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My Best,

Mike Turner
Vice President
County Sales Manager
California Title Company
760-535-3836
miket@caltitle.com

Keep California Golden!  Please don’t print unless absolutely necessary.

Confidentiality Notice: The information contained in this electronic e-mail and any accompanying attachment(s) is intended only for the use of the intended recipient and is non-public in nature and may be confidential and/or privileged. If any reader of this communication is not the intended recipient, unauthorized use, disclosure, dissemination or copying is strictly prohibited, and may be unlawful. If you have received this communication in error, please immediately notify the sender by return e-mail, and delete the original message and all copies from your system and promptly destroy any copies made of this electronic message. Thank you.

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California Title offices will be closed on Labor Day, but our Sales Reps will be available ALL WEEKEND. Don't hesitate to call us if you need information for showings or listings over the weekend.

My Best,

Mike Turner
Vice President
County Sales Manager
California Title Company
760-535-3836
miket@caltitle.com

Keep California Golden!  Please don’t print unless absolutely necessary.

Confidentiality Notice: The information contained in this electronic e-mail and any accompanying attachment(s) is intended only for the use of the intended recipient and is non-public in nature and may be confidential and/or privileged. If any reader of this communication is not the intended recipient, unauthorized use, disclosure, dissemination or copying is strictly prohibited, and may be unlawful. If you have received this communication in error, please immediately notify the sender by return e-mail, and delete the original message and all copies from your system and promptly destroy any copies made of this electronic message. Thank you.

Posted via email from mikecaltitle's posterous

This week we have 2 days of Special Recordings to get your deals closed. Tuesday is the end of the month, so recordings will also take place in the afternoon, and Friday is the day before a Holiday weekend. Take advantage of these two recording times.

My Best,

Mike Turner
Vice President
County Sales Manager
California Title Company
760-535-3836
miket@caltitle.com

Keep California Golden!  Please don’t print unless absolutely necessary.

Confidentiality Notice: The information contained in this electronic e-mail and any accompanying attachment(s) is intended only for the use of the intended recipient and is non-public in nature and may be confidential and/or privileged. If any reader of this communication is not the intended recipient, unauthorized use, disclosure, dissemination or copying is strictly prohibited, and may be unlawful. If you have received this communication in error, please immediately notify the sender by return e-mail, and delete the original message and all copies from your system and promptly destroy any copies made of this electronic message. Thank you.

Posted via email from mikecaltitle's posterous

If you're buying or selling a home and want to know why you are purchasing Title Insurance, see below:

The Basics

What is Title Insurance?

Title insurance is a contractual obligation that protects against losses that occur when title to a property is not free and clear of defects (e.g. liens, encumbrances and defects that were unknown when the title policy was issued). The terms of the policy define what risks are covered and what risks are excluded from coverage. The title insurer will reimburse you for losses that are covered, up to the face amount of the policy, and any related legal expenses. This protection is effective as of the issue date of the policy and covers defects arising prior to your ownership. Title companies issue policies on all types of real and personal property. Two types of title insurance policies for real property are common: a lender's policy and an owner's policy.

Who Should Purchase Title Insurance?

Lenders require title insurance as a condition for your loan. Two types of policies are available: an owner’s policy and a lender’s policy. A lender’s policy insures that the lender’s security interest in the property has priority over claims that others may have in your property. A lender’s policy does not protect you. Similarly, the prior owner’s policy does not protect you. If you want to protect yourself from claims by others against your new home, you will need an owner’s policy. An owner’s policy insures the buyer for as long as he or she owns the property. This protection is limited to the value of the property. It is usually less expensive to purchase a lender’s policy and owner’s policy at the same time from the same title insurer. Contact your California Title Sales Representative for additional information.

How Much Title Insurance Will I Need?

The homebuyer should insure the full purchase price of the property; the lender only requires title insurance to cover the amount of your loan..

Who Pays the Premium for the Title Policy?

