title insurance agency - Heritage Land Transfer

April 1, 2023April 16, 2023

Pro Tips for Closing on a Home – Buyers

House-hunting and house-selling can often feel like hiking up a hill, with many possible twists and turns before reaching the top. The last leg of the journey is the final important step: closing on your home.

Closing is a detailed, weeks-long process that requires buyers and sellers to complete numerous tasks before they can finalize everything.

Here are some tips to help a smooth, stress-free closing.

PRO TIPS FOR BUYERS

Review and execute on all contingency requirements. Purchase agreements contain requirements that buyers must meet to make the contract binding. These include:
1. Home inspection
2. Appraisals
3. Financing
4. Sale of the buyer’s home contingency – gives the buyer the right to terminate the contract if their home does not sell by a certain date.
Have funds ready before closing the close.
If you are wiring, take all steps to prevent fraud.
Be available for any last minute requests from your realtor. Expect and be flexible for any last-minute changes.
Bring all closing-related documents to closing – make sure you get the list from your realtor at least a month in advance of the close, where possible. If it is less than a month, get focused!
Be ready for final fees.
Review documents carefully.
Do a final walk-through of the property. Test everything and make sur all agreed upon changes or updates have been completed and at the quality you need.
Celebrate! You made a great investment!

Heritage Land Transfer is proud to offer a national platform of title insurance and comprehensive settlement services at the most competitive rates. Please get to know us and contact us if you are a realtor, broker, buyer, seller, lender, attorney, investor, or a developer looking for a partnership and resource with a trusted title company. https://landtransfer.com/about/about-us/

March 16, 2023April 16, 2023

Things are heating up this Spring!

Things are heating up this Spring! Now is the time to choose Heritage.

Transactions need to close on time. With more than 30 years in the business, Heritage is Top 100 Title Insurance firms in the USA for a reason:

- Guaranteed best prices in the market.
- Full-service firm.
- An alternative to internal departments so you help your client close on time.
- Service all property types.
- We provide immediate response: call, text, email.
- We travel anywhere and anytime.

February 28, 2022March 4, 2022

Are You Able to Buy a Title Insurance Policy After Closing?

Purchasing lender’s title insurance is generally a part of the home buying process. But what about the owner’s title insurance? If you did not purchase an owner’s title insurance policy during the home buying process, can you buy one after closing? The short answer to this question is “yes,” but there are a few more details worth mentioning.

The Ideal Time to Buy Title Insurance

If you close on your home and then realize you want title insurance, a title service will typically allow you to buy a policy. However, buying title insurance after closing is not the best choice. You’re far better off buying such a policy during the home buying process, when possible.

There are a number of issues that can be revealed with a home’s title shortly after closing. You may discover that there was an error in public records, and someone else has a claim to the property. Or, you may discover that there is an outstanding lien on the property. If these issues are revealed in the first few weeks that you own the home and you don’t have title insurance, you’ll be held financially responsible. On the other hand, if you buy title insurance before closing, you’ll be protected — whether an issue comes to light the day after the sale or 20 years down the road.

The Right Type of Title Insurance

Don’t assume that the lender’s title insurance that you’re paying for will also cover you, as the owner of the home. That policy exists to protect the bank that holds your mortgage. Lender’s title insurance is required when you buy with a mortgage, so it will automatically be included as a part of your home purchase. The buyer typically pays for the lender’s title insurance as a part of their closing costs.

For your own protection, you need an owner’s title insurance policy. Typically, you can purchase such a policy from the same title company that issues your lender’s title insurance. Sometimes, you may be able to negotiate with the seller and arrange for them to pay for your title insurance policy. This can be seen as an act of good faith; it’s a reassuring sign that, to the seller’s knowledge, the home’s title is clear and free from defects.

If you recently purchased a home and did not buy an owner’s title insurance policy, then buying one now is better than having nothing. On the other hand, if you have not yet purchased a home, then you should aim to buy title insurance prior to closing.

Feel free to contact Heritage Land Transfer if you’re looking for an escrow agency and title company Pennsylvania residents trust. We’ve been in the business for more than 30 years, and we take a personalized approach with every client. Our guaranteed lowest rates, efficient processes, and lightning-fast, convenient closings make us the favorite of buyers, sellers, realtors, and lenders alike!

December 15, 2021December 28, 2021

Heritage Cares: We are Dedicated to Giving Back to Our Community

Herman Melville once wrote, “We cannot live only for ourselves. A thousand fibers connect us with our fellow men.” At Heritage Land Transfer, we are motivated by this quote. We think it speaks powerfully to the importance of community. Within a community, we are all connected; our actions impact one another.

Because we care about our community and about the success of each of its members, we do our very best to give back. It’s simply a part of our culture here at Heritage Land Transfer. We see ourselves not as an island, but as an interwoven part of the communities we live in and serve, and we hope our actions as a PA settlement service reflect that.

Scholarship Program

One of the ways our title insurance agency gives back to the community is through our scholarship program. By awarding scholarship funds to students, we are investing in their future, and thereby the future of our community. Our scholarships have helped make college and higher education possible for numerous young folks.

A little help at the start of one’s education can make all the difference in that individual’s future. Scholarship funds can help students reach higher, achieve more, and ultimately enjoy greater economic success in adulthood.

Contributing to the education of others benefits the community as a whole, too. Better education means we all have access to more knowledgeable, experienced professionals. Education equips today’s youth to be the problem-solvers of the future, and we’re happy to encourage that growth through our scholarships. As a trusted Philadelphia real estate title company, we’re proud to do our part.

Volunteer Work

At Heritage Land Transfer, we truly have some of the kindest, most dedicated employees. Not only do they do an excellent job at offering title and escrow services, but they are dedicated volunteers, too.

Each of our employees has the option of spending up to 20 paid hours per year volunteering in the community. We’ve had employees work on community gardening projects, and others who have worked with the underserved.

Through volunteer work, our employees not only help solve problems within the community; they also remain more aware and involved of what’s going on in the community around them. In working with others, they learn more about those peoples’ needs, which enables them to better serve those individuals in their profession and in their personal life.

At Heritage Land Transfer, we are all about the people. Our client-first mentality extends beyond the workplace and into our scholarship and volunteer programs. IN this season of giving, we encourage each and every one of you to also consider what more you can do to give back. Communities are for all of us, and the more we contribute, the better we are for it.

Category: title insurance agency