Title Company

Title Tip: How Are Title Companies Combating Money Laundering?

By Lydia Blair / November 2, 2021 /

Criminal activity in both residential and commercial real estate is going strong. The U.S. has become a “safe haven” for money laundering with real estate investments leading the way.  The figures are “staggering” according to a recent report from Global Financial Integrity (GFI), a Washington-based research institute that studies the movement of illicit finances. They…

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Title Tip: What’s The Best Way To Send an Electronic Funds Transfer During Closing?

By Lydia Blair / October 5, 2021 /

Not all money transfers are created equal. Both wire and Automated Clearing House (ACH) transfers are ways to electronically move money from one bank account to another. They may seem alike, but they are not. These methods of sending funds are referred to as an EFT or electronic funds transfer.  EFT is an umbrella expression…

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Title Tip: What Can Condo Dwellers Do When Their Car Needs Space?

By Lydia Blair / July 27, 2021 /

Ready to learn a lot about lots? Particularly about condominium parking lots and assigned spaces.  Sometimes the purchaser of a condominium wants verification and a guarantee of the corresponding parking space that comes with their unit. This can be problematic because most condo owners don’t officially own their parking spaces or the title to them.…

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Title Tip: If You Think Closing is Getting More Expensive, You’re Not Wrong

By Lydia Blair / March 23, 2021 /

Recently released national closing cost data showed that in 2020 closing costs increased for both purchases and refinance transactions. Average closing costs for a single-family home increased by almost 6 percent while the average home sales prices increased by almost 10 percent. The closing cost data, announced by ClosingCorp, calculated the cost of title insurance,…

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Title Tip: Why Does The Title Company Need to Know if I’m Single or Married?

By Lydia Blair / December 15, 2020 /

A reader asks: I’m buying a home and the title company says that my deed has to show if I’m single or married. I don’t think that is anyone’s business. Do I have to disclose this personal information to them? The short answer to your question: Yes. While respecting a person’s right to privacy, the…

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