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Understanding your Closing Disclosure (CD) when purchasing a home, and how it differs from an ALTA Settlement Statement

Understanding your Closing Disclosure (CD) when purchasing a home, and how it differs from an ALTA Settlement Statement

by irina | Sep 14, 2022 | Settlement Services, Title & Escrow, Title Insurance

A closing disclosure statement is a document that outlines all of the financial details of your home purchase. What is included in a closing disclosure statement? This document is extremely important, as it lists all the charges that you will be responsible for. It’s...
Great reasons to sell your home

Great reasons to sell your home

by irina | Sep 7, 2022 | Settlement Services, Title & Escrow, Title Insurance

Should you sell your home? It seems like a simple question, yet ask 10 people and you will likely get 10 different answers. Within real estate markets there always seems to be so much conflicting information. Plus, everyone thinks they are an expert! Even people who...
What to look for in a title insurance policy?

What to look for in a title insurance policy?

by irina | Sep 7, 2022 | Settlement Services, Title & Escrow, Title Insurance

Arriving at the closing table is an exciting culmination to a real estate transaction. For buyers, in addition to purchasing a property, they are also acquiring home insurance, possibly a home warranty, and two types of title insurance. The first is a lender’s...
What is a closing protection letter?

What is a closing protection letter?

by irina | Sep 7, 2022 | Settlement Services, Title & Escrow, Title Insurance

A Closing Protection Letter (CPL) is a contract between a lender and a title insurance underwriter in which the underwriter assumes liability for actual losses caused by a closing agent’s act of fraud, negligence, or incompetence. When Did Closing Protection Letters...
What is a closing agent?

What is a closing agent?

by irina | Sep 7, 2022 | Settlement Services, Title & Escrow, Title Insurance

A Closing Agent, in some states known as a Settlement Agent, is a professional who is trained in real estate transactions and legal compliance. The agent coordinates the accurate and compliant closing of real estate transactions. The closing or settlement takes place...
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