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 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 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 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 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


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
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.

Wednesday, July 5, 2017

Borrowers Don’t Shop Around, Still Look to Big Banks

Most mortgage borrowers don’t shop around for a lender, according to    a survey conducted by FREEandCLEAR.

By: Aly J. Yale, MReport, June 20, 2017
Read more: shop-around-still-look-big-banks

Why Can’t They Build More Homes Where the Jobs Are?

In a logical world, builders would rush to put up homes in the U.S. regions adding jobs at the fastest pace. In reality, it’s not so simple.

By: Patrick Clark, Bloomberg, June 23, 2017
Read more: they-build-more-homes-where-the-jobs-are

Share This Consumer Alert: Beware of Wire Fraud Schemes When Buying a Home

The American Land Title Association wants to make sure your home 

purchase doesn’t get derailed by a dangerous threat that could keep you from getting the keys, painting walls and decorating.

By: American Land Title Association, June 22, 2017
Read more: Consumer-Alert-Beware-of-Wire-Fraud-Schemes-When-Buying-a-Home

Pending Home Sales Tumble As Supply Crisis Worsens

Fewer buyers signed contracts to buy existing homes in May, likely because they can’t find or afford what they want.

By: Diana Olick, CNBC Realty Check, June 28, 2017
Read more: supply-crisis-hits-sales.html

Why Ransomware Attacks Keep Happening

A new global ransomware attack has targeted businesses around the world, demonstrating how easy it is for hackers to extort money by taking advantage of outdated technology.

By: Selena Larson, CNN Tech, June 27, 2017


How Long Does It Take to Get a Mortgage? Longer Than You Might Think

In the age of same-day delivery and smartphones, we’re used to rapid wish



By: Julie Ryan Evans, REALTOR®.COM, June 12, 2017
Read more: a-mortgage/?iid=rdc_news_hp_carousel_theLatest

     1031 Exchanges Under Threat?

A major tax advantage for the commercial real estate industry may be one of the casualties in a sweeping federal tax reform expected this year, The Wall Street  Journal reports.
By: Daily Real Estate News, REALTOR®Mag, June 15, 2017

Four Tech Trends Shaping the CRE Industry

Innovative tech startups are reshaping the commercial real estate industry with new tools that can cut costs, boost productivity and improve decision making.

By: Carrie Rossenfeld,, June 15, 2017
Read more: trends-shaping-the-cre-industry/?slreturn=20170528160352

             How Whole Foods’ Real Estate Assets Could Help Amazon Deliver The Goods

You’ve probably heard about how Amazon’s $13.7 billion acquisition of

Whole Foods bumped up the share prices of both companies in the days following  the announcement.

By: Ely Razin, Forbes, June 28, 2017
Read more: estate-assets-could-help-amazon-deliver-the-goods/#6a6bf30e4e64

America is Over-Malled, But Not Enough Warehouses to Support Amazon

While traditional retailers are closing stores as shopper foot traffic slows,

construction of new industrial properties is accelerating.

           By: Lauren Thomas, CNBC, June 23, 2017
             Read more:

‘Trust Me, You’ll Love It’: Caveat Emptor in Real Estate Transactions

The doctrine particularly applies to commercial real estate, where courts often presume that sophisticated purchasers will conduct their own due diligence.

By: Faegre Baker Daniels, JDSupra®, June 23, 2017

Three Transformative CEOs Who Behind The Scenes Have Changed Our World

In this article, Andy Florance, founder and CEO of CoStar, Tien Tzuo,  founder

and CEO of Zuora and Jay Walker, founder of and numerous other companies, share in their own words what they did and their advice to CEOs who seek to be transformative.

By: Robert Reiss, contributor Forbes, June 12,  2017
Read more: ceos-who-behind-the-scenes-have-changed-our-world/#719b3f746ef7

Wednesday, June 21, 2017


Selling a home can be a rewarding experience, but there may be delays in the closing due to situations that could have been avoided. Although closing procedures vary from state to state, having an understanding of what may be required at closing and preparing accordingly will help your settlement process go as smoothly as possible.

MORTGAGES ON THE PROPERTY: Please provide detailed information, including loan number and
payment address, for all mortgages on the property. Home Equity lines, even if they have a zero balance, will also require detailed mortgage information in order to satisfy the original loan requirements. 
BUYER PROTECTION PLAN: If a home warranty product is being provided and shown on contract,
advise the closing agent of the purchase amount to be collected.
MAINTENANCE CONTRACTS: If there are service contracts on equipment or appliances that the purchaser wants to assume, provide the closing agent with a copy of the service contract.  
JUDGMENT SEARCH: Any judgments, tax liens, etc., filed against you which attach to the property, must be paid at closing. 
INTERNAL REVENUE SERVICE (IRS): The closing agent is required to report the sale of the property to
the IRS. Please provide your social security number(s) and forwarding address at closing. 
citizen, the closing agent may be required to deduct and withhold a tax equal to 10% of amount realized (generally the amount paid for the property). Please review the FIRPTA requirements prior to closing. 
POWER OF ATTORNEY: The use of a Power of Attorney must be approved in advance of settlement by the closing agent. If you are planning to use a Power of Attorney, inform the closing agent as soon as possible to allow time to properly review the document.
MARITAL STATUS: Spouses may be required to sign closing documents even though they do not appear to hold title and their name does not appear on the deed. Spouses must always sign the deed when homestead property is being conveyed, even if they are not in title.
MAIL-AWAY: If you are unable to attend the closing, provide the address where the closing documents should be mailed and a contact phone number. Your signature on certain affidavits, real estate deeds and other documents may require the services of a notary.

