Posts Tagged ‘home title’

Your Home Title Insurance Rights in Maryland

Thursday, November 21st, 2013

It’s important to know your rights with regards to title insurance in Maryland. What are your rights when it comes to settlements and title insurance? Below is The Title Insurance Consumer’s Bill of Rights from the Maryland Real Estate Commission, which covers all of your rights as the consumer in the process.

 

Nine Things You Should Know Before Signing a Contract of Sale or Refinancing Your Property

 

  1. You have the right to choose your settlement agent and title insurer.
  2. You have the right to receive settlement cost information early in the real estate settlement process, allowing you to shop for the settlement services that best meet your needs.
  3. You have the right to receive an itemized settlement statement from the settlement agent detailing all fees paid to the settlement agent before you agree to use that settlement agent.
  4. You have the right to be informed about the total cost being paid by you to the settlement agent.
  5. You have the right to ask and receive accurate information from your settlement agent about whether there is a ground rent, lien, judgment, or any other impediment to outright ownership of the property.
  6. You have the RIGHT to request and receive from your settlement agent the Settlement Statement (HUD-1) the business day before the date of settlement.
  7. You have the right, before you sign, to ask the settlement agent questions and receive clear and complete answers about charges and documents that you do not understand.
  8. You have the right to receive copies from the settlement agent of all documents you signed at the time of closing.
  9. You have the right to have all funds disbursed timely and properly by the settlement agent in accordance with the Settlement Statement (HUD-1) you signed at closing.

 

Source: The Real Estate Settlement Procedures Act (RESPA) of 1974, 12 U.S.C.§ 2601 et seq.

 

Keep these rights in mind when choosing a settlement agent and title insurer. More information is available here.

 

 

 

home title insurance rights

 

 

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Baltimore title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

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The Importance of Title Insurance

Thursday, November 7th, 2013

American Home Title Group can help you avoid legal potential problems with our extensive experience in the business. We’ll make sure your home is properly titled and insured, which is important for several reasons. Here’s one of them.

 

One example of real estate fraud is when a seller assumes the identity of a property owner and tries to sell the property. Let’s say you own a property in Baltimore but live in California, and haven’t visited Baltimore in some time. In this example from Home Closing 101, someone could easily look up the public records of Baltimore properties with out of town owners who have owned the properties for a long period of time. It would be easy to determine that they weren’t living there currently, and to forge the proper deeds, assume the property owner’s identity and sell the property to a buyer. Title insurance would protect you from this kind of real estate fraud, and ensure that the property remained in your hands.

 

home sales

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

Source

 

http://www.homeclosing101.org/whyneed.cfm

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Get Your Home Titled in Howard County

Friday, November 1st, 2013

Buying a new home? Congratulations! Now it’s time for lots of paperwork. Buying a home is a very involved process, and no easy task. One of the things you’ll have to do after initiating the buying process is titling your home. In essence, a home title covers ownership of the land the property sits on. Having your home properly titled is important in order to avoid ownership disputes and potential legal issues. If you’re buying a home in Howard County, you can trust American Home Title Group to properly title your home, so you can enjoy your new homeownership.

 

home title options

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

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Home Title Services in Baltimore City

Friday, October 25th, 2013

Confirming the validity of your home’s title in Baltimore City is especially important due the nature of home ownership in the city. Properties may have changed hands many times, and the transfer of the title may not have been dealt with properly during one or more of these exchanges. Not having your property properly titled can lead to a lot of legal issues, even if the error had nothing to do with you and everything to do with a previous owner. Titles are also one of the more complicated aspects of buying a property, and the fact that they exist only in the abstract can make them even more confusing. Let American Home Title Group help you title your home in Baltimore, so you can be sure that your properly is properly titled, and that the title is properly ensured. There’s a lot of things you need to concern yourself with when buying a home, but with us on your side, a title won’t be one of them.

 

Baltimore home title company

 

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore City title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Baltimore City title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

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American Home Title Group: Your Baltimore County Title Company

Friday, October 11th, 2013

Do you need assistance with titling your home in Baltimore County? American Home Title Group knows that you have a choice to make. We believe that our experience and commitment to service makes us your best choice for a title company in Baltimore County.

 

We’ve been in the business for over 25 years, and that experience allows us to quickly and efficiently guide you through the home titling process. Our agents know what it takes to make sure your home titling goes smoothly. You can trust us to ensure that no issues will arise in the future, which can happen if not enough research is done on the history of the title and titleholders. We vet every title and its history completely, so you can have the peace of mind that comes from knowing your title has been properly accounted for. If you’re looking for a title company in Baltimore County, American Home title Group is the right choice.

 

Baltimore County title company

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore County title company ready to provide you with the best experience possible in every capacity.

 

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

 

As your Baltimore County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

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The Advantages and Disadvantages of Joint Tenancy

Thursday, September 12th, 2013

Joint tenancy is one option you have when titling your home. By choosing joint tenancy, two or more names are on the title, meaning that they all own the property.

