Archives for Blog

Divorce and Your Home: A Title Company Perspective

Love is fleeting and sometimes ends. But the love of your home goes on and on as long as you have a mortgage. In my short time practicing divorce law there is much to consider, most notably would be the effect on any children from the marriage.  And every step should be taken to minimize any effect on them. Other things to consider would be redrawing wills, trusts, and/or any business or partnership agreements. Divorces are complex and emotionally taxing. But today we are going to focus on the aspects regarding your property. After all, you both signed a mortgage that is going
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Seller’s Fee – Why Do You Have To Pay This?

By now if you’ve been reading our blog posts, you know that there are fees in a real estate transaction that apply to both the buyer and the seller. Some people are confused by what costs the seller is responsible for, and what exactly they’re getting for services to justify that fee. Cumberland Title charges $125 to the seller when we are closing a real estate transaction. Some of the things that the title company has to do in relation to the seller is contact the creditors that the seller wishes to pay off with the proceeds of the sale to get
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What’s In a Wire?

The Ins & Outs of Wiring Money Funding – aka “the money” – is a very important part of the closing process when it comes to buying/selling a house. The buyer needs to have it, and the seller wants it. There are a couple of different ways that this can happen, either by check or by a bank wire. Now a check is pretty self-explanatory, but let’s hit on a few important and key points of this type of transaction. The buyer check should not be a personal check made out to the seller. It should also not be a
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Breaking Up With Your Mortgage

Breaking Up With your Home: Handling Homeownership During A Divorce  Sometimes love is fleeting and marriages end, but that mortgage you agreed to pay together back when you were still in love is still your responsibility…until you find a way to divorce that, too. Usually, the mortgage is the biggest liability a divorcing couple has to split, but divorcing your mortgage isn’t always easy. As far as your mortgage lender is concerned, if the mortgage was taken out in both of your names, then you are still required – and expected – to pay that every month. Here are a
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