underwriting counsel

June 24, 2020

LATEST NEWS: First National Title Insurance Company Adds Staff to Western Regional Division

PLANO, TEXAS – Dallas based First National Title Insurance Company (FNTI) added three industry experts to its growing footprint in the western United States. Brian Phillips […]
July 25, 2019

Underwriting Q&A: If the subject property is the seller’s homestead, can I remove the abstract of judgment against the seller (debtor) from the Commitment?

Q: If the subject property is the seller’s homestead, can I remove the abstract of judgment against the seller (debtor) from the Commitment? A: Texas– No. […]
April 17, 2019

LATEST NEWS: First National Title Insurance Company Adds Chance Perkins as Underwriting Counsel

PLANO, TEXAS – First National Title Insurance Company (FNTI) is adding to its underwriting team with the addition of William “Chance” Perkins. The tremendous growth of […]
April 12, 2019

Underwriting Q&A : What are the IRS instructions for Form 1099-S reporting with respect to a married couple?

Q:        What are the IRS instructions for Form 1099-S reporting with respect to a married couple? A:        The IRS makes an exception to its Multiple Transferor […]
January 21, 2019

Underwriting Q&A: What is the correct exception in Schedule B when finding a memorandum [of lease, of agreement, etc.] recorded in the Public or Official Records which affects the property? When can this exception be removed?

A:  The exception would properly read as follows:  “Terms, conditions and stipulations of the [lease or agreement] as evidenced by Memorandum of [Lease/Agreement/etc.] recorded as [document/instrument] […]
August 16, 2018

Underwriting Q&A: What date should be inserted into the blank on paragraph 4 of the T-47 Residential Real Property Affidavit?

Q: In Texas, where we are encountering multi-generational re-use of existing surveys, the T-47 Residential Real Property Affidavit allows a seller to verify that a prior […]
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 […]
January 17, 2018

Underwriting Q & A | Is the statutory process of “bonding around” a filed mechanic’s lien affidavit (MLA) always a potential remedy to closing the transaction without making payment to the contractor claiming the lien or excepting to the claim of lien in the policy?

Q: (Texas Only) Is the statutory process of “bonding around” a filed mechanic’s lien affidavit (MLA) always a potential remedy to closing the transaction without making […]
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 […]