title business
By Lydia Blair Special Contributor A Title Plant is not a big factory that produces property titles. Nor is it a flowering bush used in real estate transactions. A Title Plant – also called an Abstract Plant – is an operation used as the basis for delivering title insurance. The main focus is on historical…
By Lydia Blair Special Contributor Judgment Day in the title business is when the title search comes in and the skeletons in the closet come out. These types of skeletons often come in the form of an Abstract of Judgment. Most law abiding folks aren’t familiar with an abstract of judgment or how it affects…
By Lydia Blair Special Contributor Title companies are like the private detectives of real estate. That’s right. We’re like a combination of Sherlock Holmes and James Bond. Only without the guns and fast cars. Well, maybe we’re closer to a mixture of Nancy Drew and the tech nerd in the back of your office.…
By Lydia Blair Special Contributor One of the quirks of the title industry is the roller-coaster pace of business. A week day in mid-January can be as boring as watching paint dry. The last Friday of the month in the summer feels like bungee jumping into fire. While title companies are generally glad to close…
By Lydia Blair Special Contributor The Texas Real Estate Commission (TREC) recently updated the standard residential contracts to now address policies regarding deposits of earnest monies. These changes become mandatory May 15, 2018. On the first page of the newly updated Texas contracts, it states that “Within 3 days after the Effective Date, Buyer must deliver $___…
