Berkshire Broadcast

1. A fire destroys only the house and improvements. The ground is left. A defective title may take away not only the house, but also the land on which it stands. Title insurance protects you (as specified in the policy) against such loss.

2. A deed or mortgage in the chain of title may be a forgery.

3. A deed or a mortgage may have been signed by a person under age.

4. A deed or a mortgage may have been made by an incapacitated person or one otherwise incompetent.

5. A deed or a mortgage may have been made under a power of attorney after its termination and would, therefore, be void.

6. A deed or a mortgage may have been made by a person other than the owner, but with the same name as the owner.

7. The testator of a will might have a

564 Views, 0 Comments

  • Choosing your Real Estate Agent. (call Jessica Hatchett)
  • Choosing your lender (know about different types of mortgage loans and pre-qualification).
  • Selecting your home (determine the type, the price, and the location).
  • The Offer (once you have found the property make a written offer through your real estate agent).
  • The escrow process (when you have reached an agreement with the seller, the initial good-faith deposit is given to an escrow representative, and the process begins).
  • The mortgage loan (a mortgage loan is requested, filling out the appropriate forms).
  • Preliminary title report (is reviewed and accepted).
  • Inspections and disclosures (the property is inspected during the period specified in the contract, and all
599 Views, 0 Comments

what is a home warranty?A Home Warranty is a contract between a homeowner and a home warranty company that provides for discounted repair and replacement service on a home's major components, such as the furnace, air conditioning, plumbing and electrical system. A home warranty may also cover major appliances such as washers and dryers, refrigerators and swimming pools. Most plans have a basic component that provides all homeowners who purchase a policy with certain coverages. In addition to the standard items, expanded coverage can usually be added at a premium.

A home warranty is not the same thing as homeowners insurance, nor is it a replacement for homeowners insurance. Homeowners insurance covers major perils such as fires, hail, property crimes and certain types of

590 Views, 0 Comments