Riverside Abstract

Experts at title insurance agency, Riverside Abstract , indicate that buying a home is an exciting, but also a complicated process.

The title insurance policy protects the financial interest in a property. Two types of title insurance policies are available: the lender’s title insurance policy and the owner’s title insurance policy. In most of the cases, the lender, in order to protect their investment, will always require a lender’s title insurance policy. The insurance policy fee is part of the closing costs. This fee is always reflected as a lender charge on the closing disclosure. The owner’s title policy is optional. This policy is not required in order to purchase a home. However, professionals from the title insurance company, Riverside Abstract , recommend the purchase of this policy, in order to prevent any financial losses to the new home owner from previous home ownership. Why is Owner’s Title Insurance important? There are many options to be considered by the homeowners, when it comes to keeping their homes safe and secure. So, many homeowners choose to install smoke alarms, deadbolt lock...

Real Estate Investment Trust (REIT) is a financial asset that is quoted in the same way as a stock, which allows an investor to have exposure to the real estate sector of the US economy. In other words, if we buy shares of a REIT we are investing indirectly in houses, apartments, hotels, office buildings, etc. Unlike direct investment in real estate , which has a liquidity problem, a REIT provides liquidity, because we can buy and sell our shares at any time in the open market. REITs are exempt from federal taxes at the company level.