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October 14, 2020

WHEN IS CONTRACT RATIFIED?

The GCAAR Sales Contract was modified last year to remove the “Date of Ratification” line at the end of the body of the Contract from a substantive part of the Contract.  It now states that the Date of Ratification is “For informational purposes only”.  When is a Contract considered fully “Ratified” and how do you document that …

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A REVIEW OF TITLE INSURANCE: BASIC VS. ENHANCED COVERAGE

Real Estate Agents, as well as consumers, are generally familiar with title insurance which requires a one-time premium payment to guarantee clear title to property for the duration of the purchaser’s ownership.  Traditional lenders will always require that a policy of title insurance be purchased to insure that there is no loss or claim that …

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