Q and A · Federal Title & Escrow Company

Hazard Insurance – If I change it, will it affect my mortgage?

Written by Guest on January 13, 2015.

If you are like everyone else, you have at least one New Years’ resolution. Some choose weight loss, others fiscal awareness, other personal awareness, etc, etc. If one of your resolutions is to lower your monthly costs and you are looking...

What does it mean when my DC property is classified as Class 3?

Written by Guest on April 9, 2013.

As a real property owner in the District of Columbia, the last thing you would ever want or need is for the Department of Consumer and Regulatory Affairs to classify your property as Class 3 – Vacant Real Property. That’s because the...

Q&A: Do I really need a land survey?

Written by Guest on February 28, 2013.

Q. What is a location survey? A. A location survey is a sketch or drawing that shows the boundaries of a particular property. Also, the survey typically includes the dimensions of the house, patio or any additions as well as the locations...

Title insurance Q&A

Written by Guest on July 29, 2011.

What will standard title insurance cost? Standard Owner’s Title Insurance premium is based on your purchase price. Enter your purchase price and answer a few other questions here to obtain an instant quote for the cost of both standard and...

Deed transfers in Washington DC

Written by Guest on November 11, 2010.

We often receive calls asking to add or remove an individual from the deed or title to a property. People are often shocked to find out that, depending on the type of transfer, there may be a Recordation and Transfer Tax involved, even if...

Real estate closings in Virginia: FAQs

Written by Federal Title on September 16, 2010.

In the state of Virginia, closings are conducted by independent closing agents and attorneys; both will be referred to as "closing agents" in this article. Who decides the closing agent or attorney who will handle my closing? It is your...

The Maryland Homeowner’s Property Tax Program

Written by Guest on August 10, 2010.

Most homeowners know about the Homestead Program; most homeowners do not know about the Maryland Homeowners’ Property Tax Credit Program. This article answers many of the common questions we hear from Maryland homeowners regarding property...

DC First-time Homebuyer Tax Credit: the forgotten credit

Written by Guest on April 8, 2010.

This credit no longer exists however you can find the LATEST information here on DC’s Newly Enacted First-Time Homebuyers Recordation Tax Reduction program. With all of the focus on the $8,000 Federal First-time Homebuyer Tax Credit...

What happens after settlement of a refinance property in the District of Columbia?

Written by Guest on April 6, 2010.

A few things that happen after closing a refinance of a property in the District of Columbia. First, if the property refinanced was your principal residence, a period of three business days from the date of signing the documents – often...

Releasing a mortgage lien

Written by Guest on April 1, 2010.

A lien is a legal claim against property that must be satisfied when the property is sold. The lien provides notice that the bank has a secured interest in the property and guarantees the bank that the property cannot be sold or transferred...

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Tag: Q and A

Hazard Insurance – If I change it, will it affect my mortgage?

What does it mean when my DC property is classified as Class 3?

Q&A: Do I really need a land survey?

Title insurance Q&A

Deed transfers in Washington DC

Real estate closings in Virginia: FAQs

The Maryland Homeowner’s Property Tax Program

DC First-time Homebuyer Tax Credit: the forgotten credit

What happens after settlement of a refinance property in the District of Columbia?

Releasing a mortgage lien

Settlement Observer

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DC Tax Abatement Income, Purchase Price Thresholds Increase

Without title insurance, new homeowner pays special assessment

How to scan your closing documents when you don’t have a scanner