Our Blog

An ongoing series of informational entries

What is Title Insurance?

May 22nd, 2018

      If you never have purchased a home, you might not be familiar with title insurance. Title insurance protects both home owners and lenders against loss or damage occurring from liens, encumbrances, defects in the title, or actual ownership of a property. Unlike traditional insurance, which protects against future occurrences, title insurance protects claims from past occurrences. The two types of title insurance are lender's title insurance and owner's title insurance.

     Lender title insurance policies protect the mortgage lender in the event the seller wasn't able to legally transfer the title of ownership rights. The lender's title insurance policy only protects the lender if a title or ownership problem arises after the property is purchased. A lender's title insurance policy is issued for the amount of the mortgage, and the coverage decreases as you pay down your loan. The lender's title insurance policy ends when you pay off your mortgage. If you borrow money to buy your home or property, your lender is most likely will require you to purchase a lender's title insurance policy.

     Owner's title insurance polices protect the home owner for the full price of their home plus legal costs if a title or ownership issue arises after they buy their home. This type of title insurance policy is issued for the amount the home owner paid for their home, and will cover the home owner as long as they own an interest in the property. The home owner is not required to purchase an owner's title insurance policy. 

     The title company of choice for RLW Home and Property Solutions, LLC is Title2Land, located in Baton Rouge, LA. Lane Bennett is the title attorney for Title2Land, and has been in business since 1998. He has closed over 50,000 property transactions. There isn't a property transaction that they haven't seen, and it would be a pleasure for them to go over any questions you may have about title insurance policies, and how title insurance policies can protect you on your home or property purchase. Check out their website www.title2land.net. You can also reach out to me through our CO​NTACT US ​link and fill out the simple form. We will get back with you immediately, and answer any questions you may have about title insurance policies, and hopefully we can help get your property to the closing table!

     

Our Blog

An ongoing series of informational entries

Duties and Roles of a Title Company

May 15th, 2018

      Title companies have several roles in a common real estate transaction. Title companies generally act as the combined agent of the insurance company, buyers, sellers, realtors, mortgage lenders, and any other parties related to a real estate transaction. Title companies review titles, issue insurance policies, facilitate closings, and files and records paperwork.

     Title companies have real estate title search and review departments. These departments review public records, in order to inform all interested parties of the status and condition of the title to the subject property. Title companies also provide title search information pertaining to various types of legal action involving the real estate property.

     Title companies are often closing agents for real estate transactions. This means the title company is an agent to all parties involved in the real estate transaction. The title company obtains signatures for all the closing documents, and the title company receives and distributes payments related to the real estate property transaction. After all parties sign the documents, the title company will record these documents that need to be recorded in the local parish or county land records office. 

     The title company of choice for RLW Home and Property Solutions, LLC is Title2Land, located in Baton Rouge, LA. Lane Bennett is the title attorney for Title2Land, and has been in business since 1998. He has closed over 50,000 property transactions. There isn't a property transaction that they haven't seen, and it would be a pleasure for them to go over any questions you may have about the duties and roles of a title company. Check out their website www.title2land.net. You can also reach out to me through our CO​NTACT US ​link and fill out the simple form. We will get back with you immediately, and answer any questions you may have about closing costs, and hopefully we can help get your property to the closing table!

     

Our Blog

An ongoing series of informational entries

What are Closing Costs?

May 7th, 2018

      Everyone who has bought or sold a property in real estate has had to pay closing costs. Closing costs are expenses over and above the purchase price of a property in a real estate transaction. Costs that may incur include loan origination fees, points, appraisal fees, title searches, title insurance, taxes, recording fees, realtor fees, home warranties, HOA dues, etc. These costs are paid when the title is transferred from the seller to the buyer. The total dollar amount usually depends on where the property is being sold, and the value of the property being transferred. Closing costs may be paid by either the seller, buyer, or both.

     The title company of choice for RLW Home and Property Solutions, LLC is Title2Land, located in Baton Rouge, LA. Lane Bennett is the title attorney for Title2Land, and has been in business since 1998. He has closed over 50,000 property transactions. There isn't a property transaction that they haven't seen, and it would be a pleasure for them to go over any questions you may have about closing costs, who pays what, and how much the fees would entail. Check out their website www.title2land.net. You can also reach out to me through our CO​NTACT US ​link and fill out the simple form. We will get back with you immediately, and answer any questions you may have about closing costs, and hopefully we can help get your property to the closing table!

     

Our Blog

An ongoing series of informational entries

Selling Your Home Without an Agent

March 16th, 2018

      So you are ready to start a new life adventure, and need to sell your home or property. Many homeowners think the only ways to market their property is to do it themselves or hire a real estate agent. The reality is that there's another strategy in getting their home sold without consuming their limited time and resources to list it themselves or paying out a realtor commission. Have you heard of this strategy?

     There is a world of real estate investors out there that are always looking for properties to purchase. They are either looking for properties to rehab and put back on the market, or they are looking for rental properties to generate passive income. Your home or property might just be the one they are looking for in their next investment.

     Many of these investors are looking to purchase homes with cash, which can bring your property to the closing table faster then traditional bank financing. You might be looking to move into your new property as quickly as possible, and can't wait 30 to 45 days to get your money for your agreed upon sale.

     This is where my company, RLW Home and Property Solutions, comes into play. I work with other rehab investors in looking for properties that need to be fixed up or updated, and we almost always deal in cash transactions. If I don't purchase your property directly, I can direct your home purchase to another investor that most likely will if it fits their criteria. Plus, I know a title company that can get your property to the closing table in 3 days! 

     Click this CONTACT US link, and fill out the simple form. I will get back with you immediately, and can usually make you an offer within 24-48 hours. By working with me, you don't have to pay any realtor commissions, and get you a CASH payment extremely fast and hassle fee. Let me help you in starting your next chapter life without the worry and frustration of getting your current home off the market!

     

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