March 22, 2018Published by Sean Everest on March 22, 2018Categories Underwriting Q & A'sUnderwriting Q & A | Can an attorney be a devisee in a will that he/she prepared?Q: Can an attorney be a devisee in a will that he/she prepared? A: No. Section 254.003 of the Texas Estates Code recites that any gift […]
February 14, 2018Published by Sean Everest on February 14, 2018Categories Underwriting Q & A'sUnderwriting Q&A | Are Transfer on Death Deeds effective mechanisms for transferring real property?Question: Are Transfer on Death Deeds effective mechanisms for transferring real property? Answer: Texas – Yes. Through a recorded Transfer on Death Deed (“TODD”), a real property […]
July 19, 2017Published by Underwriting Department on July 19, 2017Categories Underwriting Q & A'sUnderwriting Q & A | Does an affidavit of heirship vest title in the heirs named in the affidavit, and is nothing further needed when an affidavit of heirship is recorded, correct?Q: Does an affidavit of heirship vest title in the heirs named in the affidavit, and is nothing further needed when an affidavit of heirship is […]
June 21, 2017Published by Ellen Wied on June 21, 2017Categories Underwriting Q & A'sQ & A | Overburden of Easements…Q: Assume landowner A owned an acreage tract and was carving out a back acreage portion to sell to B. Since B’s tract would otherwise be […]
March 15, 2017Published by Sean Everest on March 15, 2017Categories Underwriting Q & A'sUnderwriting Q&A | When receipting a contract and earnest money, is it acceptable to receive and/or deliver an option fee?Q: When receipting a contract and earnest money, is it acceptable to receive and/or deliver an option fee? A: Delivery by the Realtor to the title […]
January 18, 2017Published by Ellen Wied on January 18, 2017Categories Underwriting Q & A'sQ & A | When a Texas licensed broker receives earnest money, how long does the broker have to deposit the funds into a trust account or deliver the funds to an escrow agent?Q: When a Texas licensed broker receives earnest money, how long does the broker have to deposit the funds into a trust account or deliver the […]