Private Lenders

Is Owner’s Title Insurance a Ripoff?

Is Owner’s Title Insurance a Ripoff?

It depends on the situation. First, let’s clear this up: Title insurance does NOT have ANYTHING to do with whether the title agent did a bad job or not – this is a ridiculously common misconception. You are protected from title agent error by their errors & omissions insurance or if they are an attorney, […]

Read More
Private Lenders – Streamline Your Title & Closing Process: Eliminate Hours of Admin Work

Private Lenders – Streamline Your Title & Closing Process: Eliminate Hours of Admin Work

For private lenders, getting loans closed faster, while spending fewer hours of admin work per closing, is a critical 1-2 punch that is needed. Whether you fund 10 or 1,000 loans a year, there is one overlooked bottleneck that drains your team’s productivity and delays closings: managing title work & closings. The good news? There’s […]

Read More
What benefits do title search companies have over physically visiting a land records office?

What benefits do title search companies have over physically visiting a land records office?

It’s not about who can access the records, because anyone can. It’s about knowing how to do a title search. Experience. What to pay attention to and what to ignore. Knowing what the variety of document types means, and what their expiration guidelines are according to your state’s statute of limitations. Some documents have periods […]

Read More
Do cash buyers need title search and escrow?

Do cash buyers need title search and escrow?

Why? Can’t I draft a deed on my own? If you’re using a settlement agent, they won’t permit it.  While it may be technically possible for you to draft your own deed in some states, it is highly inadvisable. There are 2 major problems with doing so: It may not have all the legal language […]

Read More
How to Find Out Who Owns a Property in New Jersey

How to Find Out Who Owns a Property in New Jersey

Tax records are the quickest place to look, but these records are not reliable for confirming the rightful owner of property for any transaction. Tax records may be inaccurate, so beware! Don’t tax records show names on deeds? They are supposed to. The recorder’s office is where deeds are recorded, and it sends deed data […]

Read More