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1600 Highway 6, Suite 160 Sugar Land, TX 77478
Phone: 281-207-1800
License #: 1890657
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Closed: Weekends
shebert@wfgtitle.comDirect: 281-207-1801
1600 Highway 6, Suite 160 Sugar Land, TX 77478
BQuiroz@wfgtitle.comOffice: 281-207-1800
Direct: 281-207-1804
1600 Highway 6, Suite 160 Sugar Land, TX 77478
vrodgers@wfgtitle.comOffice: 281-207-1800
Direct/Cell: 480-694-7133
1600 Highway 6, Suite 160 Sugar Land, TX 77478
mvasek@wfgtitle.comCell/Direct: 832-877-8999
mhull@wfgtitle.comOffice: 281-769-0481
24124 Cinco Village Center Blvd, Suite 400 Katy, TX 77494
My Real Estate Nerds
FETCH by WFG
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Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy. Usually, during a purchase transaction the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner’s Policy).
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy.
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser for the purchase price.
While the function of most other forms of insurance is risk assumption through the pooling of risks or losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this goal, title insurers perform an extensive search and examination fo the public records to determine whether there are any adverse claims (title defects) attached to the subject property. Said defects/claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property.
Immediately contact your escrow officer and notify them if someone is unable to attend or sign the closing documents for any reason.
An escrow is an arrangement in which a neutral third party (the escrow agent) assembles and processes many of the components of a real estate transaction, records the transaction, and ultimately, disburses and distributes funds according to the buyers’, sellers’ and lenders’ instructions. Your transaction is typically closed by an Escrow Officer. People buying and selling real estate usually open an escrow for their protection and convenience. Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow party are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
Bring government issued identification card like a driver’s license or passport. Identification, must include a picture and signature for notary purposes. In the event that you are a borrower some lenders require two forms of identification so it is always best to have two forms of identification with you.
No matter what side of the transaction you’re on, the ins and outs of real estate can be stressful. But we knew from the start that WFG could make things easier for everyone. Our company is built on five simple cornerstones to serve you better.
Oct 2WFG is proud to be a #CybersecurityAwarenessMonth Champion for the 8th year in a row! Stay tuned each Monday in October for important information to keep you cyber-safe! Multi-factor authentication,
Sep 20We are so excited to welcome back to the WFG National Title family, Brian Nachlas! Brian returns as North Texas Vice President of Sales & Marketing. He will be a tremendous resource with our Direct Op
Sep 19Did you miss WFG’s Q3 Economic Outlook webinar? Good news! It’s now available for on-demand viewing. Discussion topics included the economy, inflation, and interest rate trends; geopolitical uncertain
Sep 18In this month’s Tip Sheet, we will dive into the murky waters of cyberbullying. Bullying can come in many forms and has negatively touched countless individuals online, so it’s essential to know how t
Sep 11Today, we remember and honor the heroes who selflessly defended our nation on Patriot Day. Let’s unite as one in remembrance and gratitude for their sacrifices. #PatriotDay #NeverForget #911 #patriot
Sep 6It’s not too late! Register below and submit your questions today for WFG’s Q3 Economic Outlook webinar on Tuesday, September 12th at 2pm ET/11am PT. Reserve your spot now! Register here: https
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