What is an example of a title insurance claim?

What is an example of a title insurance claim?

You may be aware that there is such a thing a Title Insurance. However, if you have never purchased property you may not know what it covers. Even during the process of purchasing a home, buyers may decline an Owner’s Tittle Insurance property because they think it’s...
Loan Commitment Letter vs Pre-Approval Letter

Loan Commitment Letter vs Pre-Approval Letter

In competitive buyer’s markets where houses for sale are few and far between and homes for sale typically receive multiple offers, buyer’s need to position their offers with as much strength as possible. This may include offering fast closing dates, making offers...
What is a Loan Commitment Letter?

What is a Loan Commitment Letter?

A Loan Commitment Letter, also known as a Mortgage Commitment Letter or Mortgage Loan Commitment Letter is a written and signed document from the lender or mortgage company that states the listed borrowers have been approved for the loan by an underwriter. That’s the...
What is a Loan Payoff Letter?

What is a Loan Payoff Letter?

Have you ever sent a loan payment intending to pay off your credit card balance in full only to get a notice the next month saying that there is still a balance due? This typically happens because your monthly statement does not reflect interest that is accruing from...
Do I Need a Survey When Buying a Property?

Do I Need a Survey When Buying a Property?

A property survey is a precise measurement and delineation of the size, shape, and boundaries of a property. Typically performed by trained and certified Surveyors, property surveys serve to create an official record of property lines, easements, and land placement....