Blog

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April 2018

How Closing Costs Stack Up

By | April 23rd, 2018|Home Closing|

Curious about how closing costs stack up across the country? The average national closing costs totaled $4,876, according to a recent survey released by ClosingCorp. This data represents the average closing costs, including lender’s title, owner’s title, settlement, appraisal, transfer taxes (where applicable), recording fees and other costs including inspection (pest, roof and home) services [...]

March 2018

Notice of Completion and What You Need to Know When Working with New Construction

By | March 19th, 2018|Home Closing, Real Estate|

There is definitely an uptick of new construction in East Tennessee and as a real estate professional, it's important that you are informed about issues that may affect your clients. One such thing to be familiar with is "Notice of Completion." The Notice of Completion is an instrument that can be recorded pursuant to TN [...]

February 2018

Is Tennessee a Community Property State and Why Does It Matter?

By | February 5th, 2018|Home Closing|

Marital property is anything, real or personal, that was acquired during marriage, and includes any increase in value of separate property over the course of the marriage or personal injury recoveries. The court determines the spouses’ contributions to increase to determined value. Everything else is separate property, and is awarded to the spouse whose property [...]

January 2018

Underwriting Guidelines & Tax Sales: What You Need to Know

By | January 29th, 2018|Tax Sales|

Generally, Old Republic will not insure a property if there has been a tax sale in the last 20 years absent certain factors being present. If there is an Owner’s Policy for the current owner, and that Owner’s Policy does not contain an exception for tax sale matters, ORT can insure with an indemnity letter [...]

Melrose Title Company Upgrades Free Title App

By | January 10th, 2018|For Buyers and Sellers, Real Estate, Realtors|

If you thought Melrose Title's FREE title app was already pretty great, you're going to love these latest updates! The Buyer Estimate has been redesigned to feature sections for the following: Home insurance Property tax prorations HOA dues prorations Impounds Lenders fees and other buyer expenses OR credits. Don't worry, it still includes allows you to save [...]

November 2017

Help Melrose Spread the Love to Ronald McDonald House!

By | November 9th, 2017|Community Events, Community Support|

Melrose Title is spreading a little bit of love to our friends at the Ronald McDonald House this holiday season by collecting items from the organization's wishlist. You can drop off items at either Melrose Title location between now and the end of the year. Another way to support the Ronald McDonald House is by [...]

October 2017

Melrose Title Sponsors Farragut 5k Run & Fun Walk – Nov. 11th

By | October 13th, 2017|Community Events|

Join Melrose Title Company for the Farragut Chamber's Fall 5k Run & Fun Walk! When: November 11th at 8 a.m. Where: Mayor Bob Leonard Park, Watt Road, Farragut TN This event benefits the Chamber’s Education Grant program and 15% of the proceeds will be donated to the Smoky Mountain Service Dogs (for our wounded veterans). [...]

July 2017

Beware and Take Precaution to Avoid Online Fraud

By | July 12th, 2017|Uncategorized|

Please be aware that Wire Fraud Schemes are rampant this summer as well as email phishing. What can you do? Change your email password to something difficult to replicate (use a combination of letters and numbers). From a recent article in the ALTA (American Land Title Association) newsletter:  Here are five tips to protect against wire [...]

February 2017

Melrose Title Team Spotlight – Teresa Glass

By | February 8th, 2017|Melrose Title Team Spotlight|

When it comes to the title business, you can never underestimate the importance of knowledge and experience. Here at Melrose Title Company, we have high standards for our team. This is why we've assembled a group of unique individuals who are the best of the best in their fields. And one of those team members [...]

January 2017

Melrose Title Team Spotlight – Robin Morgan

By | January 6th, 2017|Uncategorized|

How do you set out to create an amazing company?  Much of a company's success comes from assembling a group of like minded individuals who are committed to achieving success, together. Not only is it necessary to have a good team, but it's also crucial to have the right leader in place. Here at Melrose [...]