Closer's Corner

Closer's Corner

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What a Realtor Should Know About Divorce and Title Insurance

Tue, 05/31/2022 - 2:19pm

If you’ve ever received a title commitment back from your title company showing a requirement related to a divorce for your client you’ve likely wondered why there are additional requirements being made on your Schedule C.  In order for a title company to rely on a client’s divorce decree the decree itself must contain some very important language. If the decree is incomplete a warranty deed from the ex-spouse can be required which often results in an unhappy experience for your clients.  The article below discusses a few scenarios that can create delays in getting to closing.

Homeowners’ Associations: How Can They Affect a Transaction?

Mon, 05/02/2022 - 6:26am

What is an HOA?
A homeowner’s association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and its residents. Those who purchase property within an HOA’s jurisdiction automatically become members and are required to pay dues, known as HOA fees. Some associations can be very restrictive about what members can do with their properties.


Mon, 02/28/2022 - 11:38pm

The need for a guardianship in a real estate transaction can arise in several ways.  If someone in title is a minor child (likely through inheritance) a type of guardianship is needed.  We may also need a guardianship if there is a mental competency issue with a seller.  

A guardianship is a court proceeding to protect the interest of someone who is not legally or mentally capable of conducting his/her own affairs. This is the process where a guardian is appointed for another person to handle the ward’s personal or business affairs.

Common Closing Delays

Mon, 01/31/2022 - 12:29pm

In this month’s Closer’s Corner we review the top items that can occur that run the risk of delaying your closing.  

T-47 & Survey Matters 
When the title company receives the survey and the Residential Real Property Affidavit (“T-47”) to review up front we are looking to see what changes, if any, have happened on the property so that we know if we can use the existing survey for closing or if a new survey is required.  The part of the affidavit that we review in full is question #4 which states: 

Mechanic’s Liens

Mon, 01/03/2022 - 6:45am

When a contractor performs work on a property they gain the right to file a lien affidavit if they are unpaid.  The mere fact that they worked on the property starts their right to file that lien.  They are not required to file anything in the official public records documenting their work.  

Property Taxes

Sun, 10/31/2021 - 7:03am

What should an agent be concerned about?

Taxation of real property in Texas is controlled by provisions found in the Texas Constitution and the Texas Tax Code.  Because taxes are based on the assessed value of the property, property taxes are commonly referred to as “ad valorem” taxes.