A living trust can provide property benefits to the trustor and their beneficiaries. It has become a popular way of holding title to real property. When it comes to insuring a living trust, there are certain requirements that the trust must meet. Find out more about living trust and what will be needed to insure them.
Whether you’re buying, selling, or refinancing a property, there are many individual components and documents involved in the process. In almost all cases, a Statement of Information is requested to help verify information so that title to your property may be cleared. Here, we will talk a little bit more about a Statement of Information so that you’re better able to familiarize yourself with the title process.
When it comes to dealing with property, it’s imperative to acquire the proper documentation. Title, which gives you the legal foundation to transfer property ownership, is a necessary component in the real estate process. However, there can be delays in the process. Certain circumstances may extend the processing time for escrow and title as they may require additional clearance.
Information About Delays.
The Preliminary Report is an offer to issue a policy of title insurance covering a particular estate or interest in land subject to stated exceptions. Since these exceptions may point to potential problems with your intended purchase, it is important for all parties to review the report once it is received.