Underwriting Q & A’s

November 16, 2016
Published by Underwriting Department on November 16, 2016
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Underwriting Q & A | May we pay the property taxes in Texas for 2016 and insure that 2017 taxes are “not yet due and payable”?

Q:   May we pay the property taxes in Texas for 2016 and insure that 2017 taxes are “not yet due and payable”? A:  Short Answer is […]
Underwriting DepartmentUnderwriting Department November 16, 2016
October 19, 2016
Published by Underwriting Department on October 19, 2016
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Underwriting Q & A | When should the term “pro forma” be used in connection with the name of a party on a real estate document?

Q: When should the term “pro forma” be used in connection with the name of a party on a real estate document? A: The term “pro […]
Underwriting DepartmentUnderwriting Department October 19, 2016
August 17, 2016
Published by Ellen Wied on August 17, 2016
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Underwriting Q & A | Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid in the collection of information for financial crimes enforcement?

Q: Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid […]
Ellen WiedEllen Wied August 17, 2016
July 20, 2016
Published by David Hays on July 20, 2016
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Underwriting Q & A | What is the correct premium charge for amending the survey exception in an OTP versus issuing the T19.1 endorsement?

Q: What is the correct premium charge for amending the survey exception in an OTP versus issuing the T19.1 endorsement? A: The premium calculation for each […]
David HaysDavid Hays July 20, 2016
May 18, 2016
Published by Ellen Wied on May 18, 2016
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Q & A | Can “successors and assigns” and/or the “ISAOA” acronym be inserted on an Insured Closing Protection Letter issued in Texas?

Q: Can “successors and assigns” and/or the “ISAOA” acronym be inserted on an Insured Closing Protection Letter issued in Texas? A: No, that is not allowed […]
Ellen WiedEllen Wied May 18, 2016
April 20, 2016
Published by Underwriting Department on April 20, 2016
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Q & A | If a person owns separate property, what, if anything, is needed for title insuring purposes from the spouse when the property is being sold or when insuring a lien securing a loan?

Q:  If a person owns separate property, what, if anything, is needed for title insuring purposes from the spouse when the property is being sold or […]
Underwriting DepartmentUnderwriting Department April 20, 2016
March 16, 2016
Published by NolaAnn Waggoner on March 16, 2016
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Q & A | Regarding FIRPTA, is a title agent required to complete the IRS forms and determine the amount to be withheld when a foreign person is selling property?

Q: Regarding FIRPTA, is a title agent required to complete the IRS forms and determine the amount to be withheld when a foreign person is selling […]
NolaAnn WaggonerNolaAnn Waggoner March 16, 2016
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