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The Importance Of Information Gathering

When a title company is contacted to facilitate the closing for a property transaction, there is a great deal of information that they must gather in order to accurately allocate all monies, and that the documents reflect the most current, up to date and accurate information. One of the first things we do here at Cumberland Title is to send out a questionnaire to both the buyer and seller, as well as to each realtor. The information on each document asks for vital information that is required by the title company in order for them to accurately and expeditiously prepare
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Why You Need A New Lender’s Title Insurance Policy Every Time You Refinance

When you first purchase a home, you are faced with many fees and costs associated not only with the home itself, but also with the loan. One such fee is title insurance. As you know from our countless other blog posts, there is Lender’s title insurance as well as Owner’s title insurance. Your lender will require you to purchase this, as this protects your lender against problems with the title to the property. And then owner’s title insurance protects you – the homeowner – against issues that may arise concerning title, liens, etc. The owner’s policy lasts forever. You buy
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Prevent These Nightmares With Title Insurance

Congratulations, you’ve found your dream home! The seller accepted your offer, you’ve officially closed on the house, and you’ve got the keys and are moving in. But just as you begin to settle in, there’s a knock at the door and you get notice that a pre-existing lien had been placed against the property for something caused by the previous homeowner, which has now been passed on to you. But then you remember that you paid for something at the closing that was for title insurance – you think – and you call your realtor to confirm. But your realtor informs you
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Your Clients Are Only as Knowledgable As You Are

  Sharing our personal knowledge may sometimes seem like a burden, however, it is actually a reflection of teamwork and leadership. When we are advising our clients on decisions they need to make, it is our responsibility to give them all of the information they will need to make these decisions with the best, most up to date and accurate information possible. In doing our part to complete this circle, Cumberland Title’s owner/attorney Matthew J. McDonald has been teaching a class for real estate agents called “The Truth Behind The Title”, designed to educate and inform agents on all aspects of title
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