Title Business

Title Tip: Who is Responsible For Fixing an HOA Violation, The Buyer or The Seller?

By Lydia Blair / June 16, 2020 /

A recent home buyer posed a question about an HOA violation concerning their new home. It seems the fence installed by the previous homeowner a couple of years ago doesn’t conform to the HOA rules. Now the HOA is requiring the new owner to bring the fence into compliance with the HOA regulations. Who is…

Title Tip: The Dos And Don’ts of Using an Electronic Signature

By Lydia Blair / May 19, 2020 /

The real estate industry has been ramping up its use of technology to conduct business over many years. Now, more than ever, buyers and sellers frequently execute signatures to seal the deal on contracts for efficiency and convenience. Digitally signed real estate contracts became more popular about 15 years ago with the passage of electronic…

Title Tip: Health Concerns Give The Title Industry a New Face

By Lydia Blair / May 5, 2020 /

Health concerns have created disruption in title business practices and are forcing changes to real estate closings in 2020. As the ‘new normal’ continues to evolve, title companies are adapting in their own ways, each at a different pace. Some have quickly embraced changes required for social distancing while others are taking a little longer…

Title Tip: When is a Foot Not a Foot? U.S. to Change Official Measurement

By Lydia Blair / April 21, 2020 /

Not all surveyors have two right feet. But some do. For more than 100 years, there have been two different survey definitions of the 12-inch measurement known as a foot. But change has been afoot for some time for the official measurements used by U.S. surveyors. Many land surveyors use the widely accepted International Foot…

Title Tip: 2019 Data Shows How Texas Ranks on Closing Costs

By Lydia Blair / April 7, 2020 /

Recently released national closing cost data showed that in 2019 average closing costs remained flat despite an increase in home prices. The average closing costs in Texas was $3,744 with an average sales price of $274,163. The average closing costs in Texas was 1.75 percent of the sales price. That put Texas ranked 28th in the…