Archive for July 2023
Muniment of Title
When an individual passes away without a Will, the law determines the heirs of that person and all property of the decedent passes to those heirs in percentages that are prescribed by law. A Will is a wonderful way for the individual to designate to whom property should pass, eliminating the statutory heirs. If the…
Read MoreClosing Properties in an Estate
It is not unusual for a title company to handle a transaction in which the last person in the recorded chain of title for a piece of property is deceased. When this happens, title companies must rely on the Texas Estates Code to determine who has authority to sell the deceased person’s property. A person…
Read MoreRole of a Title Company
So much happens during a real estate transaction, and there are a variety of parties that are integral in the process to ensure everything happens legally and fair for everyone involved. Learn about the importance of choosing the right title company, and how a title company helps real estate deals happen. In Texas, title insurance…
Read MoreTitle insurance
It is not unusual for buyers, sellers, and borrowers closing at our boutique title company in the Houston Heights to ask why they are paying for a title insurance policy and what title insurance covers. Like any other insurance, title insurance provides protection when something goes wrong, with certain exceptions. In the case of title…
Read MoreWHAT IS ESCROW?
Escrow is the placing of something with a neutral third party, an Escrow Agent, until conditions are met. In a real estate transaction, the contract and Earnest Money are placed with the Escrow Agent soon after the contract is executed. The contract delineates the conditions that must be met by each party, such as the…
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