Lydia Blair

Title Tip: Don’t Let This Escalate to an Escalation Clause

By Lydia Blair / November 5, 2019 / 0 Comments

This one is for all the naïve buyers and sellers out there who think an escalation clause is a good idea. We’re not trying to shame you or say you’re wrong, but let’s just tell it like it is. It’s wrong for most residential contracts. That’s right, I said it. An Escalation Clause is wording […]

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Title Tip: Common Mistakes in Contracts That Can Get You Sued

By Lydia Blair / October 22, 2019 / 0 Comments

Let’s play a game I like to call “Don’t Get Sued.” We surveyed fewer than 100 escrow officers and asked them: “What is a common mistake you see on residential contracts?” The top 8 answers are on the board. Ready with your buzzer? The survey says the 8 most common contract mistakes that could get […]

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Title Tip: Due and Payable — Time To Open Those Property Tax Bills

By Lydia Blair / October 8, 2019 / 0 Comments

It’s that not-so-wonderful time of year when property tax bills start hitting our mailboxes. At the time of this writing, tax statements have been mailed in Dallas, Collin, and Tarrant Counties. Bills are being posted daily from other counties and from other taxing authorities including school districts, community colleges, cities, improvement districts, etc. To get […]

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Title Tip: Sit Up And Take Notice of Paragraph 21

By Lydia Blair / September 17, 2019 / 0 Comments

Please take notice of the Paragraph 21 notice that is about notices and that many people fail to notice. Call it a notice, a notification, disclosure … whatever. Just don’t ignore it. Paragraph 21 of the Texas residential real estate contract reads: “All notices from one party to the other must be in writing and […]

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Title Tip: How Does a Seller Lease Back Work?

By Lydia Blair / September 10, 2019 / 0 Comments

How to make a buyer’s agent cringe: Ask for a 60 day seller lease back. While lease backs hold appeal for many sellers, it’s enough to make Realtors shudder at the thought of the problems that can accompany them. A Sellers Temporary Lease allows the seller to continue living in the home after closing for […]

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Title Tip: What’s The Difference Between a Condo And a Townhome?

By Lydia Blair / September 3, 2019 / 1 Comment

Many folks think condos and townhomes are like po-tay-toe and po-tah-toe. They’re pretty much the same. When actually, they’re more like potato and tomato. Just because the property sits on the ground and looks like an attached house, doesn’t make it a townhouse. And a condominium doesn’t always look like an apartment. There are condos […]

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