Wonder why you need title insurance?

title problemsHave you ever wondered why you need title insurance? Your home may be new to you, but every property has a history. A thorough title search can help uncover any title defects tied to your property. And, subject to the terms of the policy, your title insurance provides protection for you from title problems that may become known after you close your transaction.

Follow this link to review 10 Common Title Problems.

When you buy a home, make sure you’re protecting that investment with title insurance.

Western Resources Title’s Property Profile Summary Report!

profile1All of our property profiles include an easy-to-read summary of critical items that may affect the sale of a property.  No more need to decipher confusing documents!  This straight forward, easy-to-read format puts everything you need to know at your fingertips.

  • Current Deeds of Trust
  • Property Taxes
  • HOA and Mechanics Liens
  • Lis Pendens
  • Foreclosure Activity

 

Make it easy on yourself and order your next property profile from Western Resources Title today!

Click Here for Sample

What is Probate?

legalProbate, which stems from the classic Latin term meaning “to prove” or “proven”, is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person’s property either under a valid will or when the decedent has died intestate (without a will) to their heirs and beneficiaries.

Probate is also the process by which the property of a decedent is re-titled. As with any legal proceeding, there are technical aspects to probate and trust administration.

Here are just a few:

  • Creditors need to be notified and legal notices published.
  • Trustees need to be guided in how and when to distribute assets and how to take creditors’ rights into account.
  • A Petition to appoint a personal representative (executor/administrator) may need to be filed and Letters of Administration obtained.
  • If the estate is not automatically devised to a surviving spouse through joint tenancy or is not held within a trust, the estate will need to be probated whether or not the decedent had a valid will.

Please note that this is just a brief and informative overview of what can be a very lengthy and involved probate process. Click Here for detailed information.

Most important to remember is that probate and trust administration laws vary from state to state. For answers to your technical probate questions, please consult the proper professional.

Basics of the Integrated Mortgage Disclosures Rule

Our closing process will significantly change when the Consumer Financial Protection Bureau’s rule for integrated mortgage disclosure goes into effect. While CFPB has announced they have pushed back the implementation date to October 3rd, 2015, it is very important to remain focused on getting prepare.

Click Here for basics of the Integrated Mortgage Disclosure rule so we can better understand who, what and why and how this will take effect in October.