Sample Construction Loan Affidavit And Agreement What can construction loans be used for? A construction loan is a kind of finance designed specifically to pay for the construction of a home, from the initial planning stages all the way through to the last touches. The acquisition of land, the preparation of blueprints, the acquisition of permits, and the payment of labor and supplies may all be...
Sample Commitment For Title Insurance Commitment for title insurance meaning? Most sales of real estate entail an agreed between the buyer and seller that the buyer would provide the buyer with liens. Before the sale closes, we’ll mail you something called a “title commitment” for review. Our vow (i.e. commitment) to deliver the title insurer when the transaction closes is...
Sample Subsequent Advances Endorsement how do advance payment bonds work? When money is paid in advance of goods or services being provided, a guarantee is issued in that amount. Therefore, if the customer agrees to make an advance payment (often known as a down payment), a bond may be necessary to safeguard the payment against default by the contractor. This is because an advance payment is...
Sample Transfer Of Title-Warranty Deed can you transfer a warranty? The answer to that question is yes; yet, much like the majority of things in this world, it’s not quite as easy as that. There are several warranties that can be handed down from one owner to another. The conditions of your contract with the firm from where you acquired your coverage will determine whether or not your...
Sample Title Certification who provides certificate of title? A certificate of title, often called a “title certificate” or “title document,” is a legally binding document issued by the government body that verifies the legal titleholder’s rights to land and buildings of owned personal belongings such as a car or boat. After the settlement, the proof of title proves...