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So far Melrose Title Company has created 17 blog entries.

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 |2019-06-11T18:58:12+00:00July 2nd, 2018|Settlement Statement, Tax Sales|0 Comments

Title Insurance 101: All Inclusive vs Out of County Rates

We have found there to be some confusion about this topic, so we figured it might be a good time to share some info on our Melrose blog. Tennessee title insurance premiums and costs can vary depending on the county. This is related to whether or not a particular county is classified as all-inclusive or [...]

By |2019-06-11T18:58:12+00:00June 18th, 2018|Costs, Title Search|0 Comments

How Closing Costs Stack Up

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 [...]

By |2019-06-11T18:58:12+00:00April 23rd, 2018|Home Closing|0 Comments

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

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 [...]

By |2019-06-11T18:58:12+00:00March 19th, 2018|Home Closing, Real Estate|0 Comments

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

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 [...]

By |2019-06-11T18:58:12+00:00February 5th, 2018|Home Closing|0 Comments

Underwriting Guidelines & Tax Sales: What You Need to Know

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 [...]

By |2019-06-11T18:58:12+00:00January 29th, 2018|Tax Sales|0 Comments

Melrose Title Company Upgrades Free Title App

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 [...]

Help Melrose Spread the Love to Ronald McDonald House!

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 [...]

By |2019-06-11T18:58:12+00:00November 9th, 2017|Community Events, Community Support|0 Comments

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

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). [...]

By |2019-06-11T18:58:12+00:00October 13th, 2017|Community Events|0 Comments