Category: News & Updates
Buying a new home? Read this first!
- Published on Friday, 30 July 2021 10:12
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There’s nothing like being handed the keys to your new home, and having your real estate closing in your rear view mirror. The process is actually pretty straightforward, but there are definitely a lot of preparations to be made. These include home inspections, appraisals, financing arrangements, and legal filings. The key to a smooth closing is advance preparation, but many homeowners might not know where to start.
Our team at FNT is here to take care of all your title insurance needs!
- Published on Monday, 12 July 2021 10:25
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Sometimes, even the smoothest real estate transactions may take weeks to complete, and a lot of things can happen. That’s why it’s so important to make sure that you perform your due diligence and make sure that the seller is in a clear position to sell the property, and that there are no defects with the title (commonly known as title clouds). The most common title clouds you might encounter include delinquent taxes, child support, HOA dues, and legal judgments and liens. Fraud and forgery isn’t quite as common, but if a family member signed someone else’s name to a legal document to expedite a sale, it can result in major legal problems later. If there are any clouds on the title, they must be resolved before the title can be transferred. That is why title insurance is such an important part of each real estate transaction.
Contact our team for all of your title search needs!
- Published on Friday, 25 June 2021 13:55
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Every home has a story, and you need to know that story before you proceed. So many things happen over the course of a home’s lifetime, and this is particularly true when it changes ownership. Sometimes researching the title history of property can take odd twists and turns. If this is the case with your property, title defects may be the result, which can greatly affect the ability to consummate the sale of the property. If the seller owes delinquent taxes, HOA dues, or unpaid child support, there could be liens on the property. These problems are commonly known as “title clouds” and they must be resolved before the title changes hands. The title search will help the purchaser identify if there are liens in place, and afford the parties to resolve the issues in order to proceed with closing.
Need a title search? We can help!
- Published on Monday, 07 June 2021 12:16
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Buying or selling real estate is a very detailed process that requires a team of professionals, but that doesn’t mean that it has to be difficult! In fact, the process can be relatively straightforward if you’re prepared for closing. This means dealing with appraisers, lenders, and home inspectors for starters, and performing thorough research to make sure that there are no defects on the property title. And when it comes to a title search, Arkansas homeowners have placed their trust in First National Title for over two decades!
Title Insurance is an important part of the closing puzzle!
- Published on Monday, 10 May 2021 12:07
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Before a real estate transaction can be officially consummated, several details have to come together. The accepted offer is where the work really begins, and a good closing to the real estate transaction requires a team of professionals who all pull together to properly execute the closing. Closings should be seamless and stress free experiences for the buyer and seller, and advance preparation is key!
First National Title Company has been verified by a 3rd Party, Erwin & Co., to be in compliance with ALTA Best Practices. Click the ALTA logo to see the Erwin & Co. report.
