Category: Uncategorized
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What is a Settlement Agent?
When buying or selling a home, you need to choose a settlement agent that is experienced. Settlement Agents are responsible for making sure the terms of your contract are executed properly and funds are disbursed according to the contract. Mullins and Lucas has been a licensed CRESPA agent for over 50 years in Virginia and…
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What is Heir property?
Heir property, also known as Heir’s or Heirs property, is land that is owned by descendants of an owner that did not have a will. We talked about title in the title insurance post, but for those who may have missed that post, title is the legal right of ownership to something. Heir property may…
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Why should I buy title insurance?
We get asked this question a lot. First, let’s explain what is title. Title is the legal right of ownership to something. It can be for an automobile or property. When buying a house, you will often be asked if you want a title search. (By the way, you do.) A title search will research…
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Today’s episode of “Did you know…?”
Did you know that when someone passes away and they own property, you have to file documents in the jurisdiction where the property is located? Whether it’s a will, or a Real Estate List of Heirs, there have to be documents on file in the Clerk’s Office in order for Attorneys to show the title…
