We secure various types of insurance for many reasons, but most insurance policies protect us from incidents that may occur in the future. Title insurance is different. Be it owner’s title insurance or lender’s title insurance, these policies protect you from things that have already … [Read more...] about Why Do I Need Title Insurance?
Four Tips to Prevent Wire Fraud in Real Estate Transactions
The process of buying a home is an exciting and eventful journey. Highland Title + Escrow recognizes the road should be smooth with sights to see along the way. Unfortunately, real estate wire fraud runs rampant in our industry. Scammers are on high alert and looking to knock real estate … [Read more...] about Four Tips to Prevent Wire Fraud in Real Estate Transactions
Sweeping changes to Virginia’s Landlord Tenant Law
The Virginia General Assembly adopted sweeping changes to Virginia's landlord tenant law. Among the many modifications involves the very law that governs landlord tenant law, which can be found in Title 55.1, Subtitle III (Rental Conveyances) in the Code of Virginia. It used to be the case that … [Read more...] about Sweeping changes to Virginia’s Landlord Tenant Law
New legislation might extend relief to new homebuyers
House prices are soaring, creating homeownership barriers for low- and middle-income Americans. new legislation dubbed the "First Time Homebuyer Act" was recently introduced to combat the affordability crisis. The bill aims to incentivize first time homebuyers, particularly those in marginalized … [Read more...] about New legislation might extend relief to new homebuyers
Why the housing market won’t crash anytime soon
It doesn't take a real estate expert to understand that the housing market has enjoyed an unprecedented period of growth. Low inventory and high demand for homes have resulted in record-high asking prices and record-breaking offers. For many, the state of the housing market is eerily reminiscent of … [Read more...] about Why the housing market won’t crash anytime soon
CFPB Proposes Foreclosure Ban through ’22
Today, the Consumer Financial Protection Bureau announced a proposed rulemaking that would prohibit servicers from commencing foreclosure actions until after December 31, 2021. Under the current rules, a borrower must be 120 days delinquent before a loan servicer can start the foreclosure … [Read more...] about CFPB Proposes Foreclosure Ban through ’22