When you’re buying a home, you want all the details you can get. As of October 3, 2015, new regulations will require lenders to provide consumers with new mortgage rate and fee quote documents, with more time built into the process for reviewing them. Here’s an overview. Regulatory background Consumers financing homes in the U.S. are […]
Title search: the most important exercise in real estate transaction Title search is a very common term that you come across in real estate dealings. There are title companies that offer professional services for a title search that is a mandatory exercise to be undertaken when you are buying a property. Therefore, before completion of
Title Search: The most important exercise in the Real Estate transaction Read More »
You’ve decided to purchase a home or refinance your existing home. The terms have been agreed on and all financial arrangements have been made. But one important detail remains. Before the transaction can close, a title search must be done. The most accurate description of title is “a bundle of rights in real property.” A
Electronic Recordings in Connecticut On June 28, 2013, Corporation Service Company® (CSC) issued a press release stating that release of mortgage was filed by CSC with the Glastonbury Town Clerk’s Office on June 25, 2013, by using the Erecording module, an Official Records System provided by NewVision Systems Corporation. According to the press release the
A report release by the American Land Title Association states that approximately $11.5 billion in total title premiums was generated in 2012. The increase from 2011 to 2012 was approximately 14.1%. The Top Five Producing States in 2012 were. California at $1.7 Billion Texas at $1.4 Billion Florida at $893 Million
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“MERS” Document Recording Fees are Increasing under the Connecticut Budget Bill. The Connecticut General Assembly has approved the biennial budget House Bill 6704. Governor Malloy is expected to sign the Bill, which will go into effect on July 1, 2013. Sections 97 and 98 increase recording fees for documents where there is a “nominee of
