How title insurance can protect the American dream!

title problems

The Title Process.
The title insurance industry works hard to protect the American dream of home ownership by insuring title for America’s home buyers and lenders. To help you gain a better understanding of our role in protecting your interests, here are brief descriptions of the four essential services performed during the title process: Click Here for PDF

 

New Transfer on Death Deed Legislation Signed into Law

As seen on CLTA.org

Legislation creating a non-probate method for conveying interest in real property upon death, Assembly Bill 139, has been signed into law by Governor Brown. The new law, which accomplishes the transfer by means of a revocable transfer upon death deed (RTDD), becomes effective January 1, 2016. The RTDD automatically transfers ownership of the property – defined to include 1-4 residential units, a condominium, or agricultural land of 40 acres or less – upon the death of the owner, and must contain a legal description. A RTDD may only be revoked by a recorded document.

Click here for entire CLTA Express Article

Columbus Day, Monday October 12th

“By prevailing over all obstacles and distractions, one may unfailingly arrive at his chosen goal or destination.”  – Christopher Columbus

unnamed
At Western Resources Title, we are here to help you reach your goals today.  Please be advised that some county recorders offices will be closed in observance of this holiday.  They include:

Los Angeles County
Orange County
San Bernardino
Riverside County

Counties that WILL be open for business as usual include Ventura and San Diego.

Know Before You Owe

CFPBOn October 3, 2015, the Know Before You Owe mortgage rule goes into effect. One of the important requirements of the rule means that you’ll receive your new, easier-to-use closing document, the Closing Disclosure, three business days before closing. This will give you more time to understand your mortgage terms and costs, so that you know before you owe.

For more information on the 3 day review rule click here.