5 Tips to a Successful Closing
It takes more than luck to have a successful real estate closing. These are our top 5 tips for making your next closing go smoothly. Money, Money, Money, Money - Make buyers aware that funds brought to closing must be in the form of a wire or cashier's check. Title companies cannot accept personal checks. [...]
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 [...]
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 [...]
Going Through the Big D (And Don’t Mean Dallas): How Divorce Affects Real Property
We’re excited to present the latest in our series on the Melrose Title Company blog “Ask An Attorney.” This is a way for us to answer some of the more commonly asked questions and provide clarity and understanding for consumers. In this edition of “Ask An Attorney,” our own attorney Jessee Bundy addresses how divorce [...]
What is the Good Funds Law and Why Should You Care?
Did you know there's something called the Residential Closing Funds Distribution Act of 2005 (a.k.a. the "Good Funds" Law)? The Residential Closing Funds Distribution Act of 2005 ("the Act") ensures that checks disbursed at the closing table are backed by good funds at the time of issuance and will not be dishonored when presented to [...]