Effective September 1, 2019: Texas Title Rate and Rule Revisions
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. Changes made in 2019 affect 2020 Texas title rates. The Texas Commissioner of Insurance has issued an order adjusting the basic premium rate for title insurance and amending […]
Why You Need Title Insurance
What is Title Insurance?
https://vimeo.com/292199039 Explaining title insurance to your buyer clients can be difficult and confusing to say the least. We hope this short video on what title insurance is will help you and your clients better understand the importance of protecting your home with title insurance coverage. Two types of Title Insurance There are two basic types […]
The New Earnest Money Delivery Date Sample Timeline
FROM THE CONTRACT: “IF THE LAST DAY TO DELIVER THE EARNEST MONEY FALLS ON A SATURDAY, SUNDAY, OR LEGAL HOLIDAY, THE TIME TO DELIVER THE EARNEST MONEY IS EXTENDED UNTIL THE END OF THE NEXT DAY THAT IS NOT A SATURDAY, SUNDAY, OR LEGAL HOLIDAY.” IMPORTANT TIPS: – EARNEST MONEY CANNOT BE DELIVERED ON A SATURDAY, SUNDAY […]
What Is Earnest Money
What is Earnest Money Earnest money is a deposit made to a seller that represents a buyer’s good faith to buy a home. The money gives the buyer extra time to get financing and conduct the title search, property appraisal and inspections before closing. In most cases, earnest money is delivered when the sales contract […]
Survey Deletion Coverage Q&A
What is Survey Deletion Coverage? Survey Deletion Coverage is often also referred to as “Survey Deletion”, “Survey Amendment”, and “Survey Coverage.” When survey deletion coverage is given in the title policy it offers Buyers protection for errors or omissions that may have been made by the surveyor and accepted by the title company by changing […]
The Closing Process
You finally found THE ONE and put in an offer that was accepted… now what? The process is just beginning for the behind the scenes team that make your dreams a reality and help get you into your new home. We’ve put together a comprehensive chart of the closing process that begins once you are […]
Republic Title Announces ALTA Best Practices Recertification
Republic Title of Texas, Inc. is proud to announce our completion of HA&W’s ComplianceSuccess® Program which certifies compliance with American Land Title Association (ALTA) Best Practices. ALTA’s Best Practices Framework includes: 1. Licensing: Establish and maintain current License(s) as required to conduct the business of title insurance and settlement services 2. Escrow Trust Accounting: Adopt and maintain […]
