With the growing concerns over foreclosures, unpaid taxes, bankruptcies and clouds on title, the need for title insurance is at an all time high. And yet every year a handful of purchasers waive their opportunity to purchase an Owner’s Title Insurance Policy. While the number that waives title insurance is small – probably less than 1% of all of our purchase transactions – the excuses for waiving are often similar.

Our website provides an explanation of title insurance, but here are a few of the most common excuses used for waiving coverage, followed by the reasons why those excuses are unsound.

Excuse:  “The sellers have lived there for 25 years.  If there was a problem, it would have come up before.”
Debunked:  Even though the seller has owned a property for 25 years, it does not mean that a defect does not exist – the defect could have been there all along. And new defects could have arisen during the prior ownership.  

How would you like a chance to be front and center before thousands of curious consumers with a genuine interest to purchase or refinance a home in the near future?

Better yet, what if you could broadcast your real estate industry expert knowledge and exponentially increase your exposure to these potential clients without spending a dime?

That's what Federal Title & Escrow Company is offering to mortgage lenders, real estate agents and other industry experts in the DC Metro Area – the opportunity to submit an article for a special guest column featured weekly on the company blog.

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A daily dose of headlines for real estate agents, mortgage lenders and consumers.
An increasing number of real estate firms are providing homebuyers with free smart phone applications, commonly referred to as "apps," to make house hunting easier than ever.

While websites have offered similar technology for years now, mobile apps literally put this power in the palm of the homebuyer's hand, providing a snapshot of the local real estate market in real-time. Apps use smart phones' global-positioning technology to provide all kinds of information, from a homes features and amenities to property values to information about local schools and crime statistics to photos of the surrounding neighborhood.

In the light of the current residential real estate market, short sales and foreclosures in Florida are becoming more commonplace. As with standard real estate transactions, taxes play a large part in the closing process when it comes to short sales and foreclosures.

In Florida the closing agent is responsible for calculating the documentary stamp tax, intangible tax and other real estate taxes depending on the transaction. 
A daily dose of headlines for real estate agents, mortgage lenders and consumers.
At a time when one in four homeowners is underwater, and 2 million more Americans have gone through foreclosure, the thought of defaulting on a loan is becoming less taboo. In fact, many homeowners are taking a cue from high-profile investors, who have walked away from multi-billion dollar real estate investment projects, and choosing to cut their losses, the San Francisco Chronicle reports.

Foreclosure and delinquency rates remain high, a Treasury official said in a prepared statement Monday. And though there are signs of recovery in the housing market, the federal government still has a lot of work ahead of them, he said.

The DC Tax Abatement program is a program designed by the District of Columbia to help lower income homeowners purchase property. Here are some oft asked questions from agents and potential homebuyers.
A daily dose of headlines for real estate agents, mortgage lenders and consumers.
Borrowers are missing out on billions of dollars in savings because high rates of negative equity, tighter lending standards and falling incomes have made it difficult for many to refinance.

Federal officials are investigating ways to help refinancing borrowers, and last week the White House announced it will extend its Home Affordable Refinance Program.

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

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