Midtown’s Interpretation of HOA Fees Related to the Updated TREC Condo Contract & HOA Addendum
Due to the increasing prevalence of disputes related to HOA fees, we would like to take the opportunity to clarify Midtown’s interpretation of the updated TREC Residential Condominium Contract, Section 12...
Deleting the Area & Boundary Exception
There is standard language on Schedule B of a title commitment and title policy that says the title insurer is not liable for discrepancies in boundary lines, other people’s...
FAQ: What Can I Expect at Closing?
FAQ: What can I expect at closing? Our team will reach out to set appointments for both the seller and buyer parties, buyer and seller parties sign separately. Closings on...
FAQ: What Qualifies as a Valid ID?
FAQ: What qualifies as a valid ID? A valid ID includes: Unexpired Driver’s License or State Issued ID Card Unexpired USA Passport Unexpired US Military Identification Unexpired Driver’s License or...
FAQ: Why do title companies need to review entity docs?
FAQ: Why do title companies need to review entity docs? A: Title companies need to review entity docs to ensure that any entities involved in a transaction are registered, who...
What does it mean when the title company says “Good Funds” are needed for closing?
Good Funds consist of wire transfers, certified checks, or cashier’s checks. Good Funds must be received and deposited before any funds may be disbursed. ACH transfers are not acceptable as...
Selling Property when there has been a death in the Chain of Title & Intestate Succession in the State of Texas
Title to a property owned by a deceased person aka the “Decedent” passes to their heirs immediately upon death, but administration of the estate is still necessary to document the...
FAQ: If we can research and eliminate title risks up front, why pay for title insurance?
There are undetectable issues which can surface later and cause financial hardship or even loss of property. Examples include: A forged signature on a deed, which would mean no transfer...
FAQ: If I have a title insurance claim, what gets covered?
Title insurance will: PROTECT THE INSURED FROM FINANCIAL LOSS due to covered claims that may be asserted against the title to the real estate, up to the face amount of...
What does an Escrow Officer do?
Q: What does an Escrow Officer do? A: An escrow officer acts as an unbiased, neutral third party between buyer and seller parties throughout a real estate closing transaction. Our...