We are thrilled to announce that we have been named the #2 𝗕𝗘𝗦𝗧 𝗣𝗟𝗔𝗖𝗘 𝗧𝗢 𝗪𝗢𝗥𝗞 for large size companies in 2020 by the Dallas Business Journal and the #7 Top Workplace for mid-size companies by the Dallas Morning News! This is the seventh year in a row that Republic Title has been named to both top workplace lists.
Whether you’re purchasing a new or existing home, or refinancing, title insurance protects you against any problems affecting the title to your home.
There are two types of title insurance: the owner’s policy and the lender’s policy. The owner’s policy protects your property rights as the homebuyer, whereas the lender’s policy insures the financial investment of the bank or lender. If someone else claims ownership of your property or a lien on your property, title insurance typically defends you legally and financially.
Here are some examples of things that may affect title:
Liens against the property that serve as security for the payment of an obligation, such as mortgage liens, judgment liens for unpaid court judgments, federal tax liens, state and local liens for failure to pay real estate taxes or assessments, mechanic’s liens to secure payment for property improvements, liens for recovery of child support payments and so on.
Easements which are rights granted to a third party to use a part of your property for a specific purpose. An example is an easement to a utility company to have power lines running along the back of your property.
Building or use restrictions contained in recorded plats, agreements or deeds.
Claims arising out of bankruptcy or decedent’s estates.
These are just some of the many reasons why getting owner’s title insurance is crucial when buying or refinancing a home.
When you refinance, you are obtaining a new loan even if you stay with your original lender. Lenders will usually require a new title search and lender’s policy to protect their investment in the property. A new owner’s policy is not necessary at this time as the one you received when you purchased the property is good for as long as you or your family own the property.
Owner’s title insurance is a one-time fee based on the value of your home. In Texas, rates are based on the sales price of the property and set by the Texas Department of Insurance. You can calculate title insurance premium rates using the insurance calculator found on our website. With a home being one of the largest investments you’ll ever make, it’s clear why getting owner’s title insurance is a smart option.
The November 2020 DFW area real estate statistics are in and we’ve got the numbers! Take a look at our stats infographics, separated by county, with MLS area stats on each county report as well! These infographics and video are perfect for social sharing so feel free to post them!
To see past month’s reports, please visit our resources section here.
For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.
The T-47 affidavit is a document used in Texas residential real estate transactions that accompanies an existing survey. This video with Republic Title’s Janet Allen and Scott Rooker covers the following key points when a T-47 affidavit is provided:
i. Date of survey in paragraph 4
ii. Construction projects on adjoining properties predating title
Republic Title is proud to announce that it has made donations totaling $100,000 to five North Texas nonprofits who are addressing the needs of our community during these difficult times. The five non-profits receiving donations are: Bonton Farms, Children’s Health, Genesis Women’s Shelter, Presbyterian Night Shelter, and North Texas Food Bank.
“I know I speak for all of our employees when I say that Republic Title felt a deep responsibility to do our part in giving back to our communities that we live and work in,” said Bo Feagin, President, Republic Title. “We are glad to support these outstanding organizations who are doing so much to address the needs of those in North Texas.”
For more information on these organizations and to donate directly to them, please read below.
About Bonton Farms Bonton Farms is an agricultural intervention driven by the mission to restore lives, create jobs and ignite hope in a once forgotten and neglected neighborhood with some of the most marginalized people. Much more than a farm, Bonton Farms focuses on nutrition, housing stability, career mentorship and education. For more information, visit: www.bontonfarms.org
About Children’s Health For more than 100 years, it has been Children’s Health mission to make life better for children. Serving as one of the largest and most prestigious pediatric health care providers in the county and as leading pediatric health system in North Texas. Rather than caring for kids’ mental health needs at the breaking point, Children’s Health and the Meadows Mental Health Policy Institute (MMHPI) have come together to develop a unique approach that will empower primary care physicians across the community to provide behavioral health care to patients, allowing for earlier identification and treatment of pediatric mental health conditions. For more information, visit: www.childrens.com
About Presbyterian Night Shelter Presbyterian Night Shelter is Tarrant County, Texas’ largest provider of services to residents who are experiencing homelessness, with a “housing first” approach designed to address root causes from a place of strength and stability. For more information, visit: www.journeyhome.org
About Genesis Women’s Shelter At Genesis Women’s Shelter it is their mission to provide safety, shelter and support for women who have experienced domestic violence, and to raise awareness regarding its cause, prevalence and impact. The Genesis Capital Campaign will expand non-residential services for women and children escaping domestic violence. This new center will transform the future of Genesis Women’s Shelter & Support. For more information, visit: www.genesisshelter.org
About North Texas Food Bank Founded in 1982, the North Texas Food Bank is a nonprofit hunger relief fund organization that distributes donated and purchased foods through a network of more than 200 Partner Agencies in 13 counties. For more information visit: www.ntfb.org
About Republic Title of Texas Republic Title of Texas, Inc., is a full-service title insurance company that handles the transfer of title for our customers’ real estate transactions and protects the title to their largest financial investments. Founded in 1991 and locally operated, Republic Title is the authority in real estate transactions and is distinguished by its proven experience, dedicated service and lasting relationships.