Riverside Abstract

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

Among the different modes of real estate ownership change, those that are probably most familiar to you are transmission by sale, donation, exchange and inheritance. All of them affect the market to a greater or lesser degree, but transmission by sale and purchase is the one with the highest incidence. From liability pitfalls to tax advantages, each type of property ownership brings unique benefits and drawbacks – and it’s important to be fully aware of them before you invest. In this post, Riverside Abstract, a title insurance company from Brooklyn, will explore the different types of property ownership in real estate.

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.

You might not know this, but the title insurance lender’s policy your bank requires you to buy before funding the mortgage isn’t the same thing as the optional title insurance owner’s policy your real estate agent is recommending you buy to protect your investment. With so many mandatory fees and additional charges required to close on a home, you may be tempted to pass on other optional closing costs, like an owner’s policy. However, before you turn down this option, the title processors at Riverside Abstract, a title insurance company, stress how important it is to know that the lender’s policy only protects the lender. That means that without an owner’s policy, your financial investment in your home is at risk. Riverside Abstract’s real estate attorneys with experience in homeowner's insurance can explain the difference between an owner's policy and a lender’s policy, ultimately helping you make the right decisions.

Mortgage lenders  and property buyers are protected against the problems with a title, which may arise when there is a transfer of property ownership. The title insurance company may pay the legal damages, specified in the policy if a title dispute arises during a sale. When issuing title insurance, the title insurance agency, or attorney researches the records in order to make sure that the property title is clean, that there are no undisclosed heirs to the property, unpaid taxes, pending legal action, errors, fraud or other problems with the deed. To put it simple, it will be verified if the seller really owns the property and is free to sell it. “A title or public record defect, that’s fixed before the transaction closes, is revealed in one out of every three searches,” says Joe Altman, spokesman for Riverside Abstract , a title insurance company, based in New York. After it is checked that the title of the property is clean, an underwriting company is contr...

We find out from our sources in the title insurance company Riverside Abstract, with has a satellite  office in Trenton , NJ, that the investment in property abroad and property overseas is currently proving to be one of the most popular and profitable media to long-term investments. However, when buying investment property in the emerging markets it can sometimes be difficult to obtain up to date and accurate investment information.  Overseas property investors in the established markets of Cyprus and Spain are now looking to invest at the emerging property markets of Bulgaria, Turkey, and Dubai. Several factors are influencing the property markets in these countries including Bulgaria's entry into the European Union and the recent changes to the property ownership laws in Dubai. As stated on the Riverside Medium Blog , the opportunity to purchase off plan investment property continues to flourish in Cyprus and Spain, however even high...

Buying a home is usually a tough decision. There are many factors that can influence that decision. If you have been renting, you may start to consider that buying is a better option. The monthly payments of the rent are not contributing to your future. The CEO of Riverside Abstract (see Riverside Abstract on Crunchbase ), the title insurance agency, based in Brooklyn, NY, gives you some factors to determine if you are ready to buy your own home. The financial aspect First and more important, you have to determine if you can afford to buy a home on your own. The first consideration you need to have is the money needed for the down payment. More often, it is required to put between 10 and 20% of the purchase price of the home as a done payment. Sometimes, you can negotiate for e lesser down payment. Another thing you have to consider, according to Riverside Abstract escrows, are the closing costs. They can vary between 3 and 6% of the home purchase price. In addition, proper...