LATEST INDUSTRY NEWS

  • What is title insurance? (The answer could save your home)

    A title insurance policy may be the sole reason you’ll escape a world of legal home ownership headaches. Purchasing a home normally goes with few major hitches, but not always. You pay tens of thousands for your dream home, but later discover someone else legally owns your home. Sounds like a nightmare? You bet, it … Continue reading “What is title insurance? (The answer could save your home)”

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  • Buyers Turn to Crowdfunding to Afford a Home

    RealtorMag | May 14, 2018 More aspiring home buyers are increasingly turning to crowdfunding to drum up money for a down payment. Several new crowdfunding platforms have debuted, such as HomeFundMe and Feather the Nest, to help potential home buyers raise funds to purchase a home or make home repairs. Online registries like HoneyFund include … Continue reading “Buyers Turn to Crowdfunding to Afford a Home”

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  • TRID 2.0 Will Require Significant Revisions to Existing Software

    Mortgageorb | May 14, 2018 | Patrick Barnard Despite the recent turmoil in the leadership ranks of the Consumer Financial Protection Bureau (CFPB) and the ongoing possibility of regulatory rollback, the mortgage industry must nonetheless move forward and prepare for the next iteration of the bureau’s Know Before You Owe/TILA-RESPA Integrated Disclosure rule, also known … Continue reading “TRID 2.0 Will Require Significant Revisions to Existing Software”

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  • This Start-Up Aims to Help Almost Any Homebuyer Make an All-Cash Bid

    CNBC | May 14, 2018 | Diana Olick Cash is king in today’s ultra-competitive housing market, where demand from both investors and owner-occupants far outpaces supply. Sellers would much rather close a deal quickly, without the time and risk of a buyer’s loan financing. But most buyers don’t have all that cash, and that’s where … Continue reading “This Start-Up Aims to Help Almost Any Homebuyer Make an All-Cash Bid”

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  • Why smart property buyers are using an independent title service

    During a property purchase in North Carolina, you’re going to need a great independent title service to avoid any nasty surprises in your future. When legal records have errors or discrepancies, you need to be protected against any unexpected claims to your land. With problems in documentation being easily overlooked, title insurance is the ultimate … Continue reading “Why smart property buyers are using an independent title service”

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  • Why you must have title insurance in North Carolina

    Without title insurance in North Carolina, the purchase of property has a ton of hidden legalities that could damage your ownership. Fortunately for you, the state requires that you have insurance on your property title. Like all insurance, it can truly feel like just another expense to dig into your wallet. However, this requirement is … Continue reading “Why you must have title insurance in North Carolina”

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  • HOW IT BENEFITS THE BUYER AND THE LENDER

    Homebuyers are often overwhelmed by the long list of services that accompany a real estate purchase. Title reports, appraisals, home inspections, flood determination, credit reports, tax determination and surveys are all necessary to reassure everyone involved in the transaction that the property is marketable, insurable and deemed a worthy investment by the consumer as well as their lender.

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  • How Errors in Public Records Can Affect Your Home’s Title

    Although the property you just purchased is new to you, it has a history, and sometimes, these histories can include unwanted baggage. During a real estate transaction’s closing process, a title search on the property is completed to determine whether there are title defects that can have an effect on the purchase.

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  • Insurability Versus Marketability

    It’s a question we regularly receive: how is a property’s insurability different from its marketability? These two terms, both widely used in the transactional real estate industry (but rarely used anywhere else), are in fact nearly identical in their meanings. It’s no surprise they are so easily confused.

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  • TRID ONE YEAR LATER: A LOOK BACK AT THE EFFECTS OF TRID

    October 3, 2015, heralded in a huge change for the mortgage industry. It became the implementation deadline for some of the largest changes the industry had seen in decades. The TILA-RESPA Integrated Disclosure Rule (TRID) was enacted by the Consumer Financial Protection Bureau in order to make the borrowing process more transparent and understandable.

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