All Region News – Page 18 – FNTI – First National Title Insurance Company

December 10, 2020

Published by David Dickard on December 10, 2020

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UNDERWRITING Q&A: I have a property that is being sold, encumbered or purchased by a trust. Is there an alternative in Utah for requiring a copy of the trust agreement? (UT)

A. Yes. A certification of trust statement from a trustee pursuant to UCA 75-7-1013. The statute states that in lieu of furnishing a copy of the […]

December 10, 2020

Published by David Dickard on December 10, 2020

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UNDERWRITING Q&A: I have a party who wants to put minor children into title to real property. What is the best way to do this? (NM)

A. As custodian for the minor child/children under NMSA 46-7-11, commonly referred to as the Uniform Transfers to Minors Act. When preparing the deed, an adult […]

December 10, 2020

Published by David Dickard on December 10, 2020

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UNDERWRITING Q&A: I have a Colorado property wherein the property owner is deceased. The owner did not live in Colorado and the owner’s probate is being administered in another state. Is an ancillary probate proceeding going to have to be opened in Colorado to deal with the Colorado property? (CO)

A. In most cases, no. C.R.S 15-13-204 provides a very simple process for authenticating an out-of-state personal representative’s authority to dispose of property located in Colorado. […]

December 10, 2020

Published by David Dickard on December 10, 2020

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UNDERWRITING Q&A: I have a property that is being sold, encumbered or purchased by a trust. Is there an alternative in Arizona for requiring a copy of the trust agreement? (AZ)

A. Yes. A certification of trust statement from a trustee pursuant to A.R.S. 14-11013. The statute states that in lieu of furnishing a copy of the […]

December 10, 2020

Published by Mara Alyson on December 10, 2020

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Underwriting Q&A: Does a judgement lien acquired before bankruptcy that is subsequently discharged in bankruptcy become a lien on property acquired after discharge? (FL)

No. A properly discharged judgment included in a bankruptcy does not become a lien against property that is later acquired by a debtor. Section 524(a) of […]

November 23, 2020

Published by First National Title Insurance on November 23, 2020

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Out & About: Catching Up with Title 101!

Ryan Peterson presented Title 101 with their authorized agent trophy! Way to make it official! “It was so great to catch up with Joan and her […]

November 23, 2020

Published by Chris Phillips on November 23, 2020

Message from the CEO | Giving Thanks and Honoring our Veterans

November has traditionally been the time of year our nation gives thanks. President Lincoln officially declared the fourth Thursday of November as a day of Thanksgiving […]

November 19, 2020

Published by Chance Perkins on November 19, 2020

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Underwriting Q&A: What is the effect of a disclaimer of interest in property? (TX)

A: A disclaimer may be used for a variety of reasons including federal tax purposes (avoid gift taxes) and other state law purposes (avoid creditors’ claims). […]

November 18, 2020

Published by Brian Phillips on November 18, 2020

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AGENT SPOTLIGHT: Rocky Mountain Escrow & Title Co.

Rocky Mountain Escrow & Title Inc. understands that buying or selling a home is a monumental endeavor. Their award-winning customer service and competitive pricing provide the professional […]