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Going to Extremes

Appraisal Buzz

In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370
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Two Southern banks complete mortgage eNote transfer

Housing Wire

” Navigating Closing Struggles in 2021’s Purchase Market. Elaine Marshall, North Carolina Secretary of State, described it as a “win-win-win for home buyers, the business sector and the government sector in making the mortgage closing process less time consuming, less stressful, and even more secure.”

Mortgage 241
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ALTA: Protecting property rights with title insurance

Housing Wire

ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015. Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer.

Insurance 464
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Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money. “It

Insurance 303
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Low Appraisal Fees in 2024

Appraisal Today

When shopping for a house, buyers are usually focused on the total size, list price, and location. The median list price can fluctuate even if the market is stable,” McLaughlin explains. For instance, an increased share of smaller homes on the market could lower the median list price without affecting the overall value of homes.”