Title Business
An increasing number of problems with cashier’s checks have some title companies revising their requirements for cashier’s checks and the delivery of funds needed to close a sale. Many title companies may now require buyers to wire money to them if the amount is substantial. Some have set the limit for cashier’s check at $5,000,…
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Let’s play an old-fashion game of 20 questions – the real estate version. In this guessing game, all the answers are supposed to be a simple yes or no. The challenge for most attorneys and escrow officers to answer just yes or no is because we are accustomed to elaborating on answers to allow for…
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Why would a home seller prefer a cash buyer? After all, the seller gets their funds from the title company the same way regardless of how the buyer pays. Sellers often do not care where the purchase money is coming from, as long as the buyer can get their loan approved in a reasonable amount…
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This tip is not about ugly houses that some folks consider unsellable. Those homes might be undesirable, but not technically unsellable. Let’s talk about issues that could make a property legitimately unsellable – meaning you cannot legally transfer the title or get title insurance. These problems have nothing to do with aesthetics. If someone, who…
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If you are selling a property that is part of a Homeowner’s Association, get ready for a potential surprise. I’m finding some upset sellers dealing with the recent change to paragraph C in the HOA addendum. Last month (April 2021), the Texas Real Estate Commission made a slight change to the form titled Addendum For…
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