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Public Record Errors Affect The Title To A Commercial Property
How Public Record Errors Affect The Title To A Commercial Property Even though the commercial property you just bought is new to you, it has a history, and sometimes, these histories can include unwanted problems. As part of the closing process, a title search on the...
What is Commercial Title Insurance?
What is Commercial Title Insurance? As real estate is the nation’s largest market, the purchase and sale of commercial property is essential to the health of the U.S. economy. However, these transactions are never without risk. That’s why title insurance has been...
Owners Policy Rate Calculator
Rate Calculator Use this app to calculate rates for Owners Title Insurance Policies. Be sure to add $300.00 for Search and Exam Charges. If a simultaneous Loan Policy is to be issued, add and additional $125.00....
A Question of Title
Many times I have been asked about how many years we search back in the public records when we are searching title to a piece of property. Typically in Alabama, we search the title back at least sixty years unless, we have a starter file or existing title policy that...
Jefferson County Mortgage Report- March 2018
The March 2018 Jefferson County Mortgage Report is out. There were 1379 mortgages filed in February of 2018, a decrease of approximately 10% from February of 2017, which had a total of 1524 mortgages filed for that time period. February 2018 mortgage filings were...
What Is Equity?
http://bucket.wistia.com/medias/czyw3zaydj?embedType=async&videoFoam=true&videoWidth=640 Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example...
What Are Real Estate Commissions?
http://bucket.wistia.com/medias/c7eebst2lt?embedType=async&videoFoam=true&videoWidth=640 Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one...
What Is “Prime”?
http://bucket.wistia.com/medias/xv74vmgka9?embedType=async&videoFoam=true&videoWidth=640 The Prime Lending Rate - sometimes just called “Prime” - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs -...
What Is An Escrow Account? Do I Need One?
http://bucket.wistia.com/medias/lyd2d0oa23?embedType=async&videoFoam=true&videoWidth=640 As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges...
What Are Discount Points?
http://bucket.wistia.com/medias/i70af0stph?embedType=async&videoFoam=true&videoWidth=640 Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point...