Thursday, May 11, 2017

“It’s About Your Image” Event, May 24, 2017, 2:00 PM to 7:00 PM at Catalyst Media Center

Last year, Scott Livingston, a Senior Loan Officer with Movement Mortgage, noticed that
many small business owners wanted to have an updated professional headshot but
often put it off because of time constraints or the commonly charged fee of $150 or
more. “I teamed up with a local professional photographer to offer an inexpensive
oneday opportunity for small business owners to have a winning professional photo
taken.” The event was such a success that Mr. Livingston decided to do it again, and
this year’s event has been expanded to provide more opportunities for small businesses
to connect and grow. He has partnered with Lynn DeSena of STA Title & Escrow, Pam
Kuper, Realtor at Century 21 New Millennium, Cheryl Yancey, owner of Beauty & Logic
Designs, and Bryce Kinsey, owner of Catalyst Media Center. On May 24th,
photographer Tiffany Baird, of Images by Tiffany, will set up a one day
studio at Catalyst Media Center, located at 3451 Jefferson Davis Hwy, Fredericksburg, VA 22408,
where business owners can take advantage of a 15 minute time slot between 2:00 PM and
7:00 PM to get photographed. Additionally, Catalyst Media Center will be conducting
Onsite video interviews to be released to participating guests. Five local charitable
Nonprofit organizations will also be present at Catalyst to talk about volunteer openings
and upcoming fundraising events. To add to the fun, there will be special musical
performances and gift basket drawings. Fredericksburg favorites, Will’s Place, and Pifer
Brother’s food trucks will be onsite as well. Admission is free but attendees are asked
to bring in canned goods for the Fredericksburg Regional Area Food Bank or business
clothing items to help the Fredericksburg Area Association of Realtors (FAAR) with their
annual “Clothing for a Cause” drive. To reserve your spot, email Lynn DeSena at or find the Facebook event page, “It’s About Your Image.”


Wednesday, May 3, 2017

How Errors in Public Records Can Affect Your Home's Title 

Although the property you just purchased is new to you, it has a history, and sometimes, these histories can include unwanted baggage. During a real estate transaction's closing process, a title search on the property is completed to determine whether there are title defects that can have an effect on the purchase.
One common title issue buyers face when completing a title search is an error in public records. Humans aren't error-free, and a clerical or fi ling error regarding your property can have an effect on the deed and result in costs you may not have expected.
A title search is performed in order to determine if your home's title is clear, as well as to fi nd any mistakes that could have been made in public records.
An example of an error that could be fi led in public records is a description of the property that may appear to be accurate but isn't, like the square footage of the home. Since banks and lenders will only offer about 80-to-90 percent of a home's appraised value, if the home's actual square footage is different than what is listed on the documents, buyers may run into an issue with receiving the needed loan amount. As a result, buyers may be unable to obtain the loan and therefore unable to purchase the property.
 Improperly fi led legal documents, pending legal action or unreleased mortgages mishandled by public records can result in additional headaches for the buyers unless these issues are resolved.

Friday, March 31, 2017

Take a look at our Home Seller Guide. Please feel free to share with you clients. If you or your client have any questions give us a call and let one of our licensed title agents help you. (540) 368-5501. We also have a seller quote generator on our website If you need a log in email.

Monday, March 20, 2017

Common Types of Deeds


 is the strongest deed and warrants to the Grantee:
A.      That the Grantor has not previously conveyed the estate or any interest therein to
anyone except the Grantee; and
B.      The estate is free from encumbrances.
The General Warranty Deed is the deed most used in insuring titles to real property and gives the most protection to the Grantee.


limits the warranty to: “by, through or under the Grantor but not otherwise.”

These deeds are often used when the conveyance is from an executor, administrator, trustee, guardian, etc. There must be a valid reason for the Grantor to be limiting the warranty. We want to be certain that the Grantor does not have knowledge of some defect in the chain of title that is not being acknowledged.


 does not contain “grant and convey” language.
Quit claim deeds are not acceptable in the direct chain of title and are normally used only for curative matters. An example would be where a Divorce Decree properly divests one spouse’s interest in the property to the other–a Quit Claim Deed may then be used to satisfy disposal of the spouse’s interest in the real property records.
You can rely on our knowledgeable professionals to work diligently to ensure the orderly and efficient transfer of real estate.
We understand the importance of your transaction and are available to answer your questions.

STA Title & Escrow

Monday, January 30, 2017


How you hold title is affected by your marital status. Be sure to make both your lender and the title
company aware of any changes in your marital status so that documents can be prepared correctly.

A job change may result in your loan being denied, particularly if you are taking a lower-paying position or moving into a different fi eld. Don’t think you’re safe because you’ve received approval earlier in the process, as the lender may call your employer to re-verify your employment just prior to funding the loan.

After the lender has verifi ed your funds at one or more institutions, the money should remain there until needed for the purchase.

If your Loan Officer advises you to pay off certain bills in order to qualify for the loan, follow that advice. Otherwise, leave your accounts as they are until your escrow closes.

A major purchase that requires a withdrawal from your verifi ed funds or increases your debt can result in your not qualifying for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your loan approval.