Ticor Tech Tip – Try our 2020 REET Interactive Widget Available Now

Effective January 1st 2020 the new Graduated Real Estate Tax went into effect. To accommodate this update, we recently unveiled our online REET Calculator designed to save you time and give you a clear understanding of what to expect in the coming year. We have taken this a step further with the development of a interactive REET widget that loads automatically on MyTicor.com!

To try the Widget simply visit MyTicor.com and it will load automatically!

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.

Ticor Tech Tip – CPLs Delivered in 1-Minute or Less and 24/7 Title & Escrow Rates

We know that getting information quickly and accurately can sometimes make or break a deal. One forward thinking approach we take
at Ticor Title is how we offer our Title & Escrow Rates and Closing Protection Letters (CPLs).

Here are two ways to eliminate delays and streamline the transaction workflow

• Closing Protection Letters Delivered in 1-Minute or Less
• Title & Escrow Rates Provided Instantly and Accurately

Follow the link below to read more about how these two processes can help to save you time in your business!

Ticor Tech Tip – What is Escrow [Video] And Workflow Guide

Making a simple financial transaction is pretty straightforward, right?
You get the goods, he/she gets the money, and a receipt is your proof of ownership. But how do you make a financial transaction as large and as complicated as a home purchase or refinance?

We answer this question and more including…

• Escrow Workflow – 12 Steps to Closing
• Funds and Proceeds – Tips for a Successful Escrow Closing
• Deed Types – What are the Differences

Follow the link below to Watch our “What is Escrow” Video and Download the Guide!

Ticor Tech Tip – 2020 County Recorders’ Office Holiday Schedule

With 2020 just around the corner, we have made our annual County Recorders’ Office Holiday Calendar available for download.

This Calendar shows the following useful information.

  • Which days of the year the County Recorders’ Office will be Closed
  • Last day of the month to sign Refinance
  • Which days of the year the Tax Payments are due

Follow the link below to download the 2020 Holiday Calendar now!

Ticor Tech Tip – Google Launched a New Privacy Tool – Why is this Important?

We are proud to say we have partnered with long time local area consumer protection advocate Herb Weisbaum of KOMO to bring you Technology and Title Tips.

KOMO Technology and Ticor Title Tips

Ticor Tech Tip – Announcing Our Easy to Use Online REET Calculator for 2020

Effective January 1st 2020 the new Graduated Real Estate Tax will go in effect. Our brand new simple and easy to use online REET Calculator will save you time and give you a clear understanding of what to expect in the coming year.

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.

Try the New Online Calculator Below!

Ticor Tech Tip – How an ID Affidavit helps to Protect Your Transaction

What’s in a name? When a title company seeks to uncover matters affecting title to real property, the answer is, “Quite a bit.” 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.

These are the two most common questions relating to ID Affidavits. 

  • What is an ID Affidavit?
  • What Does an ID Affidavit Do?

Follow the link below to read the answers and download the complete quick guide.

Ticor Tech Tip – Ticor Title & Herb Weisbaum of KOMO bring you Technology and Title Tips

We are proud to say we have partnered with long time consumer protection advocate and local area Herb Weisbaum of KOMO to bring you morning Technology and Title Tips.

KOMO Technology Tips

Ticor Title Tips

Listen to an informational KOMO and Ticor Tip below!

Ticor Tech Tip – I See Dead People – How Death and Probate can Impact a Transaction

There are three basic situations when the owner has died. Of course, each of these has additional variations, mostly relating to whether the deceased had a will, and whether or not the estate (with or without a will) is being probated. If there is a probated will, devisees (those named in a will) will get the property or the proceeds from the sale if it’s sold before the probate is closed. If there is no will, then state law provides who inherits. It can get complicated to work it all out.

  • First, the owner was single – not married or a domestic partner.
  • Second, the owner was married or a domestic partner, but it was separate property (not community property).
  • Third, the owner was married or a domestic partner and it was community property.

Follow the link below to learn more about Death & Probate.