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!
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.
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.
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.
After weeks of looking, it may be easy for a buyer to forget what exactly they liked about homes they’ve viewed. Over time, the details may fade or become vague. However, the House Hunter Scorecard helps to keep a record by organizing and comparing what the buyer likes best about their top two or three home choices. With so many characteristics to assess and compare, it helps to have a tool that can itemize factors, clarify expectations, and build confidence that the home-buyer’s ultimate home choice is the best fit for their desired lifestyle.
Selecting Your Next Home is a Breeze with the House Hunter Scorecard.
Ticor Title is happy to offer the House Hunter Scorecard, a simple tool designed to improve the home-buying experience.
Today’s homeowner stays in their home an average of 11-15 years. So it’s understandable that the typical home buyer may be unfamiliar with how escrow operates, what protection title insurance provides, and how to be ready for the escrow process when the time comes to make a real estate purchase. We’ve assembled a series of brief videos that provide an overview of escrow & title insurance as well as insights into what to look for in a title insurance company and how to be prepared for escrow closing.
Escrow & Title Insurance Videos
What is Escrow?
What is Title Insurance?
What to Look for in a Title Insurance Company?
What to Expect at Closing?
Follow the link below to watch these informational videos and to learn more.