Archive for April, 2011

Mobile Notaries in Utah Beware

Thursday, April 28th, 2011

The Utah Land Title Association, an association of title and escrow companies in Utah, which has taken an active role in providing education to our industry on best business practices, issued an Important Notice to its members about the Utah Insurance Department’s position on mobile notaries. 

In essence it states is if you are a notary and have been conducting real estate closings/signings in Utah (unless you have a Utah escrow license and are part of a title company) then you are performing escrows in violation of Utah law.  The Department will be providing “wake up calls” to stop this practice.  This will be in the form of an official Order to Cease and Desist, that could then be followed up with an enforcement action to suspend or revoke the notary’s license.  The Department stated it already has several cases in process and we expect there will be many more in the immediate future……so BEWARE!!!

ULTA Important Notice

Mobile Notaries in Utah Beware, by Inwest Title a Utah Title Company

Friday, April 15th, 2011

The Utah Land Title Association, an association of title and escrow companies in Utah, which has taken an active role in providing education to our industry on best business practices, issued an Important Notice to its members about the Utah Insurance Department’s position on mobile notaries.

In essence it states is if you are a notary and have been conducting real estate closings/signings in Utah (unless you have a Utah escrow license and are part of a title company) then you are performing escrows in violation of Utah law.  The Department will be providing “wake up calls” to stop this practice.  This will be in the form of an official Order to Cease and Desist, that could then be followed up with an enforcement action to suspend or revoke the notary’s license.  The Department stated it already has several cases in process and we expect there will be many more in the immediate future……so BEWARE!!!

ULTA Important Notice

Choosing Local- Should Real Estate Agents Care where they refer their title business?, by Inwest Title a Utah Title Company

Monday, April 4th, 2011

Does it really matter where you choose to send your title orders?
Does it really matter if the title company is a local Utah company?

Yes! Real Estate Agents have many choices of where to refer their buyers and sellers to for title and settlement services.  That choice impacts their local community and their local economy in many ways.  Real Estate professionals are in the business to sell real estate and buyers and sellers are in the market to buy and sell.  When Real Estate professionals use vendors for mortgage loans and title services that are outside of Utah and in some cases sending dollars outside of the U.S., the impact is diminished.

According to NAR (National Association of Realtors), home ownership impacts the national economy in many ways:
*For every two homes sold, one job is created.
*Each home purchased pumps up to $60,000 into the economy.

For every $1 spent at a local business, 45 cents is reinvested locally. Whereas, for every $1 spent at a corporate chain or business only 15 cents is reinvested. (Salt Lake City Weekly 03/2011)
Consumers can see their dollars go three times further when they support local independent Utah businesses.
Buying local products and choosing local vendors makes a difference in your community and in the Utah economy.  The effort to buy local products and use local businesses helps keep money circulating closer to where you spend it.  Corporate chains and businesses operating outside of Utah and the U.S. send their money out of state which sends money out of our economy.

As a Real Estate Agent, it does matter whether you choose to use an independent Utah title company for your buyer and seller’s title and settlement needs.  Utah can’t afford for jobs to be lost and money to be sent out of Utah, and neither can you as a Real Estate professional that sells real estate to individuals residing in Utah.

Inwest Title Services is the largest independent title company in Utah.  Make a clear choice for title and settlement services in Utah, and choose Inwest Title Services.  Inwest Title performs Title Searching and Clearing and Policy Functions with examiners employed within Utah,
thus keeping jobs and revenues supporting our state’s economy.  Inwest Title has 12 locations statewide with search capabilities everywhere in Utah.  Find the office nearest you and place your next title order at www.inwesttitle.com.