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Blog

– perspective from an independent title agent

One of the main reasons for this blog is to help educate consumers and real estate professionals here in the Columbus  Ohio marketplace.   When I say real estate professionals, I wish to include the following:   Real Estate Agents, Lenders, Bankers, Mortgage Brokers, Attorneys and others.


Real Estate Agents Guide to TRID

Attention Real Estate Agents! - In case you don't already know the new upcoming regulations take effect October 3, 2015. THESE NEW REGULATIONS WILL CHANGE THE ENTIRE BUYING PROCESS! New regulations and timelines will require that realtors understand the final rule...

ALTA Settlement Statements

From ALTA's website: ALTA has developed standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges that both the homebuyer and seller must pay during the settlement process of a housing transaction....

Encrypted email coming your way

With the many of the financial reform acts including Sarbanes-Oxley, the Dodd-Frank Reform Act, and the ALTA Best Practices guide recommend that personal information that might lead to misuse or theft be classified as non-public information.    We have...

Why you should be working with a Real Estate Attorney

Reprinted with permission by James A. Zitesman – www.zitesman.com A real estate transaction is one of the largest financial and legal transactions that most people will ever do. When considering when to involve an attorney to assist a buyer or seller in a real estate...

What is a Memorandum of Trust?

If you have a trust in Ohio, your trust, is a private document that is normally never made public, during your life or at your death, no third party needs to know who gets what and how much unless you want them to know. Since 2007, Ohio adopted provisions of the...

Ohio’s Trust Code Changes

EFFECTIVE MARCH 22, 2012 Generally speaking, a trust is not a legal entity and it may not hold title to real property, with a couple of exceptions for specific types of trusts.  Rather, it is the trustee who holds title for the benefit of the beneficiaries of the...

Housing Recovery Underway? Maybe.

According to market research firm Capital Economics and even despite falling home prices and higher interest rates, the real estate market may have turned an important corner for recovery.   The research firm cites two reasons in a report on why mortgage rates won’t...

OHIO Consumers Do Not Prefer CBAs

January 27, 2011- The Ohio Association of Independent Title Agents (OAITA) today released findings from a two year study of Ohio’s real estate consumers concerning their settlement service preferences.  Here are the highlights from the Executive Summary: More than...

The Title Insurance Industry Caves (Again)

As reposted from the Ohio Association of Independent Title Agents (OAITA) Blog below: The recent foreclosure crisis that has kicked up across the United States has claimed another victim — the title insurance industry. At the beginning of October, the American Land...

Changes to Homeowners Association Bylaws – SB 187

Directly from the Ohio Legislative Service Commission website: The bill creates new procedures in state law for the establishment and governance of planned communities similar to those for condominium associations. The bill sets out definitions for planned communities...

New HUD-1/GFE

New HUD-1/GFEEffective January 1, 2010 The Real Estate Settlement Procedures Act (RESPA) underwent a facelift one year ago, with changes expected to take effect on January 1, 2010. The Department of Housing and Urban Development’s (HUD) regulation, designed to...

Fraud News

Fraud News If you believe that you have been a victim of predatory lending by a mortgage broker or lender, you might find the Mortgage Bankers Association web site helpful. Also, if you believe that you have been a victim of mortgage fraud and are looking for...

Press Release

Effective May 1, 2009 TO:   Press, TV and Radio stations in Cleveland, Columbus, Cincinnati, Dayton, Akron, and Toledo. Contact person: Robert B. Holman, Esq. representing the OAITA (440) 232-9911 SUBJECT:    INDEPENDENT TITLE AGENTS FILE NEW...

Closing Protection Coverage

Closing Protection Coverage Effective January 1, 2007 Pursuant to Section 3953.32 of the Ohio Revised Code, effective January 1, 2007, every real estate closing involving real property in Ohio in which title insurance is to be issued, the title insurance company or...

ALTA Homeowners Policy

ALTA Homeowners Policy Also known as the Eagle Policy underwritten by First American Title Insurance Co. Eagle brings you another first....Eagle Protection Owner's Policy!   The new Eagle Policy offers, quite simply, more of what you're looking for in title insurance...

Why Title Insurance?

Why Title Insurance? He lost his home twice...because of title defects. Losing a home is a cruel thing, but life can be cruel-even to those destined for greatness. Abraham Lincoln was born in a meager, one-room cabin on the Big South Fork of Nolin's Creek near...

Title Insurance Q & A

Title Insurance Q & A Q: What is title insurance? A: An insurance policy--protecting against loss should the condition of title to land be other than as insured. Q: Why do I need title insurance? A: When you buy a home, or any property for that matter, you expect...

What’s in a Title Search?

You've decided to purchase a home and hope to take possession as soon as possible.  The terms have been agreed upon and all the financial arrangements have been made.  But there's one important detail remaining.   Before the transaction can close, a title search must...

Why the Owner Needs Own Title Insurance

Why the Owner Needs Own Title Insurance - originally published in Business First Magazine and written by Richard W. Rubenstein and Mark McGrady The context is this:  The client buys commercial property.  A loan is obtained to finance most of the purchase...

70+ Ways to Lose Your Property

70+ Ways to Lose Your Property You don't want problems from prior ownerships to interfere with your rights to your property. And you don't want to pay the potentially ruinous cost of defending your property rights in court. A title insurance policy is your best...

Why a Survey?

For most Americans, their home is their major investment. People protect their investment by insuring it, making needed repairs, etc. It is also vitally important that they know the boundary lines of the property they own and to determine if other such encroachments...

What is Registered Land?

I’m asked this question several times a year so here is a clip from the Hamiliton County Recorder website: The concept of Registered Land was conceived in the 19th century with the establishment of private title insurance companies. These companies guaranteed a clear...

RESPA reform receives mixed reviews

The Real Estate Settlement Procedures Act (RESPA) underwent a facelift one year ago, with changes expected to take effect on January 1, 2010. The Department of Housing and Urban Development’s (HUD) regulation, designed to control costs and prevent deception in home...

Builders Should Not Own Title Companies

Another hat tip to our friends at http://www.caare.org/ for another article explaining the lack of transparency with builders and their customers. Builders want to continue to force consumers to use their in-house title companies. Allowing a builder to own a title...

How to sell your home fast

Whether you’re facing a job transfer, impending foreclosure, or an escalating adjustable rate mortgage, there are many reasons you may need to sell your home quick. Unfortunately, selling a home can be a discouraging process, although taking the right steps can speed...

New Document Recording – ORC 317.114

Effective July 1, 2009, Ohio Revised Code §317.114 establishes new rules for the recordation of documents in Ohio as follows: (A) Except as otherwise provided in division (B) of this section, an instrument or document presented for recording to the county recorder...

Welcome to the Blog

One of the main reasons for this blog is to help educate consumers and real estate professionals here in the Columbus Central Ohio marketplace.   When I say real estate professionals, I wish to include the following: Real Estate Agents, Lenders, Bankers, Mortgage...

Eagle Land Title Agency

Family owned and operated as a true independent agent serving Central Ohio for over 35+ years! 

216 Bradenton Ave, Dublin, OH 43017

(614) 763-5263

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