q & a

March 22, 2018

Underwriting 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, 2018

Underwriting 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 […]
December 20, 2017

Underwriting Q & A | Are the Texas home equity loan laws changing effective January 1, 2018?

Q: Are the Texas home equity loan laws changing effective January 1, 2018? A: Yes, in connection with the November election, the voters of the State […]
June 21, 2017

Q & 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, 2017

Underwriting 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 […]
September 21, 2016

Underwriting Q & A | Have there been any updates to TRID?

Q:  Have there been any updates to TRID? A: No. However, the CFPB (Consumer Financial Protection Bureau) has proposed various amendments to disclosure requirements under TRID. […]
August 17, 2016

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 […]