At Express Title and Closing, we have opted to produce a series of video blogs concerning the most common problems and solutions that real estate professionals often face during a real estate transaction/closing.
The blogs will offer tips and advice to realtors, mortgage lenders, and buyers and sellers so that they can enjoy a smoother real estate transaction closing. We hope you enjoy them, while gaining some valuable insight into some of the more common real estate transaction challenges and solutions we experience on a regular basis in our industry.
Upcoming video blog topics include:
- Wire fraud and Cyber crime. There are many phishing scams targeting real estate professionals that you need to be aware of. This video also shows how you can avoid becoming a victim.
- Types of Deeds: general warranty deed, special or limited warranty deed, quitclaim deed, deed in lieu of foreclosure, and deed creating a tenancy by the entireties. We will cover the differences in the types of deeds, and why every real estate professional should know them.
- Power of attorney types. How POA should be used when the buyer or seller cannot be at the closing.
- Real estate transactions when both the buyer and seller are out of the country. Getting documents notarized in a foreign country.
- The seller is deceased, so what do you do next and how this affects the property in a real estate transaction. Includes advice on managing the transaction if the property becomes part of an estate.
- Examples of when title insurance would be used, such as for boundary line disputes or credit claims.
- Closing problems to avoid: what to bring to a real estate closing, useful advice on document signatures, when the spouse is not on title, and what to do if the property owner is deceased or divorced.
- Mobile home title transactions. How to know if it is personal or real property and advice on converting title to real property.
- Bankruptcy and judgment liens and how this affects the real estate transaction. Also covers the myth that a bankruptcy eliminates a personal judgment or lien on property.
- 1031 exchange. How to roll the proceeds from a real estate transaction into another property to avoid capital gain taxes. Included are six questions to determine if your real estate transaction qualifies for a 1031 exchange.
- The top 5 craziest closing experiences.
Be on the lookout for future video blogs. If you like them and find them helpful, please share them on social media. Thanks for reading!