Blog

โ˜‘๏ธCheck This List...Your Trust is Important!


Published: 5/21/2019


๐Ÿ’กReal Estate Things to Know when You Sell, Buy, Refinance

An in-depth conversation with a client reminded me that I really need to share some information with you...

When you own a property and have placed that property in your Trust, here are some reminders that you will want to keep handy as you prepare to sell or refinance:

โ€ข Your Trust is treated by the title agent as it's own entity. You may be the Trustee, but you are not necessarily entitled to the money from the sale or refinance.

โ€ข Make sure you have a copy of the Trust handy in case we need to see it. Heads up: you may have to record a few pages to clarify title.

โ€ข In the majority of cases, you will need to have a checking account for the Trust to receive the funds from the sale or refinance.

โ€ข You may need to have a separate Tax ID Number for your Trust. Please check with your CPA so you don't get caught, well, you know the saying...

โ€ข If the original Trustee has died, there are other steps that may need to be taken. It is wise to check with us ahead of time so that you aren't caught, again, with, well, you know the saying...

โ€ข If your Trust has more than one Trustee, there is a really good chance that all of the Trustees will have to sign - just another "heads up"!

โ€ข No, you usually can't have someone sign for you, the Trustee, with a Power of Attorney. I'm not saying "never" because sometimes it may be able to happen. Just don't count on it until the Trust is reviewed.

Although I could go on and on about this and things that we've seen from a title standpoint, know that the above list is going to get you to the closing table faster if you have them ready and available for us as part of the title and closing process.

I can hear you now: I'm not from Florida. Well, I would venture to say that your State may have similar requirements so this will help you be prepared to ask the right questions as you head into your transaction.

We would LOVE to interact with you more often so be sure to like our Facebook page, let us know you stopped by leaving a recommendation or testimonial!

Integrity Land Title is here to be the glue that holds your closing together and we promise to do everything in our power to make sure your transaction closes quickly and stress-free!

Your partners in closing success,
Leslie Mendenhall, Owner
30+ Years of Experience
Integrity Land Title
(561) 684-6262

P.S. Grab the phone and dial (561) 684-6262 and I'll answer any title insurance questions you may have

Disclaimer: Leslie Mendenhall and Integrity Land Title are licensed Title representatives and not an attorney. It is recommended that you seek legal advice for any questions that do not relate to the issuance of a Title Insurance product.

๐Ÿ“ŒCan Divorce Affect Your Real Estate Closing?


Published: 5/3/2019


YES! If you have gotten divorced at any time during the ownership of the property, regardless of whether or not your ex-spouse was in title, be sure to have your Marital Settlement Agreement handy in the event it is needed.

Call us at 561-684-6262 for all of your title questions and needs!

๐Ÿ“ŒCan Bankruptcy Affect Your Real Estate Closing


Published: 4/22/2019


YES! If you filed for Bankruptcy we will probably need to have a chat about that.
Bottom line: let the title agent know if you've filed within the last seven to ten years and be sure to keep your records!

Call us at 561-684-6262 for all of your title questions and needs!

P.S. You can also securely submit your Title Orders at https://www.IntegrityLandTitle.com

#realestate #florida #title #realtor #lender #sale #refi #titlecompany #success #property #titleinsurance
No photo description available.

๐Ÿ“ŒIt's All In a Name...Search


Published: 4/8/2019

It's All In a Name...Search

You may wonder, why do name searches even matter when it comes to my real estate closing?

Well, if a party to the Contract has a Lien or Judgment it may have to be resolved before closing. Many Liens or Judgments will attach to the property.

If you don't know they exist - or you think that lawsuit you are involved in won't matter - that is another potential closing delay.

๐Ÿ“žCall us at 561-684-6262 for all your title questions and needs!
 
โ‡’P.S. You can also securely submit your Title Orders at https://www.IntegrityLandTitle.com

#realestate #florida #title #realtor #lender #sale #refi #titlecompany #success #property #titleinsurance

๐Ÿ“ŒPermit Searches...Oh my...


Published: 3/12/2019

๐Ÿ“ŒPermit Searches are another thorn that can fester into a painful sore... 

๐Ÿ”นWhen you have work done on your property, the contractor will open a permit with the municipality. We have discovered that many times the contractor will give the owner a piece of paper and tell them to sign it and send it to the municipality rather than taking care of it themselves. 

๐Ÿ”นThis small detail can cause an extended delay if the open permits require additional steps before being closed out. BEWARE is all I'm saying.... 

๐Ÿ“žCall us at 561-684-6262 for all your title questions and needs! 

๐Ÿ“P.S. You can also securely submit your Title Orders at https://www.IntegrityLandTitle.com ๐Ÿ˜ƒ  

#realestate #florida #title #realtor #lender #sale #refi #titlecompany #success #property #titleinsurance

๐Ÿ“Lien Search? What's that?


Published: 3/11/2019


๐Ÿ”นA Lien Search is a product that is ordered directly from your City or County that will tell you if there are any violations against the property.

๐Ÿ”นMany people don't realize that just because a problem does not appear on the title search it doesn't mean the municipality does not have something brewing against their property - and that can cause a snag in your closing!

๐Ÿ”นCall us at 561-684-6262 for all your title questions and needs! ๐Ÿ“ž

๐Ÿ”นP.S. You can also securely submit your Title Orders at https://www.IntegrityLandTitle.com ๐Ÿ˜ƒ

#realestate #florida #title #realtor #lender #sale #refi #titlecompany #success #property #titleinsurance

Why should you Invest in a Title Search?


Published: 3/1/2019


๐Ÿ“ So, why should you Invest in a Title Search?

๐Ÿ”นHaving a Property Information Search done can tell you information that is recorded in the public records that may have "popped up" against the title. If you are an owner, a Search can also tell you if there was something on the title before you purchased it that may not have been released. (Boy have I got some stories - ask me sometime.)

๐Ÿ”นAs a Bonus: When Integrity Land Title does a Search we will credit you back the amount paid towards your closing (within six months of purchase)! ๐Ÿ’ฒ


Call us at 561-684-6262 for all your title questions and needs! ๐Ÿ“ž

P.S. You can also securely submit your Title Orders at https://www.IntegrityLandTitle.com ๐Ÿ˜ƒ

#realestate #florida #title #realtor #lender #sale #refi #titlecompany #success #property #titleinsurance