Title insurance is an insurance policy that protects a homeowner or lender if somebody puts a claim against the property being purchased. Title...
What is title insurance?
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Home Buying Tips
What is a Probate Sale in Real Estate?
A probate sale in real estate is when a house belonging to a deceased person is being sold; ‘probate’ being the legal process after someone dies. In...
What is a Distressed Property?
A distressed property is a home where the homeowner has fallen behind on a few (usually three) mortgage payments to their lender, or there is an...
What Is a Lien On a Property?
A lien on a property (a property lien) is a legal claim placed by a creditor to hold your property as collateral for missed payments. A lien is...
What is a HUD-1 Settlement Statement and Other FAQs
A HUD-1 Settlement Statement is a document you get one day before closing on your mortgage. The document lists all of the charges and credits which...