Welcome To Our Website
So you’re about to buy or refinance your home, investment property, or commercial building. You know that you don’t want to just turn over tens of thousands, hundreds of thousands, or even millions of dollars without getting exactly what you were promised when you signed the real estate contract.
And buying a piece of real estate can be downright confusing! No matter how many times you’ve done it before, you know that, this time, it has to be done right.
That’s where Clear Title Group shines. We are a small, highly organized real estate transaction business. Once you’ve got your contract signed, or once your bank has committed to lend you money, call us, and we’ll take you from a promising start to a clean, “picture-perfect” closing.
Please take a few minutes to look around our website for more information, and then call us or send a message through this website. We look forward to serving you, promptly and enthusiastically!
Lawrence S. London, Attorney at Law.
What Do You Want To Know?
Wikipedia describes title insurance as “indemnity insurance against financial loss from defects in real property.” So what does that mean? It means that buyers and those who lend money to buyers to purchase a home want assurance that title is clear and marketable. [pullquote]Title insurance guarantees that you are able to sell your property when the time comes. You pay just one time for title … [Read More...]
A title company makes it possible for the owner of the home to pass the ownership (title) of their home to a new owner. A home is easily the largest single purchase an American will make in his or her lifetime. The cost is usually many times the buyer’s annual income! When it is time to sell, the owner expects to get fair market value, in cash, for his or her home. But first, the owner must … [Read More...]
For most people, title insurance is not an option. When you go to a bank to get money to refinance or buy a home, lenders require title insurance. Their money is on the line. Lenders want to know that the collateral being used (your property) is free and clear of liens, if they have to foreclose on the loan. But even if you were purchasing a house with cash, you would especially want to be sure … [Read More...]
In Maryland, where the buyer traditionally pays title insurance and title search costs, the buyer has the legal right to select the title company. Often, the buyer looks to their real estate agent for recommendation on who to use. In some instances, real estate agents have “Affiliated Business Arrangements” (ABAs) with certain title companies. This arrangement is a legal way for realtors and … [Read More...]
Simply put, title insurance rates are set by the State of Maryland Insurance Commission. Rates are standard, and so they do not change, regardless of the title company or title insurance underwriter that you use. There is no cost savings to be gained by shopping around for rates. So how do you know what to expect on your settlement sheet? Rates are calculated on the basis of the purchase … [Read More...]