Posts Tagged ‘#TitleInsurance’
How does the Truth In Lending Act affect consumers?
Congress passed legislation that outlines requirements to protect mortgagors from destructive loaning practices in 1968. This legal mandate is named the Truth in Lending Act (TILA). Besides, TILA protects individuals from dishonest financial providers who want to take advantage of the consumer. A Deep Dive into Truth in Lending Act The Office of Comptroller of…
Read MoreWhat’s the Process for Closing on Commercial Properties?
Typically the closing process for commercial properties is much longer than residential closing. For example, a residential mortgage closing may take as long as 30-60 days from the contract to close. Commercial transactions take additional time because of the more essential details. For example, the property owner buys an existing commercial property to expand their…
Read MoreWhen will the title agent provide you with a deed?
At closing, we, as title agents, will provide you with the executed deed so that you may verify vesting. Still, the title agent will ask for it back. The initially submitted deed is to the county your property resides for recording. When the county has recorded the deed into public records, the title agent will…
Read MoreAspects of Commercial Real Estate Transactions
Title insurance is one of the critical aspects of commercial real estate transactions. Without title insurance, both the buyers and sellers would most likely find the risks of buying and selling property too high. Because the amounts of money are significant, financial transactions are more intricate. Title insurance plays a dynamic role in buying and…
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