Easements and Rights-of-Way Property ownership is not always as clear-cut as the fences that may define it. Two terms that are often confused with each other include "easement" and "right-of-way." While they both involve the use of land, they are actually different legal concepts that carry different meanings for property owners. Understanding the differences is […]
Understanding Property Titles: Why Abstract of Title, Chain of Title, & Title Insurance Matter When any real estate deal is made, the question of property titles arises. The three significant words one hears commonly include an abstract of title, chain of title, and title insurance, which may save your investment or avoid closing if known […]
Understanding the Costs & Process of a Phase I Environmental Assessment When one seeks either to purchase or refinance a commercial real estate, one of the important steps in due diligence involves understanding the environmental history of the property. The Phase I Environmental Site Assessment has been considered an important tool for determining potential environmental risks associated with a property. It's more than a formality; it's an integral part of the process for the protection of buyers, sellers, and lenders from financial and […]
How Insurance Claims and Title Searches Work for the Insurance Agent Insurance agents play a crucial role in ensuring that clients receive the rightful compensation for their claims. Among other things involved in the processing, and especially with home insurance, confirmation of property ownership is required through a current title search. By understanding how important […]