The Eagle Policy of Title Insurance The Eagle Policy provides more coverage than any previous policy offered. Some of the new coverages are completely new and never before offered by any title insurer. This policy includes the following coverage: Your Title is lost or taken because […]
Question: What are some possible title problems covered by a standard Owner’s Title Policy? Fraud and Forgery Those involved in real estate fraud and forgery can be clever and persistent, which can spell trouble for your home purchase. In a western state, an innocent buyer […]
Question: Why does my Warranty Deed say the purchase price is “Ten Dollars”? Answer: Utah is a non-disclosure state, which means you are not required to disclose the purchase price of your property. The wording put in the deed protects the confidentiality of the purchase […]
Question: Why Buy Title Insurance? Answer: In order to issue title insurance, the title company must search public land records for matters affecting that title. Many search the “chain of title” back 50 years. Twenty-five percent of title searches find a title problem that is […]
Question: Are there different types of title insurance? Answer: There are two basic types of title insurance: Lender’s title insurance, also called a Loan Policy, and Owner’s title insurance. Most lenders require a Loan Policy when they issue you a loan. The Loan Policy is […]
Real Estate Closing Document If you are involved in land you should understand the basics of real estate closing documents. They may not be exciting, but they are the method used to transfer land and secure loans on real estate. Conveyance Documents Conveyance documents are […]
The HUD-1 Settlement Statement The HUD 1 Settlement Statement was created by the Federal Department of Housing and Urban Development. It is the required closing statement on all real estate transactions which include a bank loan. Although not required for other real estate transactions, most […]
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