Title Security's Blog

Comprehensive Title Insurance & Escrow Services


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Welcome Crista

Title Security is excited to announce the arrival of Crista Tumminia as our new Manager and Senior Closer. Crista brings a wealth of knowledge and professional style that will help us continue our 35 year tradition of delivering high quality title insurance services in the Tampa Bay area.

Please visit our website for more information regarding Ms. Tumminia and we certainly invite you to call or come by. Our goal continues to be your title company for professionals and to make your real estate transactions a smooth and efficient experience.

Sincerely,

The Title Security Management Team

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Introducing TitleCapture… Your New “Go To” App.

TitleCapture AppWe are excited to introduce our TitleCapture App which should soon become one of your favorite and most trusted resources… making your job easier and more productive when assisting your clients.

This one-stop app will provide all the tools you need to give immediate quotes, seller net sheets, and buyer estimates. All of which are TRID compliant, per CFPB’s requirements.

TitleCapture works on desktop, tablet and mobile devices.

Here’s how to get started. Simply click this link and you’re on your way. Follow the directions and you will have access in seconds. You can even customize your app for emailing purposes.

Please let me know if you have any questions. Title Security is here to help you in any way we can.

Enjoy!
Katie


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Closing In On Your Closing? Here Are 6 Steps Every Homebuyer Should Expect

Closing On Your Home

ALTA:  Your long home-buying journey is almost over. You found the home you love, the seller agreed to your offer and now it’s time for closing. Of course, there’s a lot to think about right now, and the last thing you want is something­ to go wrong. So make sure you work with an experienced closing agent to help ensure the details come together and everything runs smoothly.

As soon as the seller accepts your offer, the behind-the-scenes work begins. You can expect closing to happen within 30 to 90 days.

1. Select a Closing Agent

If you are working with a real estate agent, with your permission, he or she may place an order with a closing agent as soon as your sales contract is accepted. The closing agent can be a title company, an escrow company or a settlement company.

Most homebuyers rely on their real estate agent to select a closing agent—someone they work with regularly and know to be professional, reliable and efficient. However, you can choose your own closing agent if you wish. The closing agent will oversee the closing process and make sure everything happens in the right order and on time, without unnecessary delays or glitches.

2. Draw up an Escrow Agreement

First, a contract or escrow agreement is drafted, which the closing agent reviews for completeness and accuracy. The agent will also put your deposit into an escrow account, where the funds will remain until closing.

3. Title Search is Conducted

Once the title order is placed, the title company conducts a search of the public records. This should identify any issues with the title such as liens against the property, utility easements, and so on. If a problem is discovered, most often the title professional will take care of it without you even knowing about it. After the title search is complete, the title company can provide a title insurance policy.

4. Shop for Title Insurance

There are two kinds of title insurance coverage: a Lender’s policy, which covers the lender for the amount of the mortgage loan; and an Owner’s policy, which covers the homebuyer for the amount of the purchase price. If you are obtaining a loan, the bank or lender will typically require that you purchase a Lender’s policy. However, it only protects the lender.

It is always recommended that you obtain an Owner’s policy to protect your investment. The party that pays for the Owner’s policy varies from state to state, so ask your settlement agent for guidance before closing.

5. Obtain a Closing Disclosure

Your lender must provide a Closing Disclosure to you at least three days prior to closing. Your lender may also have a closing agent provide the Closing Disclosure to you three days before you close your transaction.

If you or your lender makes certain significant changes between the time the Closing Disclosure form is given to you and the closing, you must be provided a new form and an additional three-business-day waiting period after receipt of the new form. This applies if the creditor:

  • Makes changes to the APR above ⅛ of a percent for most loans (and ¼ of a percent for loans with irregular payments or periods)
  • Changes the loan product
  • Adds a prepayment penalty to the loan

If the changes are less significant, they can be disclosed on a revised Closing Disclosure form provided to you at or before closing, without delaying the closing.

6. The Finish Line: Prepare for Closing

As closing day approaches, the closing agent orders any updated information that may be required. Once the closing agent confirms with the lender and the seller, he or she will set a final date, time and location of the closing.

On closing day, all of the behind-the-scenes work is complete. While you’ve been busy packing, ordering utilities and coordinating the movers, your closing agent has been managing the closing process so that you can rest assured, knowing all the paperwork is in order.

via ALTA


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Title Security Will Provide Title and Escrow Services for JMC Communities’ New Belleair Condominium Project

Belleview Place

St. Petersburg, Fla. – (January 10, 2017) – Title Security has been selected by JMC Communities to provide Title Insurance and Escrow Services for the newly announced 132 residence, Belleview Place in Belleair. Title Security has had a long and successful relationship with JMC, having closed approximately 2,550 condominium homes for them throughout the Tampa Bay area. Most recently, Title Security handled all closings for JMC’s Ovation, Rowland Place and Victoria Place along with Clearwater Beach’s Sandpearl Residences and Suites.

Since 1983, Title Security has been providing comprehensive title and escrow services throughout the Tampa Bay area. “The Title Security team has consistently provided our homebuyers with a friendly and accurate closing experience, and we look forward to working with them on our exciting new Belleair community,” stated Mike Cheezem, Owner/CEO, JMC Communities. Belleview Place is currently selling its 1st Phase.

