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From the category archives:

Professional

Subdivisions-Taxes Require Special Attention

December 4, 2008

When buying a property that is part of a larger tract and where the parcels have not been separately assessed, buyers (and their representatives) should pay close attention to the taxes being reimbursed to the seller on the HUD-1 Settlement Statement. We are also seeing more transactions where a single family residence is located on [...]

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City of Philadelphia Cracking Down on Fraudulent Conveyances

November 10, 2008

In an effort to thwart the rising number of cases of stolen property, real property that is, the City of Philadelphia has instituted a new policy when recording documents.
Anyone other than the Sheriff, attorney, law firm, or title company submitting a Deed for recording will have to produce supporting documentation to file the Deed. A [...]

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Discounts Available

November 10, 2008

Most title insurance transactions are entitled to a significant discount on the title insurance premium. Title insurance rates are filed with the Pennsylvania Insurance Commission and provide for tiered discounts based on the amount of time since the last issuance of a title insurance policy. Some examples:

A homeowner refinancing a Mortgage originally recorded 3-4 years [...]

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