August, 2017 This month?s report includes the quarterly market recap that I was unable to include last month. The purchase market is a bit down from 2016, but not significantly. (chart page 7) Existing housing inventory is still tight, and that?s probably what?s holding the market back. Given the low inventory levels, it?s somewhat remarkable …
July 2017 John Bethell Title and Hoosier Hills Food Bank have teamed up for a Food Drive in the month of July. Please stop by and help us fill our food drive bins with non-perishable food such as: soups with beans/meat, boxed pasta, mac & cheese, protein or other granola bars.? Monetary donations are …
We?re at the height of the homebuying season. Buyers, sellers and bad guys are out in abundance. Attempted wire fraud against realtors, lenders and title companies continues to increase. The bad guys now know there?s lots of money moving around before a closing. This is a real problem and people are losing real money. John …
May 8, 2017 On May 10th, we are making a change to how our closing and client services groups are organized. I?m excited about it. I believe the changes will allow our team to provide an even better closing experience to you and your clients while at the same time offering our team members a …
No doubt that the inventory of homes for sale is extremely tight. Most Realtors? that I talk with are scrambling trying to get offers in on properties as soon as they hit the market. It?s probable that some sellers are holding back knowing that their house will likely sell immediately and they?ll have to relocate …
March 10, 2017 *Please Note this is a?Revised version with updated and correct?data on report I am pleased to announce that we?ve become a policy issuing agency for the Chicago Title Insurance Company. Chicago Title is a nationally recognized brand in the title insurance industry. Together with First American Title Insurance Company, we now represent …
March 6, 2017 I am pleased to announce that we?ve become a policy issuing agency for the Chicago Title Insurance Company. Chicago Title is a nationally recognized brand in the title insurance industry. Together with First American Title Insurance Company, we now represent the top two underwriting companies. The flexibility of title underwriters, like other …
2016 Year End Report Highlights The Monroe County purchase market continued its post-recession improvement in 2016 showing a year over year gain of 13.5%. (deeds on page 13) Transactions reflecting both owner occupied and non-owner occupied sales also reached post-recession highs. (pages 15 and 17) I?m confident that we?re now experiencing a normal market. In …
December 21, 2016 As we approach the New Year I thought it would be worthwhile to revisit the pitfalls surrounding real estate tax pro-rations. The commonly used Purchase Agreement provides that taxes will be prorated on the last certified tax amount. As a closing agent, we are bound to complete the transaction on those terms. …
Options for holding title: As a result of recent questions that we?ve received, we thought it would be beneficial to summarize for you options for holding title to real estate. The three options are Tenants by the Entireties Joint Tenancy with Right of Survivorship Tenants in Common Tenant by the Entireties is available only to …
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