Underwriting Q & A’s

July 20, 2016

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 […]
June 15, 2016

Underwriting Q&A | What is an Apostille?

Q: What is an Apostille? A: An Apostille is a certificate issued by a designated authority in a country which is a member of the Hague […]
May 18, 2016

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 […]
April 20, 2016

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 […]
March 16, 2016

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 […]
February 17, 2016

Q & A | Can we insure a sale transaction where seller acquired title by a tax foreclosure deed?

Q: Can we insure a sale transaction where seller acquired title by a tax foreclosure deed? A: Yes, FNTI will insure a subsequent sale by a […]
January 20, 2016

Q & A | When we receive a contract for the sale of a 1-4 family residence and there is no HOA addendum attached, who pays for the resale certificate?

Q: When we receive a contract for the sale of a 1-4 family residence and there is no HOA addendum attached, who pays for the resale […]
December 16, 2015

Q & A | ATTENTION ALL NOTARIES!! NEW LAWS!! Did you know that there is a new law that affects your ability to acknowledge documents?

Q: ATTENTION ALL NOTARIES! NEW LAWS! Did you know that there is a new law that affects your ability to acknowledge documents? A: You do now. […]
November 18, 2015

Q & A | May we pay the property taxes for 2015 and insure that 2016 taxes are “not yet due and payable”?

Q: May we pay the property taxes for 2015 and insure that 2016 taxes are “not yet due and payable”? A: Short Answer is “no”.   Please […]