Common Title Liens That Could Sneak Up On You

December 1, 2021

If you want to close the sale, you have to have a clean title. 

It’s not as easy as it might seem.

A clean title means there are no standing claims against the property and that the owner has the full legal right to sell the property. Our job as your title company is to do the digging to ensure that the title is clean and ready for a smooth transfer of ownership.

But often, it’s not smooth at all. Read more

Yes, You Can Sell a Home Owned by a Corporation

November 9, 2021

If you are selling commercial property, it is likely that you have sold properties held in a corporation. Assurance Title has a strong commercial side and is capable of handling your commercial deals as well.

However, it is still possible to have a residential property be held in a corporation. So what do we need to know when the owner of record is a corporation?

Let us help. Read more

What to Do When the Owner of Record is in a Trust

October 28, 2021

Have you ever sold a home where the owner of record is in a trust? What does that mean? How is that different? What does title do differently, and how do you know when a property is in a trust?

A trust refers to the fiduciary relationship created to appoint one party to manage assets on behalf of a third party. This relationship is established between the creator of the trust (the grantor) and the trustee, who holds and administers the property within the trust on behalf of the beneficiary designated to receive the property. The trustee is appointed to administer the trust while acting in the best interests of the grantor.

So how does this transaction differ from a traditional sale? 

Well, the short answer is … it isn’t that different. There are a few things we (the title company) will need in order to begin the sale. We will need a copy of the Trust Agreement from the Seller. This will include names, permissions, and who is the signing agent of the trust.

The sale contract will have the seller’s name as the name of the Trust and the representative of the trust will sign as Trustee. For example: “Trustees name”, Trustee.

For settlement, we will need to verify the separate bank account that is open in the name of the trust.

Our Client Relations & Marketing Manager, Brian Harper-Lewis, will walk you through the process and ensure that your transaction is handled smoothly and efficiently.
 

Title Tips for Selling a Home in an Estate

October 20, 2021

What do you do when your next listing is in an estate? And what does that mean for title?

While selling a property held in an estate is slightly different from your traditional sale, it doesn’t have to be difficult! The best way to sell this kind of property is to be prepared.

When an owner of a home passes away, typically, that home goes into the individual’s estate. The first thing we do is verify the Personal Representative of the Estate by using the Maryland Registers website.

Once we know who the PR is, Advantage Title will request some documents, so it is important to let the Personal Representative listing the house know upfront that we are going to need the following items:

  • Death Certificate
  • Letters of Administration from the PR
  • EIN # for Estate

From there, everything proceeds as normal. When selling an estate property, you’ll want to have the seller on the contract of sale as “The Estate of *Name of Deceased.*” You’ll also want to make sure that the Personal Representative is signing as “*PR Name* as the Personal Representative.”

Happy selling!

Working Together for Smooth Settlements

September 2, 2021

If you’re an agent working toward your first settlement with Assurance Title … Welcome! Our goal is to make your experience as smooth and seamless as possible. It starts with three simple steps:

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The Three Pillars of a Successful Settlement

August 12, 2021

Reaching the closing table on the purchase of any piece of property is a complex transaction. 

You’ll encounter moving parts at every turn, and surprises can pop up at the worst times. But no matter what the transaction throws your way, you can overcome it when you have three key pieces working together.

The buyer’s agent, the lender and the title company.

We can’t stress enough how important it is to have each of these three pillars on the same page from the very beginning. If any one of these entities is going rogue, the whole settlement is suddenly at risk.

But when all three are working together, like a well-oiled closing machine, then there is no obstacle that can’t be overcome. Read more

Brian Harper is Our New Liaison with Agents, Buyers & Sellers

June 17, 2021

Communication is everything.

It’s at the heart of all that we do at Assurance Title. That’s why we’re excited to announce that Brian Harper has moved into a new role as our Marketing Manager.

If you’re an agent, buyer or seller working with Assurance, you’re going to get to know Brian well
because his job is to forge strong working relationships and create a memorable settlement experience.

He’ll be reaching out periodically at each stage of the settlement process to ensure that everyone involved is fully informed and educated on the process, as well as what is needed at each step along the way. Even after the settlement is over, he’ll be checking back to find out how the experience went and to identify any ways that we can serve you better.

Read more

Team Member Spotlight: Robin Campbell

June 8, 2021

An average day in the title industry can be busy and hectic, always solving problems and often racing the clock. But when it all comes together, that’s a beautiful thing, Senior Processor Robin Campbell said. 

And though she’s traveled all around, visiting most of the U.S. states and two dozen countries, her favorite settlement story is all about a couple who decided to cancel their plans for retiring to Florida so they could stay right where they are. 

You’ll have to read to the end of this fun Q&A to find out the amazing reason why. Read more