Definitions and Rules of a Deferred 1031 Exchange
1031 ExchangeAn event where a taxpayer exchanges or trades real property held for investment or used in a trade or business for other real property and defers the capital gains tax on the transaction. Tax DeferredThe capital gains tax which would have been paid on the sale of the real property is not paid but […]
Top 5 Reasons to Refinance Your Home Right Now
With interest rates at all-time lows, now is the time to consider refinancing. Did you know there are title policy discounts available to some homeowners when refinancing? There is! Here are the top 5 reasons to refi now. LOW RATES Mortgage interest rates are at an all time low and are currently averaging at 3.25% […]
Spotlight On: Texas Escrow Company
If you have real property for sale, which is used in your trade or business, or is held for investment, you may be eligible to defer the capital gains tax when the property is sold by utilizing a deferred 1031 Exchange. In order to receive this tax treatment, you should contact a Qualified Intermediary, like […]
Republic Title completes their 100th RON in 2020
Republic Title is proud to announce that we have completed 100 Remote Online eClosings in 2020. What is a Remote Online eClosing and how does it work? Remote Online eClosing takes place…wait for it…online! The signer and the notary need not be in the same room, or even in the same state! This type of […]
Top COVID-19 Contract Questions and Answers
https://youtu.be/9-ThQpkBCLM Title companies are, by definition, an “Essential Business.” We are open for business, processing and conducting closings. At Republic Title, we are offering many low-contact and no-contact closing options to help our customers continue to close real estate transactions, while also supporting the health of our customers, our employees and the communities in which […]
A Message to our Customers Regarding COVID-19
At Republic Title, the health and well-being of our customers, employees and communities is our top priority. As the effects of COVID-19 continue to evolve, we want to reach out with information about our efforts to ensure the safety of all involved while continuing to provide uninterrupted service to our valued clients. Our offices are […]
Important Compliance Update from TREC
Realtors Subject to New TREC Rules Prohibiting Pay-to-Play Programs Reminder: RESPA, P-53 and Anti-Rebating Statutes Remain in Effect for Title Agents and Are Enforced The Texas Real Estate Commission (TREC) recently amended their rules related to rebates and specifically highlighted the prohibition of pay-to-play arrangements in the real estate marketplace. TREC said their amended rules are intended to strengthen settlement service provider independence […]
Title Insurance Rate Change Effective September 1, 2019 – Reminder
Please note that beginning September 1, 2019, there will be a change to the basic premium rate for title insurance including an overall adjustment of -4.9 percent. The Texas Commissioner of Insurance has issued an order adjusting the basic premium rate for title insurance and amending R-5, R-8 and R-20. Summary of Changes Basic Premium […]
After Closing Reminders For Sellers
Your house has sold and the deal is closed. Now what do you do? Here are some reminders for you as the seller: Cancel your homeowners insurance with your insurance agent once the transaction has closed, funded and your personal items have been removed from the home. There may be a prorated refund of your […]
Updated Seller’s Disclosure Notice Effective September 1st
The Texas Real Estate Commission has released an updated Seller’s Disclosure Notice for mandatory use Sept. 1. It’s available for voluntary use immediately. As of Sept. 1, 2019, the new Seller’s Disclosure Notice has questions in paragraphs 6, 7 and 8 relative to floodplains, and includes definitions of the various categories according to FEMA. In […]
