Sentences with phrase «title owner of the policy»

Generally, the title owner of the policy is an individual but it could can also be a trust or business entity such as a corporation or an limited liability company if the circumstances warrant this strategy.

Generally, the title owner of the policy is an individual but it could can also be a trust or business entity such as a corporation or an limited liability company if the circumstances warrant this strategy.

Not exact matches

Owner's title policy fee is determined by the Texas Department of Insurance and is approximately 1 percent of the sales price when selling.

If they feel comfortable that you should be the owner of the property, the title company will issue a policy covering you against loss if for any reason you are not the proper owner of the property.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disabTitle Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disabtitle will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

Insurance benefits will be paid only to the «named insured» in the title policy, so it is important that an owner purchase an «owner's title policy», if he desires the protection of title insurance.

Title Insurance: Insurance to protect the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property.

Even when a property is resold quickly, or refinanced within a short period of time from the original purchase or most recent refinance, a new title search and title policy are needed because the owner could have taken actions that had an impact on his claim to the title, such as taking out a second mortgage or incurred a lien from unpaid taxes.

A title insurance policy is one of the common methods for protecting yourself against problems of the previous owner that might come back and bite you.

In Australia, «title insurance» refers to a type of policy offered by two American insurers to cover purchasers, lenders and home owners against a grab - bag of risks relating to:

Without these policy shifts, native title will continue to provide native title holders with only hollow rights to land with little scope for realising the social and economic development goals of traditional owners development opportunities that non-Indigenous title holders take for granted.

In the following section I want to take this process further and consider how the concepts, goals and processes that underpin the government's Indigenous policy can be applied to the principles outlined in chapter 2 that direct the native title system to the economic and social development of the traditional owner groups.

In order for this to happen these stakeholders must develop policies that put the economic and social development of the traditional owner group as a goal of the native title process.

As the Native Title Report 2003 detailed, a common theme of state and federal native title policies as they currently exist is a preference for negotiation over litigation.180 This agreement - focus provides an invaluable opportunity for governments and traditional owner groups to ensure that native title agreements respond as far as possible to the economic and social development needs of the native title claimant group rather than just the demands of the legal syTitle Report 2003 detailed, a common theme of state and federal native title policies as they currently exist is a preference for negotiation over litigation.180 This agreement - focus provides an invaluable opportunity for governments and traditional owner groups to ensure that native title agreements respond as far as possible to the economic and social development needs of the native title claimant group rather than just the demands of the legal sytitle policies as they currently exist is a preference for negotiation over litigation.180 This agreement - focus provides an invaluable opportunity for governments and traditional owner groups to ensure that native title agreements respond as far as possible to the economic and social development needs of the native title claimant group rather than just the demands of the legal sytitle agreements respond as far as possible to the economic and social development needs of the native title claimant group rather than just the demands of the legal sytitle claimant group rather than just the demands of the legal system.

Developing a native title policy consistent with these principles will enhance the capacity of the native title system to deliver real outcomes for traditional owner groups and the communities they live in.

A policy approach that redirected native title to the economic and social development goals of the traditional owner group would ensure that the emphasis of the native title system was upon strengthening the Indigenous structures that can ensure «proper utilisation of the land».

In November 2006, the Group decided that its main purpose would be to negotiate a new policy framework with the state government so that native title could better meet the aspirations of traditional owners.

As indicated in my discussion of State and Territory policies (96) a preference for negotiation over litigation provides an invaluable opportunity for governments and traditional owner groups to ensure that native title agreements respond to policies directed to the economic and social development of the native title claim group rather than to the demands of the legal system.

The list of issues however does not include the development of a policy direction for the negotiation of native title agreements, including those ancillary to a determination and those made with traditional owner groups which may not meet the legal tests established under the Native Titletitle agreements, including those ancillary to a determination and those made with traditional owner groups which may not meet the legal tests established under the Native TitleTitle Act.

Some States, guided by a broader policy direction towards the economic and social development of traditional owner groups, proceed to negotiate with native title claim groups when they are certain that the group with whom they are negotiating are the traditional owners of the relevant land.

While there are many examples of native title agreements that do provide economic and social development outcomes for traditional owner groups these are not usually a result of applying native title policy goals, but rather come out of the intersection of native title with the States» other policy priorities.

Chapter 3 examines the principles that underlie the new arrangements for Indigenous policy and seeks to develop these principles into a foundation for redirecting native title policy towards the economic and social development goals of traditional owner groups.

Articulating the underlying purpose of the negotiation process at a policy level in terms of the economic and social development of the traditional owner group would also clarify the relationship between negotiations at the three levels discussed above (negotiating consent determinations, negotiating agreements ancillary to a determination, and negotiating agreements which do not include a native title determination).

