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April 29, 2023
Components of a Title Commitment
Schedule A Schedule “A” of the Title Commitment reflects all of the information that identifies the specifics of the proposed transaction. Information contained on Schedule “A” includes the effective date of the commitment, proposed amount of insurance, type of policy(ies) to be issued, the name of the proposed insured(s), the person(s) in whom title is […]
February 27, 2023
Importance of Understanding Ownership Costs: Mitigating Risks and Ensuring Financial Preparedness in Property Transactions
Knowing the area tax rates is crucial when closing a property because it allows buyers and sellers to accurately calculate their financial obligations, such as property taxes, during and after the transaction. Understanding the tax rates ensures that both parties are fully aware of the potential costs associated with owning the property and can plan […]