What’s In A Name?

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!

What is a Title Commitment?

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!

What’s a Red Flag?

Watch out for potential delays

 
A “red flag” is a signal to pay attention! Below are some of the items which may cause delays or other problems within a transaction and must be addressed well before the closing. 

For information on Red Flags 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 Red Flags in the Escrow/Title Process in our guide:

Examples of Red Flags to Watch For:

  • Bankruptcies
  • Business trusts
  • Clearing liens and judgments, including child or spousal support liens
  • Encroachment or off record easements
  • Establishing fact of death–joint tenancy Family trusts
  • Foreclosures
  • Physical inspection results–Encroachment, off-record easements
  • Probates
  • Power of Attorney–Use of, proper execution
  • Proper execution of documents
  • Proper jurats, notary seals
  • Recent construction
  • Transfers or loans involving corporations or partnerships
  • Last minute change in buyers
  • Last minute change in type of title insurance coverage
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!

Why is Escrow Needed?

And Other Frequently Asked Questions

 Peace of Mind and Protection
The questions, “What is an Escrow?” or “Why do I need Escrow?” come up from time to time. To answer these common questions 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 Escrow: Frequently Asked Questions in our guide:

  • Why is Escrow Needed? Whether you are the buyer or the seller, you want assurance that no funds or property will change hands until all instructions have been followed. With the increasing complexity of business, law and tax structures, it takes a trained professional to supervise the transaction.
  • How Long is an Escrow? The length of an escrow is determined by the terms of the purchase agreement/joint escrow instructions and can range from a few days to several months.
  • Who Chooses the Escrow? The selection of the escrow holder is normally done by agreement between the principals. If a real estate agent is involved, they may recommend an escrow holder.
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 Does Title Insurance Protect?

Why Title Insurance?

 Peace of Mind and Protection
We are often asked, “Why do I need title insurance?”, and “What does title insurance protect?”. To answer these common questions 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 The Title Insurance Value Proposition in our guide:

  • Title insurance protects the interests of property owners and lenders against legitimate or false title claims by owners or lien holders. It insures the title to the investment, unlocking its potential as a financial asset for the owner.
  • Title problems are discovered in more than one-third of residential real estate transactions. These “defects” must be resolved prior to closing. The most common problems are existing liens, unpaid mortgages, and recording errors of names, addresses or legal descriptions.
  • A homeowner’s title insurance policy protects the owner for as long as he or she has an interest in the property; and the premium is paid only once, at closing.
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!

Real Estate’s #1 Closing Cost App

Learn how to maximize it!

TicorAgent has been the industry’s #1 Net sheet and closing cost app for several years. This tool is not only fast, but it is easy to use. Plus with the introduction of newest version of TicorAgent ONE there are tons of new and relevant ways for real estate professionals to connect with new buyers and sellers!

TicorAgent ONE enables you to create and share visually stunning net sheets on the fly:

  • Seller Net Sheets – Make dynamic presentations & offer breakdowns and counters in a snap
  • Buyer Estimates – Get payment info and estimated funds to close in a flash
  • Monthly Affordability – Show your buyer what they can afford based on their desired payment
  • Sell to Net – Seller have net goal in mind? No problem with sell to net
  • Rent vs. Buy – Show renters that buying may better for them than renting

Eliminate guesswork and potential delays by automatically leveraging closing costs and fees specific to your local market!

  • Taxes
  • Title Fees
  • Escrow Rates
  • Closings Costs

TicorAgent ONE gives real estate professionals the confidence to quickly provide accurate answers to the most frequently asked real estate questions and presents information to buyers & sellers in professionally designed layouts.


Contact Your Sales Executive Today to Learn More!

Like your favorite coffee house!

At Ticor we strive to create a unique and personal closing experience that is unmatched in the industry. As many of our clients know, our closings are smooth and consistent time after time.

These are just a few of the reasons why working with
Ticor is like being at your favorite coffee house!

The Ticor Difference:

  • We take a proactive approach from beginning to end.
  • Files are opened immediately.
  • Title is cleared and all items needed for closing are obtained within ten days of opening. This means no surprises at closing for items missed or simply not addressed.
  • We sign our sellers in advance to ensure they sign at a date, time and place that is convenient for them.
  • We can better accommodate same day buyer signings and closings because our sellers are already signed.
  • We send file updates throughout the transaction to keep our clients in the loop of what comes next.
  • We e-record all of our documents which allows us to get the recording numbers back to our clients ASAP.
  • We use the customer preferred method of communication by phone calls and texting which makes it easy and convenient for our agents and clients to communicate with our team.
  • Since our closers work in teams there is always someone available to speak with or answer questions for clients.

We invite you to stop by one of our 
ten beautiful offices – coffee is on us!

844-MY-TICOR or 844-698-4267 (Call or Text!)