Title fraud, although a rare scam, does happen to homeowners and may result in hundreds of thousands of dollars in loss. Senior citizens with paid-off mortgages are particularly vulnerable to title fraud and similar real estate fraud schemes. As…
4 Types of Insurance You May Need When Buying a Home
If you watch a lot of HGTV, you probably have an oversimplified idea about how home buying works. All you need is to pick the house and sign some papers, right? If only it was that easy! What they don’t…
Why Use a Title Company in a For-Sale-by-Owner Transaction?
The “for sale by owner” signs might not be as numerous as signs placed by real estate agents, but there are plenty of people in Maryland, both sellers and buyers, who prefer private transactions. A transaction between family members of…
The Difference Between Mortgage Insurance and Title Insurance
When you are buying a home, there are many different insurance policies you will have to purchase. Some of them will be required by your lender or the local laws, while others are simply good to have when you are…
Can I Choose My Own Title Company?
A Maryland title company is a necessary and important party in every sale or purchase of real estate. Not only does it perform title search and issue title insurance, but it also handles a big portion of the paperwork, files…
5 Things to Include in the Real Estate Contract
A contract of sale or a real estate purchase contract is the agreement between a seller and a buyer regarding the exchange of real estate. A contract of sale is also known as a purchase offer, contract-to-purchase, earnest money agreement…
Buying a Home: Types of Title Insurance
Whether you are a first-time home buyer or a veteran real estate investor, you have to be familiar with title insurance. Title insurance can be purchased through your Maryland title company and exists to protect you against a financial loss…
What an Escrow Agent is and Why You Need One
Are you getting ready to sell or buy your first property? It’s exciting but also a bit stressful, considering all the paperwork and big money changing hands. To make this process easier and faster, you can hire an escrow…