Category Archives: Uncategorized

Subdivision Covenants and Restrictions

Subdivision Covenants and Restrictions Featured Image - First United Title Agency, LLC

Home buyers have a lot of questions about the home they’re interested in purchasing. One common question is about Covenants and Restrictions that apply to the property. Covenants and Restrictions regulate the use, appearance and maintenance of the homes (among other things) of a particular subdivision. Covenants and Restrictions are determined when the developer incorporates […]

Why Marital Status Matters in Real Estate Transactions

Why Marital Status Matters in Real Estate Transactions Featured Image - First United Title Agency, LLC

Married or single? Why is it so important in a real estate transaction? The marital status of a person affects the way he or she can sell property, or purchase property when a lender is involved. Have you ever experience a closing where the marital status of your client changed between sales contract acceptance and […]

What Is A Closing Protection Letter (CPL)?

What Is A Closing Protection Letter (CPL) Featured Image - First United Title Agency, LLC

We all know that the buyer, seller and lender are required to have a Closing Protection Letter (CPL) for closing, but why? The experts at First United Title Agency, LLC break it down for you. What is a Closing Protection Letter? The CPL is nothing new. Formerly known as an Insured Closing Letter, many lenders […]

About Creative Financing

About Creative Financing Featured Image - First United Title Agency, LLC

Creative financing: You’ve heard of it, and, as a seller, the idea sounds pretty attractive. But, do you know everything you need to know about carrying back a second; essentially, about becoming a lender? You better know the same things that financial institutions know – you better know about lender’s title insurance. It’s time to […]

Understanding Preliminary Reports

Understanding Preliminary Reports Featured Image - First United Title Agency, LLC

After months of searching, you’ve finally found it — your perfect dream home. But is it perfect? Will you be purchasing more than just a beautiful home? Will you also be acquiring liens placed on the property by prior owners? Have documents been recorded that will restrict your use of the property? The preliminary report […]

What Is A Rate Lock?

What Is A Rate Lock Featured Image - First United Title Agency, LLC

Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. Here we will quickly explain what a rate lock is. A “Rate Lock” is a guarantee that a lender will honor a specific combination of interest rates and points for a given period of time. A lock protects a buyer from […]

What Is A Closing Protection Letter?

What Is A Closing Protection Letter Featured Image - First United Title Agency, LLC

We all know that the buyer, seller and lender are required to have a Closing Protection Letter (CPL) for closing, but why? The experts at our title company break it down for you. What is a Closing Protection Letter? The CPL is nothing new. Formerly known as an Insured Closing Letter, many lenders (especially those […]