At the end of 2021, we posted a blog titled, “Power of Attorney: How does it work, and what to do if you need one.” In that post, we shared the definition, types, and benefits of a Power of Attorney, as well as how to go about securing it before it’s needed. Today, we’ll share the story of a … [Read more...] about A Highland Title Case Study of a Smooth Settlement Utilizing a Power of Attorney
Split Closing: Benefits and Drawbacks
It used to be the norm that all parties to a transaction showed up to closing — at the same time, at the same title company, in the same room. Real estate agents, buyers, sellers, the settlement agent, and the lender would attend, and the settlement was a formal event (formal attire and … [Read more...] about Split Closing: Benefits and Drawbacks
The Definition of Marketability and Insurability (…and It’s Embarrassing!)
Here in the real estate world we often hear the terms “marketability” and “insurability” of title. And many of us do not understand the precise meaning of these words. That may just be because the meaning is not precise at all. Marketability The Virginia court defined the meaning of … [Read more...] about The Definition of Marketability and Insurability (…and It’s Embarrassing!)