It also means that there has been little policy development at a State level around defining the elements of a native title agreement or the processes of negotiation that may be required to contribute to the sustainable development goals of the traditional owner group.

While the legal construction of native title in Australia has diminished the extent to which the law will recognise Indigenous laws and customs and decision - making structures, a broader policy approach to native title can give recognition to Indigenous identity as it manifests in the way of life of a vast array of traditional owner groups throughout this country.

It also means that there has been little policy development around defining the elements of a native title agreement that would best contribute to the sustainable development of the traditional owner group.

ensure that the traditional owners of southern Queensland were aware of the policies upon which decisions regarding the management of native title will be made by QSNTS

The issue of integrating traditional owner concerns and interests with broader Indigenous community concerns and interests is discussed in detail in chapter 3, Looking forward - a policy approach to native title.

CFPB should also address the disclosure of title premiums under «simultaneous issue» of lender's and owner's policies.

More troubling, another 10 percent of homebuyers feel taken advantage of when reviewing the current calculation of an owner's title insurance policy on the Closing Disclosure.

At the very least, the savings could be put toward buying an owner's policy for title insurance for yourself to give you some peace of mind during the buying process.

Before issuing an owner's policy, a title insurance company will search and examine public records to determine the state of the property's title.

In some parts of the country, the seller would purchase the owner's title policy for the buyer — in effect telling them the house they are buying has a clear title.

But if the seller insists, as a condition of sale, that the buyer pay for both the owner's and the lender's title insurance policies from a title company of the seller's choice, then the seller would be in - violation of Section 9.

If sellers pay for the owner's policy, they may insist on choosing a preferred title provider, but buyers must be free to select their own title company on the lender's policy (even if the cost of that lender's policy is higher than the fees charged by the seller's title company for the same policy).

So, if the seller agrees to pay for both the owner's and lender's title insurance policies, RESPA doesn't consider the seller to be requiring the use of a particular title company.

HUD considers it a violation of RESPA when your brokerage's title company or its owners have a financial interest in a captive reinsurance program formed by the title insurer that underwrites your title company's policies.

The underwriter for your owner's title insurance policy will make sure that one of their agents orders a lien search of municipal records to show that all water, sewer, gas and other municipal utility bills are paid as well as to determine if there are any outstanding special assessments in order to remove requirements / exceptions from the title commitment.

Insurance benefits will be paid only to the «named insured» in the title policy, so it is important that an owner purchase an «owner's title policy», if he desires the protection of title insurance.

If the easement for the sewer line was recorded but was not disclosed on your title insurance owner's policy, the title insurer is liable for damages (either the cost of moving the sewer or the lessened value of your home and property).

A Florida title insurance owner's policy and a Florida title insurance lender policy are generally issued simultaneously, with the policy of lesser value having only a nominal premium rate.

There are two types of title insurance — a lender's title policy and an owner's title policy.

Note, the bank's title insurance policy won't help a buyer (or property owner), which is why most, if not all, buyers purchase their own separate owner's title insurance policy as part of their closing costs (the premium paid for a title insurance policy is sometimes paid by the buyer, sometimes by the seller — see our discussion on negotiation of closing costs).

Title insurance.Insurance that protects the lender (lender's policy) or the buyer (owner's policy) against any loss arising from disputes over ownership of a property.

There are two types of title insurance — a Lender's Policy, and an Owner's Policy.

A policy of title insurance usually insuring an owner of real estate against loss occasioned by defects in, liens against or unmarketability of the owner's title.

Under title insurance price structures in many states, when a consumer purchases an owner's title insurance policy and lender's title insurance policy at the same time, a discount is offered on the price of the lender's title insurance policy.

Owner's Title Insurance Premium: The result of adding the full owner's title insurance premium and discounted premium for the lender's policy, and subtracting the premium for the lender's policy based on the full premium Owner's Title Insurance Premium: The result of adding the full owner's title insurance premium and discounted premium for the lender's policy, and subtracting the premium for the lender's policy based on the full premium Title Insurance Premium: The result of adding the full owner's title insurance premium and discounted premium for the lender's policy, and subtracting the premium for the lender's policy based on the full premium owner's title insurance premium and discounted premium for the lender's policy, and subtracting the premium for the lender's policy based on the full premium title insurance premium and discounted premium for the lender's policy, and subtracting the premium for the lender's policy based on the full premium rate.

It's smart for anyone purchasing an REO property to buy a policy of owner's title insurance at closing.

A Lender's policy and an owner's policy of title insurance can be issued concurrently, but it is important to know that they are separate policies.