Archives for Blog

Why Choosing the Right Title Company Matters

  If you’re buying a house, you’re going to need a title company to do some of the “heavy lifting”, so to speak, to get you through the closing process. Many times the title company isn’t given the attention it deserves as part of the transaction. It should. You’ve already invested a great deal of time and careful consideration before choosing just the right home, so why wouldn’t you take the same care when looking for a title company? After all, when dealing with a transaction of such high value as well as so many delicate puzzle pieces that all need
Read More

How Hackers are Affecting the Real Estate Industry

Because real estate transactions are considered higher value transactions conducted by either an individual or a business, it’s no surprise that they have become prime targets for hackers. Typically, a hacker will gain access to the email account of one of the parties involved in the transaction (buyer, seller, lender, real estate agent, title company, or even the attorney), and carefully make note of important information such as closing dates or transactional details such as down payment amounts. As the closing date approaches, the hacker will actually pose as one of these parties involved in the transaction and send and
Read More

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
Read More

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
Read More