title company
No Title Insurance? What Could Happen?
What could happen without title insurance? Chicago Title’s Gina Giannelli describes bad situations that happened when the property owners did not have title insurance. Buying title insurance protects you and your property.
Property Transfers Into Revocable Living Trust
If you want to transfer property in to a revocable living trust – can you do so without a lawyer? Because it can be a complicated process and an error with the title could cause future problems, you should pay an attorney to do it. Or you can go to a title company for help.
Lender Leaves Mortgage With Title Company
A mortgage lender backs out of a deal leaving the title company to pay off the seller. The title company closed the transaction after the lender failed to properly fund the closing. Now instead of paying a lender, the title company expects payments.
Divorced Spouse Sells Property And Commits Fraud
When you get divorced you may still own property with your ex-spouse, perhaps as tenants in common. If one of the partners sells the property without the permission of the other, that spouse is committing fraud. What are the options for the other spouse?
Quit Claim Deeds For LLC
Filling out a quit claim deed for a limited liability company is not difficult, but it must be done accurately. The best way to make sure your quit claim deed is filled out correctly is by consulting a real estate attorney. Another important aspect of filling out a quit claim deed, is checking with your title company to make sure the LLC is covered under your title insurance. Using a quit claim deed to convey a title to an LLC may cancel any coverage under the original title insurance policy.
Real Estate Law Restricts Who Can Receive Fees From Home Purchase
When you buy a home, it’s good to understand whether the professionals involved in your home purchase can receive referral fees. The Real Estate Settlement Procedures Act prevents giving lawyers, real estate brokers and mortgage lenders referral fees. Learn how to stay clear of any illegal activity and follow real estate law when it comes to fees.
Easement Problem Not Disclosed By Title Company
When you buy a home, it’s the title company’s job to find easements during the title search process. What can you do if the title company does not disclose an easement? Easements may include landscaping issues and could affect the way you manage your property. Can you win a lawsuit over an easement?
Real Estate Lawsuit Concerns New Construction
What happens if your new home gets built on the wrong lot? You may be involved in a lawsuit with the builder, mortgage lender, title company and real estate agent. To sort out who’s responsible for what and to ensure that you get clear title to your new home, make sure to hire a good real estate attorney.
Mortgage Pay Off: How to Get Lien On House Released
What do you do if you pay off your mortgage, but there is still a lien on your home? If the mortgage company you bought the loan from is no longer in existence, there is still a way to get the lien off your house and prove you paid off the mortgage. Ilyce suggests that a local title company may be able to track down the mortgage company and get the lien off of the house.
Breach Of Contract Due To Pool Water Damage
What can you do when your earnest money gets held up due to a damaged pool? It’s up to the seller to disclose water damage and if he doesn’t the buyer may have to hire a real estate attorney to get his earnest money back from the seller. Learn about breach of contract and seller disclosure in this situation.