 

Joint Tenancy is commonly used among spouses who want both of their names to be on the title. The main advantage of joint tenancy for spouses is its simplicity. If one spouse dies, the ownership of the property automatically passes to the surviving spouse. The spouse does not need to engage in court proceedings or obtain approval from a judge. He or she need only show a death certificate in order to obtain sole ownership of the property.

 

However, there are disadvantages to joint tenancy. It is especially dangerous when one or more of the parties involved has significant debt, as creditors may force that owner to sell the whole property in order to pay for the debt. Additionally, joint tenancy supersedes the deceased tenants will, meaning it could disinherit children or others, regardless of the wishes of the former tenant. Any party in a joint tenancy can also change their interest in the property to tenancy-in-common, and then transfer or sell this interest as they wish.

 

These disadvantages are the main reason why joint tenancy is more popular among married couples, as trust can be a big issue in this type of tenancy. American Home Title Group can advise you as to the best way to title your home and give you the peace of mind that comes with knowing your property is titled correctly.

 

American Home Title Group

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is ready to provide you with the best experience possible in every capacity.

 

American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to get started. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

Source

 

http://www.ethicalestateplanning.com/advantages-and-disadvantages-of-joint-tenancy/

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Home Title vs. Deed

Wednesday, August 21st, 2013

There is a difference between a home title and a deed, though they are often mistaken for the same thing. A deed is a physical document by which ownership transfers title to the property. The title itself refers to ownership of the property in a non-physical sense. A title is not a physical document but the actual intangible concept of ownership of a piece of a land.

title deed

 

There are several different types of deeds relating to real estate. They are the general warranty deed, the special warranty deed, the bargain and sale deed, and the quitclaim deed.

The general warranty deed provides significant protection to the buyer, as the seller is obligated to provide the following warranties, also known as covenants, to the buyer under the general warranty deed.

 

Covenant of seisin- The seller’s warrant that he has the right to convey the title to the buyer.

Covenant against encumbrances- The seller guarantees the title has no outstanding leins or other encumbrances.

Covenant of quiet enjoyment- The seller guarantees the title against third parties who might claim the property as their own.

Covenant of further assurance- The seller guarantees that he will take any necessary action to make the title good.

Covenant of warranty forever- The seller will compensate the buyer if the title fails.

 

The special warranty deed warrants that the seller received the title and that during the time the seller held the title, it was not encumbered by leins, except as noted by the deed.

The bargain and sale deed does not protect the buyer against encumbrances, but does state the seller possesses and holds the title to the property.

The quitclaim deed, like the bargain and sale deed, does not provide any warranties, but rather conveys whatever interest the seller had at the time the deed is delivered.

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is ready to provide you with the best experience possible in every capacity.

 

American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to get started. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

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How to Title Your Home

Friday, August 9th, 2013

Titling your home is an important step in the process of buying a home, though not all home buyers realize this at the time of titling. Titling your home correctly will ensure that any legal situations involving your home play out with your best interests in mind.

home title options

 

There are several options when it comes to titling your home. Sole ownership means that you and you alone hold the title in name, even if you own the property with other people. Joint tenancy with the right of survivorship lets you hold the title in more than one person’s name. Tenancy in common is another way to hold the title in more than one name, though there are a few differences between tenancy in common and joint tenancy.

 

In joint tenancy, when one of the person’s named on the title passes away, the title is transferred to the other named person without the property passing through probate, which is the validation or invalidation of a will after death. In tenancy in common, when one of the titleholders passes away, his or her interest in the property, or the right to the property and its use, is distributed according to his or her will, or if there is no will, then the interest is distributed according to state law.

 

Home buyers should consider who they want to end up with their interest in the property when titling the property. Joint tenancy is common among spouses, as the property will be passed on to the other spouse after the other passes away. However, sometimes spouses choose to forgo joint tenancy if one has credit issues, which could make the property a target for creditors if the credit issues were to worsen. Spouses also may want to avoid joint tenancy if one has a high-liability occupation, such as a doctor, who could be vulnerable to malpractice claims which could also go after the property.

 

You may want to consider tenancy in common if you’re moving into a new home after a new marriage but with children from a previous marriage. This way when you pass, your interest will go, by law, to the beneficiaries of your estate.

 

Parents should hesitate to put adult children on the title as joint tenants, though it may seem logical to make it easier for them to acquire the property in the future. However, this can prevent them from obtaining certain tax benefits, and can backfire. If the child has poor credit, his or her creditors can come after the property, or they can claim the property as their own under sole ownership after you pass away, while you may have had different wishes for the property.

 

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is ready to provide you with the best experience possible in every capacity.

 

American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to get started. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

 

Source

 

http://www.bankrate.com/finance/real-estate/how-should-you-title-your-home-1.aspx

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