Often times home buyers and sellers of real estate are unaware of what is encompassed by the term “closing costs”. This is especially true for first time home buyers. What is included as closing costs for your particular transaction may vary. However, below are some common closing costs, some of which you can expect to pay at the closing of your next home purchase. Generally speaking, closing costs are defined as miscellaneous fees charged by those involved with the home sale (such as your lender for processing the loan, the title company for handling the paperwork, a land surveyor, local government offices for… read more →
The closing process is a relatively standard procedure no matter which title company you choose. At 110 Title, we strive to make this process as easy and streamlined as possible for the buyer and seller. 110 Title is focused on 110% customer service at every closing. A closing is a term used for the point in time at which the title to the property is transferred to the buyer and, generally, a mortgage (or “deed of trust”) is given by the buyer/borrower to the lender. Some information about the costs associated with closing on your home should be provided to you before… read more →
What is the “public records” doctrine, and why does it matter? ALL interests in immovable property must be recorded in the appropriate recording office to have effect against third persons. That is, a person who is not party to or personally bound by an instrument. Thus, the following examples of real rights, in order to have effect against the rest of the world, must be recorded: Usufructs Rights of habitation Servitudes such as rights of passage and utilities Mortgages Most liens/privileges, judgements, leases, oil, gas and mineral leases and servitudes Restrictive covenants The list of interests in land is potentially… read more →
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