Wednesday, October 18, 2017

All About G-Suits

STA University is OPEN! Please check our events page on Facebook often for a list of classes. RSVP to any of our classes on Facebook or by sending a email to ldesena@statitle.com. Below are a few we have coming up!

Thursday, September 21, 2017

STA University is OPEN! Please check our events page on Facebook often for a list of classes. RSVP to any of our classes on Facebook or by sending a email to ldesena@statitle.com. Below are a few we have coming up!

Monday, September 18, 2017

Free ways to market your business

STA University is OPEN! Please check our events page on Facebook often for a list of classes. RSVP to any of our classes on Facebook or by sending a email to ldesena@statitle.com. Below are a few we have coming up!

All About Google

 STA University is OPEN! Please check our events page on Facebook often for a list of classes. RSVP to any of our classes on Facebook or by sending a email to ldesena@statitle.com. Below are a few we have coming up!


Exciting things are happening at STA Title & Escrow! To serve you better with even more space, we have moved to our new building at 1300 Princess Anne Street in downtown Fredericksburg. Our telephone, fax numbers and emails remain the same, and we look forward to serving you and your clients in our new location. Our new location is bigger; and better the building has been remodeled to meet the professional accommodations our current and future clients have grown to know from STA Title & Escrow. You will enjoy our double parking lot, two settlement rooms with 14ft ceilings, and a full classroom. Loyalty from customers like you have fueled continued growth, making the move to a new facility necessary.

It has been an amazing 31 years in business for STA Title & Escrow, and we look at this new location as the start of another chapter in our history.  

We'll be hosting a ribbon cutting soon for local clients, but until then if you're in the area, Please feel free to stop in and say hi!  

Tuesday, July 25, 2017


 

 
As opportunities for real estate transactions expand across county and state lines,
the frequency of mail-away closings is increasing. If you are involved in a closing that
requires the mailing of documents, here are some tips that can help you avoid delays: 
 
  • Inform your closing agent of the need to mail documents as soon as possible. This will allow them to better coordinate the document preparation and signing process with the lender.
  • Be aware that many lenders have specific c closing practices that may differ from local customs. Not all lenders allow documents to be signed in advance of the closing date, and some require  that the documents be signed in the presence of an attorney or title officer at a local title company office.
  • Provide your closing agent with a physical address and the best phone number for each party involved in the transaction. Most overnight delivery services will not deliver to a P.O. Box. 
  • Allow sufficient turnaround time for the documents to be signed. This may decrease the chances of funding delays due to errors in the signing process. In order to disburse funds on a transaction, your closing agent may require the original documents to be returned and in their possession. Typically, the minimum time required to send and receive documents is three business days.

Friday, July 14, 2017

IF ONLY THEY HAD KNOWN Protecting Your

Home with an Owner’s Policy

There are two types of title insurance: owner’s title
insurance, called an Owner’s Policy; and lender’s title
insurance, called a Loan Policy. Most lenders require a
Loan Policy when they issue you a loan, and the fee is
usually based on the dollar amount of your loan. It only
protects the lender’s interests in the property. It does not
protect the buyer.
A recent news article tells of a homebuyer who purchased
a home on a land contract and made monthly payments
of $1500 to the seller until they were able to secure a loan
from a national lender. At the time, the lender required the
buyer to purchase a Loan Policy. Because it is not required
by law to purchase an Owner’s Policy, the homebuyer
closed on the home with only the lender’s interest being
protected by the Loan Policy.
Several years later, the owners of the home were notified
that their house was being foreclosed on and the sale date
was fast approaching. How could this have happened? As
it turns out, there was a prior loan on the home that was
never paid off by the previous owner. Because the current
lender had required a Loan Policy, their interest in the
property was covered. Had the current owners invested
in an Owner’s Policy, they too would have been covered.
Unfortunately, without title insurance, they lost their home.
Additionally, the resulting foreclosure may adversely affect
their credit standing for years to come.
The homebuyers in the story above stated,
“We didn’t buy title insurance. We were
first-time homebuyers. Had we known about
title insurance, [we] definitely would have
gotten it.”
Many homeowners mistakenly think that because a title
search has been done on the property their interest is
protected.
One thing is certain…If more homebuyers were aware
of the protection a First American Title Owner’s Policy
provides, they would purchase one, and eliminate the
unnecessary risk of losing their home.