Happy 330 Day, Akron!
In 2015, the City of Akron designated March 30th as 330 Day - A day to celebrate our beloved community and the people who live here. In honor of 330 Day, we’re sharing our top 10 favorite things to do in our favorite city.
What is Marketable Title?
Marketable Title is one which conveys such ownership rights so as to insure that the buyer will have the peaceable enjoyment and control of the land, as against all others.
Risks Covered by Title Insurance
Title Insurance is the application of principles of insurance risk and risk management incident to real estate titles, but unlike other types of insurance, it protects against losses arising in the future out of what has happened in the past.
Easements & Right of Ways
An easement is a legal right to use another person’s land for a specific purpose. This right is typically granted by the owner of the land, and it allows the holder of the easement to use the land for the specified purpose even though they are not the owner. The most common type is a “right of way” easement which is the right of a person to a limited use of enjoyment of the land owned by another person, such right not being extinguishable at the pleasure of the land owner.
What is an Owner’s Title Policy?
Home ownership continues to be one of the most important parts of the American dream, but having the deed to a piece of land does not necessarily mean the property is yours free and clear. You want to be sure you will remain the true owner, and that there will be no claims or liens against your new home. Owner’s title insurance will protect your interest in your new property.
1031 Exchanges: What They Are And How You Can Benefit From Them?
A 1031 exchange is a real estate investment tool that allows investors to defer capital gains taxes on the sale of investment property by reinvesting the proceeds from the sale into another “like-kind” property.
What is a Property Title Search?
A title search is a detailed examination of the historical records concerning a property. These records include deeds, mortgages, court records, property and name indexes, taxes and many other documents. The purpose of the search is to verify the property owner's right to sell or finance the property and to discover any claims or defects to the property.
What is Title Insurance?
As a homebuyer, you may not be familiar with the term “title insurance,” but it’s important to understand what it is and why you need it.