What is new in the industry and with Hodge & Temple? Check out the February 2017 Newsletter!
HA&W, LLP, a nationally-recognized tax, audit and business advisory firm has deemed Hodge & Temple compliant with ALTA Best Practices. Their ComplianceSuccess® Program assures lenders that a title agent or settlement firm meets the highest standards in compliance benchmarking, readiness and reporting across all seven ALTA Best Practice Pillars. To read more about their program and our compliance, please visit their press release.
In spite of the detail that goes into the title search and examination when buying your home, hidden title hazards can emerge after closing. These hazards could include a forged signature on the deed which would mean the transfer of ownership is invalid, an unknown heir to the property who is claiming ownership, or even mistakes in public record. Owner’s title insurance offers financial protection for as long as you have interest in the property, and in the event that…
On October 3rd, 2015 new home closing policies go into effect. While they are in place to protect the borrower, the can potentially disrupt the selling – buying – move-in timeline. Instead of closing on the sale of an existing property and closing on the purchase of a new property in the same day, there is now a mandatory 3-day waiting period between the two.