Liens and Titles and Deeds, These Are a Few of Our Favorite Things
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CandysDirt.com presents a new feature on everything you’ve ever wanted to know about the title business (and then some): deeds, the closing process, and the title company business. Why, when you buy a home in Texas, do you have to close at a title company? Can you close elsewhere? Can you shop around for title policy rates? Who chooses the title company and why? How is the home closing business changing with the times? And what, ye gads, would happen if the title company did not pay off your mortgage as promised? Our inquiring real estate minds have always wanted to know this stuff, so we reached out to former Realtor turned title company expert Lydia Player Blair, who will be reporting on the title business for us exclusively.
And it’s not nearly as scary as it sounds. Take it away, Lydia:
Want to know why buyers need title insurance? We’ll fill you in. Ever wonder how closing costs are distributed? We’ve got the answers for you. What’s involved in a title search? The experts will explain. That’s right. We’re here to help de-mystify the entire process of titles, transfers and conveyances. From the dirty deeds of wire fraud and con artists to the meticulous nuances of records and documenting.
I’m Lydia Blair (formerly Lydia Player) and I bring more than a dozen years of real estate experience to the CandysDirt.com team. When it comes to the title business, I’ve been down the closing path many (many, many, …) times. However, I’m not an attorney. And I don’t play one on TV – or anywhere else. So, you won’t just get the inside scoop from me. Each week we’ll go straight to the experts, the best title minds in the Texas title business to answer your questions and shine some light on the inner workings of the industry. Got questions? Fire away! [email protected].
To kick off this first column, I’ve got dirt.
I’m off at the 27th annual Texas Land Title Institute in San Antonio this week, where I’ll bring you all the latest news. This year’s sold out conference includes Dawn Moore of Allegiance Title in Dallas, speaking about a topic we all love to hate: homeowners associations or HOA’s. Dallas’ Paul McNutt of Title Resources Guaranty Company will be teaching a doc prep class on survey issues. Registered Dallas folks at the conference include Steve Holley with Republic Title, Tracy McMahon of Capital Title, Joe Theriot with Lawyers Title, Bill Woodall of Chicago Title, along with several DFW professionals and attornies who will be instructing,
We may skip the specifics of the Home Equity Lending class – yawn. But you can be sure, I’ll relay any important details about the new Power of Attorney rules and how the industry expects the remote closing process to make waves in the next year. Just as real estate brokerages, mortgage companies and the entire real estate industry is undergoing changes, so is the title business. The changes we’ll be hearing about this week will be sure to have a ripple effect that will be felt by Realtors, buyers and sellers. We’ll see what the experts say about how strong and fast those waves of change will be hitting us.
On a lighter note – If you’re wondering how the conventioneers of a title industry event like to have fun, oh baby. Look for my boots-on-the-ground report from the “Parties in Possession” class. It could be entertaining, and I promise to keep the boots on!
