In response to the work-from-home movement, remote notarization in Illinois came to fruition. Along with numerous other states, these notions sidestep the face-to-face commute for the closing process. While initially inspired by the COVID-19 pandemic, remote notary laws stay in place. Now, they play a big role in the future of the title insurance industry […]
Owner’s title insurance contains a fascinating history, dating back over 150 years to 1868. In the case of Watson v. Muirhead, the transaction conveyancer discovered that the property in question was under lien. Although an attorney advised the conveyancer that the lien was invalid, a court ruled that it was in fact valid, after all. […]
An owner’s title insurance policy is critical for protecting you from all types of issues you might have with the title of your home. It is essential and should never be overlooked by homeowners who want to make sure they are fully protected from title issues that could arise. Here, we will go over some […]
Public record errors have a tremendous impact on property titles. Imagine this. You spend months searching for that perfect dream home. You gain preapproval and sign the contract. The closing process is going smoothly. All of the hard work was worth it, and it’s time to reap the fruits of your labor. Then, all of […]
To most people, the words ‘deed’ and ‘title’ are interchangeable. But there are actually major differences between the two that are important to understand before you start the process of a real estate transaction. What is a Deed? A deed is the actual physical, legal document that confirms ownership of a property and typically has […]
Real estate transactions can be exciting for all parties involved, but without proper research and protection, you can find yourself on the bad end of a title issue that could challenge your rights as a homeowner. Here are a few of the most common real estate title issues and what you can do to protect […]
What happens when a property owner cannot pay back their debts or fail to pay taxes? Property liens. Though many have heard of them, few know exactly how they work, how to get rid of them, and even how a smart investor can profit from them. What is a Properly Lien? In short, a lien […]
Most people understand the necessity behind purchasing title insurance, but few know that there are two distinct kinds of title insurance, and even fewer know the differences between them. Owner’s and Lender’s title insurance are similar in nature but cover two different sides of a real estate transaction. The Types of Title Insurance There are […]
Public record errors can leave a significant impact on your home’s title. Moving into a new home should be one of the most exciting moments in your life. You have worked hard for it, searched high and low for that dream house, and now, it is all yours! At least, it should be, but what […]
Late last week, Illinois Governor JB Pritzker authorized Executive Order 2020-10 in response to the COVID-19 pandemic. This effectively issued a stay-at-home order, outlined social distancing behavior, and declared essential businesses that would remain open. The order took effect Saturday March 21, 2020 at 5:00PM and lasts through April 7, 2020. Fortunately, title insurance companies […]