Joint tenancy is an option where two or more persons hold undivided shares of a particular property – such as spouses who want both their names on the title. However, there are many elements of joint tenancy to keep in… Read More
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Why choosing Your Own Title Insurance Company is Important
Section 9 of the Real Estate Settlement Procedures Act (RESPA) “…prohibits a seller from requiring the home buyer to use a particular title insurance company, either directly or indirectly, as a condition of sale. Buyers may sue a seller who… Read More
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Cary Moore Is Joining Our Team
Colony Title Group is pleased to announce Cary Moore is joining our company. Cary’s role will be Vice President and responsible for market development. Cary has over twenty years in the title industry handling closings, solving real estate problems and… Read More
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Do I NEED Title Insurance?
Lender’s Title Insurance is required if you need a mortgage. Owner’s Title Insurance is not required (though it is still a good idea). Lender’s Title Insurance is required because mortgage lenders require a certain amount of protection (equal to the… Read More
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Title Insurance Benefits From Your Maryland Title Insurance Company
We are going to examine the benefits of a title insurance policy. But in order to fully understand the advantages of title insurance, we must look at how it affects all parties involved. Title Insurance Benefits for the Homebuyer Provides… Read More
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What Is Lenders Title Insurance?
Almost all lenders are required to purchase title insurance for their property, protecting them against any claims and legal fees that could potentially arise out of a problem with the title connected to the property. Lender’s title insurance safeguards the… Read More
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Preparing for Foreclosure
Foreclosures have spawned a new industry, due to the recent law changes now in effect in Maryland and other states. In Maryland should a lender initiate a foreclosure proceeding, the lender must offer the defaulting borrower the right to mediate… Read More
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Home Buying Tips
Interest rates are near an all-time low and the market is starting to show signs of life, giving homebuyers hope that NOW may be a good time to buy a home. But before you jump at the opportunity to begin… Read More
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Title Insurance Facts, From Your Maryland Title Insurance Agent
Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceable of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… Read More