Title Security Chairman, Harvey Ford said, “The JMC organization has always stood for integrity and quality… we are very grateful to be associated once again with one of their fine communities.” Ford continues, “Belleview Place will meet Belleair’s growing desire for a well conceived, value conscious residences.”

About Title Security

Title Security is a full service title insurance company, enthusiastically handling each aspect of the closing process. From securing a clear title, to fulfilling lenders’ many closing requirements, to facilitating the document preparation and settlement statement, Title Security creates smooth, hassle-free closings for all parties involved. For additional information, visit www.TitleSecurityFL.com.


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Recent Housing News

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TS August 4 2015 Coffee CornerPlease Join us August 4th for the latest CFPB information regarding the new October settlement rules.
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FHA LoansIs this what will push millennials into the housing market?
Reduction of private mortgage insurance for FHA loans may be creating more first-time home buyers.

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Millennial Housing PreferencesMillennials prefer walking to driving …so housing in mixed-use neighborhoods with transit access appear to have an edge.

 

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Urban FarmsGreat Concept…
Bringing the grow-it-yourself movement to the city.  The emphasis is on food activities, with a community garden atop one roof, a 20-foot-long harvest table for produce to be set out, and a demonstration and tasting kitchen where area chefs can show off their skills for tenants.

 

http://www.TitleSecurity.net

 


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Title Security To Provide Title and Escrow Services for JMC Communities’ New Downtown Dunedin Condominium Project

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Victoria Place Condos, Dunedin, FL

JMC Communities’ Victoria Place

We are very proud and grateful to have been selected by JMC Communities to provide Title Insurance and Escrow Services for their newly announced 30 residence Victoria Place in downtown Dunedin.

We have had a long and successful relationship with JMC, having closed approximately 2,500 condominium homes for them throughout the Tampa Bay area.  Most recently, Title Security handled closings for JMC’s downtown St. Petersburg’s Ovation and Rowland Place along with Clearwater Beach’s Sandpearl Residences and Suites.

Since 1983, Title Security has been providing comprehensive title and escrow services throughout the Tampa Bay area.  “The Title Security team has consistently provided our homebuyers with a friendly and accurate closing experience, and we look forward to working with them on our exciting new downtown community,” stated Mike Cheezem, Owner/CEO, JMC Communities.  Victoria Place broke ground earlier this month.

Title Security President, Harvey Ford said, “The JMC organization has always stood for integrity and quality… we are very grateful to be associated once again with one of their fine communities.”  Ford continues, “Victoria Place will meet the market’s growing desire for a well conceived, value conscious residence.”

http://www.TitleSecurity.net


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Confessions of a Title Processor: Fall in Love with The ‘Burg

Florida’s autumn is almost here. That means Pumpkin Spice flavored everything, Halloween, and slightly less humid days. While our city doesn’t see much of fall and winter, there seems to be a completely different mood in the city when October is upon us and it brings out the best of what St. Petersburg has become in the past few years.

If you do a Google search for some of the up and coming cities in America, St. Pete will probably pop up on more than a few. The city has continued to transform into an appealing spot for young couples to settle down and natives to stay put. And the best time of the year to see what the city really has to offer starts in the beginning of the “fall” months.

St. Petersburg's Saturday Morning Market

Saturday Morning Market

While Snowbirds start to flock to their condos and time-shares, the bustle of the surrounding area starts to pick up. Not to mention the local events that attract both residents and vacationers every year. The Saturday Morning Market is the perfect place to start getting to know St. Pete.

The local food and services trend that launched out of the East Coast and the Northeast regions of the country has trickled down to Florida. The impact has generated more visitors to open air markets and local boutique shops that are very popular in the downtown district.

Many of the local bars and restaurants host parties for beer runs and more family friendly gatherings, like St. Petersburg Preservation’s “Movies in the Park” at North Straub Park. Films like Breakfast at Tiffany’s, The Blues Brothers, and Young Frankenstein are all on the roster to be shown this season. The Florida Orchestra also puts on “Pops in the Park” at Vinoy Park in October which can quickly become a family tradition to attend. Both of these events are free and extremely popular. They’re the perfect venue to get to know your neighbors and find out about other upcoming events.

Old Northeast Halloween

Old Northeast Halloween

Even though Florida doesn’t experience seasons like most other states in the country, St. Petersburg still makes it a point to emphasize what time of year it is. Trick-or-Treating in Old Northeast is always a must do on Halloween. The neighborhood is always full of spooky decorations and kid friendly block parties around every corner. There’s even a house that makes cotton candy!

When November rolls around, most communities and schools host canned food drives for local nonprofit organizations. Many art galleries and boutique shops organize galas to raise money for All Children’s Hospital. The events are usually themed and with the purchase of your ticket, sit down dinners and live music can be enjoyed on your night out for a good cause.

There hasn’t been snow in Florida in a few years but that doesn’t stop St. Pete from getting into the Christmas spirit. A yearly boat parade is one of the most

St Petersburg Boat Parade

Holiday Boat Parade

popular events in winter along with North Straub Park’s ice rink and giant Christmas tree that’s a perfect photo op for next year’s holiday cards.

With so many events and activities planned in the fall and winter months, it’s no wonder young families and couples are gravitating toward St. Petersburg to plant their roots. If you want to know what’s going on in St. Pete, visit ILoveTheBurg.com. They have a constantly updated calendar of daily events and reviews on local plays, musicals, comedy and art shows.

http://www.TitleSecurity.com