Understanding Property Titles: Why Abstract of Title, Chain of Title, & Title Insurance Matter When any real estate deal is made, the question of property titles arises. The three significant words one hears commonly include an abstract of title, chain of title, and title insurance, which may save your investment or avoid closing if known […]
Understanding the Costs & Process of a Phase I Environmental Assessment When one seeks either to purchase or refinance a commercial real estate, one of the important steps in due diligence involves understanding the environmental history of the property. The Phase I Environmental Site Assessment has been considered an important tool for determining potential environmental risks associated with a property. It's more than a formality; it's an integral part of the process for the protection of buyers, sellers, and lenders from financial and […]
How Insurance Claims and Title Searches Work for the Insurance Agent Insurance agents play a crucial role in ensuring that clients receive the rightful compensation for their claims. Among other things involved in the processing, and especially with home insurance, confirmation of property ownership is required through a current title search. By understanding how important […]
Navigating the World of Title Companies: A Guide for Real Estate Investors To a real estate investor, any successful transaction rests on a variety of players, with the title company standing out as one of the most important. Often operating behind the scenes, title companies play a crucial role in ensuring safe and smooth property […]