3% of the state tax collected by counties is retained to cover administration costs. Of the net proceeds to the state, 2% goes into the public works assistance account, 4.1% to the education legacy account with remaining amounts going the general fund.

Effective Jan. 1, 2020, ESSB 5998 made changes to the real estate excise tax program. Some of these changes include:

  • a graduated state REET rate structure for sales of real property
    • exception: agricultural land/timberland is excluded from the new rate structure and will continue to have a state REET rate of 1.28%
  • updates for controlling interest transfers (greater than 50% change of ownership in an entity that owns real property)
    • expands the transfer period from 12 months to 36 months
    • changes the reporting requirements during the annual corporate renewal cycle to disclose any transfers 16% or more

Please note* Additional County and/or City Taxes Will Apply

More information is available at the Washington State Department of Revenue https://dor.wa.gov/find-taxes-rates/other-taxes/real-estate-excise-tax

If you have any questions, please contact your Sales Executive or
Escrow Officer for further information.

Click HERE to download a printable PDF Flyer.

Ticor Tech Tip – Best Quarterly Performance in Nearly 16 Years

Continues Strong Momentum of 2019

Ticor Title is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York – that collectively issue more title insurance policies than any other title company in the United States.

When working with Ticor Title you can rest
assured that our commitment to you is
established on a rock solid financial foundation.

Collectively, the FNF title brands remain the largest and the most profitable in the industry. As always, we remain committed to managing our business with discipline, providing the best possible customer service, and remaining the financially strongest title insurance provider for our policyholders, clients, and partners.

2019 Mid Year FNF Company Fact Sheet
Click here to download a PDF of this report.

Our standings with third-party rating agencies are a testament to our longevity, financial strength, and claims paying ability. For 12 of the last 13 years, we have held a position on the FORTUNE 500® list.

Ticor Tech Tip – Which Title Insurance Policy Should I Choose?

Which Title Insurance Policy Should I Choose?

We hear this question often. There are three types of owner’s policies; Standard, Extended, and ALTA Homeowner’s. It’s important to note that the ALTA Homeowner’s Policy is specified by default on the NWMLS (Northwest Multiple Listing Service) Form 22.

Selecting the right Title Insurance Policy is an important decision. 

We recommend the ALTA Policy.

Why would the ALTA Homeowner’s policy be the top choice? The ALTA Homeowner’s policy offers the highest level of protection for homeowners that exceeds the coverage of the Standard or Extended policies. Some home buyers may not be aware of the risks to title that exist and thus not understand the explicit value of broader coverage. Nonetheless, buyers should know that they always have a choice.

“Fast Closings & No Surprises” – Dave Ross KIRO FM

The Title & Escrow Experts

Our leadership team recently sat down with KIRO Radio’s Dave Ross to have a brief conversation on the steps we’ve taken to help prevent wire fraud on real estate transactions and ensure timely closings with no surprises.

Listen below to the Radio Spots with Dave Ross at KIRO

Ticor Title is committed to safeguarding your transactions even with our fast 10 day closings.

startSafe is our new digital closing experience. Learn more about it here.

Aloha from Ticor Title!  Please join us for our Open House on Lake Union

Aloha from Ticor Title!

Please join us at our Hawaiian themed Open House!

Come by for some Hawaiian grindz and drinks! We would love to see you there!  Save the Date for Thursday July 18th 2019 from 4pm to 7pm. 

Free parking out front after 4pm and plenty of room in the lower garage

Ticor Title
1700 Westlake Ave N #105
Seattle, WA 98109

Tour our office, chat with our team, and enjoy a lovely afternoon with industry professionals.
Grass skirts not required but certainly encouraged. We’ll have Hawaiian Leis for all that attend!

Join us for our open house on Lake Union

We are looking forward to seeing you there! 

Ticor Title is pleased to announce the opening of our latest beautiful office on Westlake Ave. 
This location has a truly stunning setting that will make your visit memorable for you and your clients! 

Ticor Title
1700 Westlake Ave N #105
Seattle, WA 98109
Phone: (206) 720-0114