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TexHomeland

  1. The smallest good deed is better than the grandest good intention.- Duguet
  2. Obstacles are the things we see when we take our eyes off our goals. - Zig Ziglar
  3. "In a time of turbulence and change, it is more true than ever that knowledge is power." - John Fitzgerald Kennedy
  4. Ernie Sarandos is this weeks big winner in the Texas Homeland Title Text Message Trivia Game!
  5. Montgomery County Appraisal District now uses computer analysis of aerial photography to find improvements which were missed in prior years.
  6. The local appraisal district will go back up to five years to assess improvements to property missed during prior tax years.
  7. If a title company determines that a property will be subject to a tax rollback, it must arrange for payment of the rollback amount.
  8. #CharlieSheen plays it
  9. The Guaranty Fees are held in a fund which can pay claims by policy holders of a title company that fails.
  10. If a lien must be paid off at closing, title companies cannot close without a written payoff statement from the lienholder.
  11. A "Guaranty Fee" of $5 per title policy is collected at closing and sent to the Texas Title Insurance Guaranty Association.
  12. Our escrow fee is $250 to the buyer and $250 to the seller.
  13. Title companies do not insure property addresses, only legal descriptions.
  14. It is likely that an underlying lienholder will be notified that the borrower sold the property if the lienholder receives the tax bill.
  15. To include a Due on Sale clause in a seller finance loan, check the box on the seller finance addendum requiring lender's consent to sell.
  16. Texas Homeland Title can issue title policies on wraparound liens if the parties sign certain disclosures and acknowledgments.
  17. Using a wraparound lien to seller finance could trigger the due on sale clause.
  18. A Due on Sale clause allows the lender to call the loan due if the borrower sells all or part of the property.
  19. Recorded Powers of Attorney will be returned to the appropriate party after the funding of the transaction.
  20. Sellers who must report sales proceeds to the IRS may use their HUD-1 Settlement Statement as a substitute IRS form 1099.