In California, settlement practices vary from locality to locality. The party that pays the title premium is a matter of local custom and practice and not set by law. Depending upon the region, the premium for a title insurance policy can be paid by the buyer or the seller or split between both parties. In Southern California, the seller customarily pays the premium for title insurance. In Northern California, the buyer customarily pays the premium for title insurance, or occasionally the premium is split between buyer and seller. In almost every county, the buyer pays the lender’s policy premium. The parties are free to negotiate a different allocation of fees. Your escrow officer can advise you as to who normally pays the premium in your area.

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Recording fees for the County of San DIego will be increasing July 1st. Please contact me if you need more information on how this might affect you closing your transaction!

For a more in depth list of recording fees, see the attached website:

http://arcc.co.san-diego.ca.us/default.aspx

My Best,

Mike Turner
Vice President
County Sales Manager
California Title Company
760-535-3836
miket@caltitle.com

Keep California Golden!  Please don’t print unless absolutely necessary.

Confidentiality Notice: The information contained in this electronic e-mail and any accompanying attachment(s) is intended only for the use of the intended recipient and is non-public in nature and may be confidential and/or privileged. If any reader of this communication is not the intended recipient, unauthorized use, disclosure, dissemination or copying is strictly prohibited, and may be unlawful. If you have received this communication in error, please immediately notify the sender by return e-mail, and delete the original message and all copies from your system and promptly destroy any copies made of this electronic message. Thank you.

Posted via email from mikecaltitle's posterous

Some great news for those of you taking advantage of the Tax Credit ending June 30th. The deadline has changed for people who are currently in escrow. Read Below!!

Senate OKs new tax credit closing deadline

Backers of amendment cite backlog of 180K homebuyers

By Inman News, Wednesday, June 16, 2010.

Inman News

The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.

Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 homebuyers nationwide, said amendment sponsor Sen. Harry Reid, D-Nev.

The amendment to HR 4213, the "American Jobs and Closing Tax Loopholes Act of 2010" -- which primarily extends unemployment insurance benefits -- was approved in a 60-37 vote Wednesday. The vote was mostly along party lines, with only four Republicans in favor and one Democrat opposed.

"While I am disappointed that more Republicans did not support this common-sense measure to strengthen the economy and reduce the deficit, I am committed to ensuring that more Nevadans and Americans can become homeowners and that this amendment becomes law," Reid said in a statement.

The House passed an earlier version of the bill in December, and the Senate approved its own version in March. The Senate is currently working on resolving differences between the two bills.

The National Association of Realtors supports the amendment, saying Realtors have reported that as many as one-third of qualified applicants have been told by lenders that their loans will not close before June 30 because of the sheer volume of loan applications in the pipeline.

The amendment does not extend the deadline for homebuyers to qualify for the tax credit, NAR said in urging lawmakers to approve it, but simply extends the deadline for closing transactions already in contract.

"Since these applications were already in the pipeline and figured into the program's cost, the extension of the closing deadline should not incur any further government costs," NAR President Vicki Cox Golder said in a statement.

There has been some speculation that some homebuyers will attempt to submit fraudulent claims for the tax credit by backdating documents showing they were under contract by April 30, and that extending the deadline for closing would expose the government to more fraudulent claims.

My Best,

Mike Turner
Vice President
County Sales Manager
California Title Company
760-535-3836
miket@caltitle.com

Keep California Golden!  Please don’t print unless absolutely necessary.

Confidentiality Notice: The information contained in this electronic e-mail and any accompanying attachment(s) is intended only for the use of the intended recipient and is non-public in nature and may be confidential and/or privileged. If any reader of this communication is not the intended recipient, unauthorized use, disclosure, dissemination or copying is strictly prohibited, and may be unlawful. If you have received this communication in error, please immediately notify the sender by return e-mail, and delete the original message and all copies from your system and promptly destroy any copies made of this electronic message. Thank you.

Posted via email from mikecaltitle's posterous

California Title Company

Online Open Order Sheet Use the form below to submit a new Title Order. If you would prefer a PDF version to e-mail or fax, download here. Please note that this order form is for the opening of Title Orders. If you would like to ask about property information or other reports, please contact your sales representative. Thank you.

via caltitle.com

Opening your Title Orders online is easy and fast. We've just updated our Open Order sheet both online, and a downloadable PDF that you can fax or email.
Check it out, and open your next order with California Title Company!

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