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How to change your chosen title company after you have a ratified sales contract

Written by Federal Title on 2022-08-02.

You can change title companies with the consent of the seller, through a simple addendum to the ratified sales contract. View our settlement agent-change sample addendum.What happens if a homebuyer doesn’t about their right to choose a...

Homebuying competition drops in D.C. real estate market

Written by Federal Title on 2022-08-01.

The stories about homes for sale receiving multiple offers, contracts with waived contingencies and properties purchased sight unseen may soon be coming to an end.Rising interest rates, inflation, high home prices and an uncertain economic...

SECURE Notarization Act passes in the House, paves way for national RON legislation

Written by Federal Title on 2022-07-29.

The U.S. House of Representatives passed a series of bills on Wednesday night that included the ALTA-supported Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act (H.R. 3962), according to a news bulletin...

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Real estate tax and escrow/reserves explained…

Written by Todd Ewing on 2022-07-15.

Homebuyers and refinancing homeowners are often confused at closing about their mortgage lender escrow/reserve requirements. Typically if a homebuyer’s down payment amount is less than 20% or a refinancing homeowner’s equity is less than...

Young couple looks surprised by high costs as they look at a receipt.

What really drives high closing costs? (Hint: It’s not home prices)

Written by Federal Title on 2022-07-12.

The tallies are in, and the District of Columbia officially ranks No. 1 for the highest average closing costs in the nation, according to a report on closing costs that ran last month in the Washington Post.Open Closing Cost Comparison...