5 Neighborhoods You Will Love in Charlotte, NC
Charlotte is one of the best places to live in North Carolina, with a healthy job market, great schools, and plenty of entertainment to enjoy. If you are considering a move to Charlotte, choosing the right neighborhood is likely on your mind. Keep reading for 5 popular Charlotte neighborhoods that might be just right for […]
7 Questions to Ask Before Buying in a New Development
Are you considering buying one of the beautiful new homes for sale in Charlotte? There are many benefits of buying a new construction home in North Carolina, and a variety of developments in the Harrisburg, Charlotte, Concord, Midland, Huntersville, and University City areas. Before buying a new home, there are a few questions you should […]
10 Things You Should Do Immediately When Moving into a New House
A new home is exciting, although moving can be stressful. A new home requires a lot of attention to organize and pack into the home. Here are possible tips on things to do first as you enter a new home. 10 Things You Should Do Immediately When Moving into a New House 1. Do a […]
Required Reporting to the I.R.S.
Sellers of real property will have certain information regarding the sale reported to the Internal Revenue Service. This required reporting is a consequence of the Tax Reform Act of 1986; it is intended to encourage taxpayer compliance and aid in audit and enforcement efforts by the I.R.S. To help you better understand this subject, the […]
Statements of Information
What’s in a name? When a title company seeks to uncover matters affecting title to real property, the answer is, “Quite a bit.” Statements of Information provide title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, […]
The Functions of an Escrow
Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the […]
Title Insurance – Where Does Your Dollar Go?
Title Insurance: As a homebuyer, the term is probably familiar – but is it understood? What is your dollar actually paying for when you purchase a title policy? Title Insurers, unlike property or casualty insurance companies, operate under the theory of risk elimination. Title companies spend a high percentage of their operating income each year […]
Title Insurance Requirements for Insuring Trusts
In today’s world of busy probate courts and exorbitant death taxes, the living trust has become a common manner of holding title to real property. The following may help you understand a few of the requirements of the title insurance industry if title to property is conveyed to the trustee of a living trust. What […]
Title Insurance When Refinancing Your Loan
Lower interest rates have motivated you to refinance your home loan. The lower rate may save you a tremendous amount of money over the life of the loan, but you should also expect to pay the lender the typical closing costs associated with any new loan, including service fees, points, title insurance protection and other […]
Understanding Preliminary Reports
After months of searching, you’ve finally found it — your perfect dream home. But is it perfect? Will you be purchasing more than just a beautiful home? Will you also be acquiring liens placed on the property by prior owners? Have documents been recorded that will restrict your use of the property? The preliminary report […]