Category: Industry News

Home buying can be a stressful and complex process even when everything is going smoothly. After all, it is the biggest purchase most people will make in their lifetimes. However, you can help to feel more confident when you sit down at your closing with preparation. While you will most likely have several professionals guiding you through the process, understanding what to expect can make the experience much smoother.

Property taxes will remain one of the larger expenses associated with owning your home year after year, after you pay off your mortgage. Yet, most property owners pay their bills year after year without ever taking the time to understand how the tax amount was calculated and whether it was assessed accurately. There is a process available to protest your property tax appraisal if you believe it is incorrect.

Title insurance is a specific type of indemnity insurance, which is typically acquired in conjunction with a real estate purchase. If you are a first-time homebuyer, you most likely have a number of questions about it. In this article, the ANSTitle agents will cover the basics of title insurance as well as answer the common questions that buyers often have.

Title endorsements are supplements to the basic title insurance that homebuyers are typically required to obtain when closing on a new property. Title insurance is meant to protect the buyer from unforeseen claims on the property that may result in devastating financial losses. While the standard policy provides coverage against a number of common title defects, endorsements offer additional protection for specific situations.

Title insurance is oftentimes one of the more expensive closing costs for home buyers, yet many are not quite sure what they are paying for. While purchasing a policy is certainly a necessary expense for any property owner, it is important to understand the various factors that impact the pricing and which ones may help you save money on your policy.

First time buyers of homes and even commercial buildings can oftentimes feel overwhelmed by the amount of paperwork and unfamiliar terminology involved in the purchasing process. Even if you have a real estate broker or a lawyer representing you in the transaction, it would be wise to familiarize yourself with some of the basic concepts and terms.

In this article, the experts at ANSTitle will discuss why title insurance is crucial to every real estate closing and how each type of policy can protect the respective policyholders against a slew of unforeseen title claims. As a New York title insurance company with decades of experience, we want to educate every real estate buyer about the importance of clear titles and policy ownership.

Despite the COVID-19 pandemic, the housing market surpassed expectations in 2020. Will the strong real estate market carry over into 2021? Mortgage rates are expected to remain low for the foreseeable future, but a big short in housing supply will continue into 2021, likely keeping house price appreciation flying high. Listen to the American Land Title Association for insights on what to expect.