Latest Articles That Have Been Posted

Benefits of Title Insurance

 Check out this excellent video made by the American Land Title Association which was aired on Lifetime's Designing Spaces!  The segment does a great job explaining the closing process and the benefits of an owner's title insurance policy! 

Building Industry Marks Major Milestone

A major milestone today for the construction/building industry – the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) surged eight points to a reading of 52.   The HMI gauges builder perceptions of single family home sales. A reading over 50 indicates that builders view sales conditions as good rather than poor.  This is the first time the HMI has been above 50 since 2006, stated NAHB Chairman Rick Judson.  With the low inventory of existing homes, it appears more people are buying new homes.  This eight-point jump was the biggest since 2002.

The Closing Process: What Your Closing Agent Does For You

What is the closing process in a real estate transaction? What does a closing or settlement agent do for the buyer and seller?

Closing, or settlement, is when title to a property is transferred from the seller to the buyer and a mortgage (deed of trust) is given to the lender. Once the seller accepts a buyer's sales contract, the closing process begins. Which ever party is responsible for the costs of a title search and title insurance on the property, is the party who gets to pick the title/closing/settlement agent. Typically, in Palm Beach County and most other counties in Florida, it is customary for the seller to pay for, and choose the closing..

National Homeownership Month

Kaye Law Offices, P.A. wishes everyone a Happy National Homeownership Month!  National Homeownership Month takes places during the month of June.  The goal is to develop programs and incentives to help every American citizen realize the dream of homeownership.  Purchasing a home is the most significant investment a person can make.  As part of the title industry, we are proud of the essential role we play in helping you protect that investment.  

Judgment of Foreclosure Does Not Eliminate Junior Lien

A Florida Court ruled today that a junior lien is not extinguished after a Judgment of Foreclosure is issued.  A second mortgage holder's interest in a property is not eliminated until after a foreclosure sale and certificate of sale is issued.  In AG Group Investments, LLC v. All Realty Alliance Corp. (38 Fla. L. Weekly D86), an investor paid the entire amount due to the first mortgage holder after a final judgment of foreclosure, before a foreclosure sale was conducted.  The investor tried to foreclose and argued that the second mortgage holder had no interest in the property.  However, Florida Statute..