Ticor

Real Estate Withholdings! Do you know. TTG

WHEN DID WITHHOLDING START FOR CALIFORNIA RESIDENTS?

The withholding law applies to dispositions of California real estate by both residents and non-residents which close on and after January 1, 2003. Previously, withholding was only required of non-resident sellers.

Why was this withholding law enacted?

As part of attempting to balance the state budget, this withholding provision was added to legislation on the last day of the legislative session in 2002. It was estimated to accelerate collection of $285 million in additional state revenue.

Who is responsible for withholding?

The law requires the buyer (called the transferee) to withhold from what would otherwise be paid to the seller.

Land Contract- What is it? -TTG

A land contract is an installment contract in which the seller finances the purchase. The seller maintains the deed until satisfaction. It is comparable to owner financing. The buyer gives the seller a down payment and the seller acts as a bank; financing the balance of the purchase or sale price. The interest rate is negotiated by the parties.

The interest rate is negotiated and set by the parties involved. Land contracts can be created on or used on most types of property such as residential, land only, mobile home with land, commercial, mixed use.

Returning to life… People Can, & have been amazing. #CharliesStoryHasMeaning

My family has a story of challenge and adversity, and we don’t know how we would have been staying so strong without the support and love of so many all around us! Focusing on what we are most grateful for in such a time of loss. We have felt His love just reigning down upon us. I feel as if our Father above has been preparing me for years, and now its time for my family and I to trust in Him, and now to share the experiences we have been having as we walk in Faith. This message may not before all, but thats okay.

We are not called to do this journey alone. We are instructed where 2 or 3 are gathered.

What is your support system? Are you plugged in? Do you lean on Him for strength? Questions? Guidance?

I sure do, and we have truly been experiencing His love. Very truly I tell you, I have been experiencing it, and feeling His presence almost daily.

Be it and ear or a place to turn you can always call me, or find a small group, one you can plug into, and truly grow. Find a place to actively grow in your Faith and be bold! Unafraid to come along side people out of LOVE. His Greatest gift.

Who would have thought such a small, young girl could have had such a profound impact. Baby Charlie, I love you and hope Papa, and the big guy are taking great care of you!

The Role Title Companies Play in Real Estate- Ryan J Orr

Purchasing a home is probably the biggest single investment you are going to make in your lifetime. The importance of protecting your purchase cannot be overstated! With endless possibilities of things that may potentially go wrong during a real estate transaction, title insurance is crucial to ensure that the security of your new property is safe, sound and reliable.

Title insurance protects you the buyer against forgery, incompetence of grantor or mortgagor, unknown heirs, fraud, impersonation, and countless other risks that could occur during a real estate transaction. It helps to prevent future losses arising out of events that have happened in the past.

Your title company will search and examine the public land records surrounding title to your property. They will ensure that the seller is in fact the legal owner of the property, that the degree of ownership is currently and accurately vested in the seller, the status of the property taxes, among many other things in order to convey “clear title.”

Fidelity National Title is proud to offer the most comprehensive and customer oriented service available from any title company today. We take pride in our work and are consistently growing our market share because of our standard of excellence and commitment to caring about every transaction we process. We look forward to the opportunity to prove to you why Fidelity National Title is the absolute gold standard for title insurance today. Contact your Fidelity National Title Sales Executive to open an order!

The Role of the Title Company in Real Estate Transactions

A HOME designed to meet the individual needs of the family is a wonderful experience, but before the buyers actually get their dream home, they will run headlong into dozens of home ownership details.

The purchase of a home may prove to be the largest single nancial investment many people may make in their lifetime; therefore, the importance of fully protecting such an investment cannot be overstressed.
A basic home ownership protection essential to the security of the home is safe, sound, reliable title insurance.
But what is title insurance?
It is the application of the principles of insurance to risks which are present in all real estate transactions. These risks are divided into two main categories: Hidden hazards which cannot be detected in the examination of title and human errors which will always be with us.
Examples of hidden hazards are FORGERY, INCOMPETENCE OF GRANTOR OR MORTGATOR, UNKNOWN HEIRS, FRAUD, IMPERSONATION, etc.
Title insurance di ers from other types of insurance by protecting against future losses rising out of events that have happened in the past. There are no annual premiums. One premium, based on the amount of the sale or mortgage, is paid when the policy is issued and is good for the life of the policy.
A mortgage policy, insuring the lender, stays in e ect until the loan is paid o . An owner’s policy, insuring the buyer, is good as long as the owner or owner’s heirs own the property.
Initially, the title company will search and examine the public land records to investigate information surrounding title to the property.

The facts revealed by the search will determine:

That the seller is, in fact, the legal owner of the property.
That the “estate” or degree of ownership being sold is currently and accurately vested in the seller.
The presence of any unsatis ed mortgages; judgments or similar liens which must be satis ed before “clear title” can be conveyed.
Existing restrictions, easements, rights of way or other rights granted to others who are not owners which may limit the right of ownership.
The status of property taxes and other public or private assessments.
These matters will be re ected in a preliminary report or “title commitment”. The preliminary report is issued to the mortgage lender or purchaser before the closing.
As you can see, the title company is constantly involved in the sales transaction almost from the time the purchase agreement is signed, through and beyond the closing. Working mostly behind the scenes, but always in close coordination with agents, escrow, lenders, and legal counsel, Fidelity National Title strives to carry out this complex procedure in an e cient and friendly manner.
Title insurance protection gives a homeowner peace of mind by protecting the security of the home and the safety of the investment.

Rent Vs Buy- Webinar Role Play: Ryan J Orr

Have you been in the scenario where you have had a question, and struggled defining the value of home ownership as it relates to renting?

How do you explain it? Do you miss some of the key points?

How do you define
- Appreciation
- Mortgage interest
Gather info
- Phone
- Email

Relaunching the webinar series focusing on ONE thing, one role play in a real scenario, and how to leverage regular conversations to grow your business. Whether, you have some ideas or just want to sharpen the saw, join us for this 20ish min webinar to see how to leverage this conversation! We will be doing webinars 2x per month..

This will be a quick and easy Webinar walking you seemlessly through this conversation!

https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ecfddxul020a95c8&oseq&c&ch

Navigating through BK in the Real Estate Transaction- Ryan J Orr

Navigating through BK in the Real Estate Transaction

Guest Speakers
Stephen Cho- Bankruptcy Attorney
Tom Bernath- Chief Underwriter -Ticor Title

In an ongoing effort to provide excellent education to help our clients grow, we are continuing our training series on April 19th! We are noticing quite a few transaction were BK’s are becoming speed bumps. In our class we hope to address concerns, the different types of bk’s, how to find resolution, and how to get ahead of challenges before they become deal breakers!

Let’s work together to find proactive solutions to common challenges in the Real Estate Transaction!

#TTG is your strategic business partner for all things real estate related!

click on the link below to register or RSVP.

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Should you have any questions, please feel free to reach out to me or any of our teammates!

We look forward to having you at our event!