Settlement Statement

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Title 101: What You Need to Know About 1031 Exchange Process

Whenever you sell business or investment property and have a gain, you generally have to pay tax on the gain at the time of sale. Internal Revenue Code (IRC) Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of [...]

By | July 2nd, 2018|Settlement Statement, Tax Sales|0 Comments

How to Read Title Commitments

In the title business, we work with all sorts of different parties, from loan officers to real estate professionals, as well as consumers. All too often, there is confusion among these individuals about what a title commitment is as well as how to read one. It is and has been important for them to understand [...]