Even if you own a home, you may not be familiar with title insurance. You may remember hearing something about it in the lead-up to your closing day, but you might not know all the details about the lender’s title insurance policy you paid for when you closed on your home. World Wide Land Transfer can offer you service as a … [Read more...] about The Top 4 Biggest Title Insurance Myths
Do You Need a Survey When Buying a Home?
Would you buy a pair of shoes without knowing what size they are? Of course, you wouldn’t, but plenty of real estate purchasers buy property having no idea how big their plot is and where its boundary lines are located. If you are buying real estate, you may consider a thorough survey an unnecessary expense, but it is … [Read more...] about Do You Need a Survey When Buying a Home?
What Are Affiliated Business Arrangements in the Real Estate Industry?
When buying real estate, your real estate agent will provide you with countless forms to fill out on or before closing day. The sheer amount of paperwork can be overwhelming, especially for first-time buyers. That’s why it can be easy to miss one particular form required by the Real Estate Settlement Procedures Act of 1974 … [Read more...] about What Are Affiliated Business Arrangements in the Real Estate Industry?
Do I Need Title Insurance for a Condominium Purchase?
While purchasing a condominium is similar to purchasing a single-family home in many ways, it’s also very different. When you buy a home, you own the building itself and the land it sits on; when you purchase a condo, you only own the space inside the unit. This could lead you to believe that you don’t need title insurance for a … [Read more...] about Do I Need Title Insurance for a Condominium Purchase?
National Association of Realtors Settles Collusion Lawsuits
In a landmark settlement, the National Association of Realtors (NAR) agreed to pay $418 million over the next four years to settle numerous lawsuits related to rules regarding the way real estate agents receive commissions. Critics of these rules claimed they created a conflict of interest which incentivized real estate agents … [Read more...] about National Association of Realtors Settles Collusion Lawsuits
What Happens If a Title Defect is Discovered When a Property Is Already Under Contract?
Putting in an offer on a home is one of the biggest financial moves you will ever make. While there are still some hurdles to overcome, formalizing your offer and having it be accepted by the seller will bring you one step closer to your dream of home ownership. But what if something comes up in the meantime that will prevent … [Read more...] about What Happens If a Title Defect is Discovered When a Property Is Already Under Contract?
