Posts Tagged ‘title company utah’

Inwest Title Park City, Title and Escrow with a little snow on top, by Inwest Title, a Utah Title Company

Thursday, January 10th, 2013

Inwest Title Services Park City

Welcome to Inwest Title Services! We have 13 convenient locations throughout Utah to serve all of your title and escrow needs. Whether this is your first interaction with Inwest Title Services or you’re a seasoned client, we want you to become acquainted and familiar with all of our friendly employees. We will regularly spotlight one of our 13 locations and feature the escrow officer(s) at the correlated office.

Whether you need a title search, foreclosure report or property profile, all of our professionals will be of assistance in any way possible. We are proud to serve the needs of our community with some of the most competitive rates possible. Our team of title and escrow officers will be delighted to work with you!

Park City Office

The office spotlight of the day is the Park City location. They are located at 1571 Redstone Center Drive Suite 110, Park City, Utah. The office includes three employees: Karen Kasperick, Manager/Escrow Officer, Candace Rushton, Escrow Assistant, and Heather Parrish in Reception.

Our employee spotlight of the day is Karen Kasperick. She has an exceptional background for the Title profession after working in an international law firm based out of New York for 18 years. She became a licensed Escrow Officer in 2002, and has loved the career move ever since. She joined Inwest Title in 2008 when she was recruited to be the manager of the Park City office. Her work ethic and professionalism are traits she is well known for. She keeps her schedule flexible to accommodate her client’s requests for closings after hours or in locations other than the Park City office. Customer satisfaction is her highest priority.

Karen and her husband, Mark, have two children, Kelsey and Taylor. Her favorite activities include: cooking, running, hiking, and vacationing at the beach.

Inwest Title Services Park City

Karen Kasperick

Inwest Title Park City Office Photo

Park City Staff

 

 

 

 

 

 

 

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

 

 

No Split Closings on Cash Deals in Utah, by Inwest Title, a Utah Title Company

Thursday, December 20th, 2012

Have you ever been involved in a split purchase transaction where the Buyer and Seller want to close at different title companies in Utah, only to be informed that your cash Buyer has to close with the Seller’s title company?  Is this True? Can they force your Buyer to do this?  Why is this happening?

This issue first arose in 2007 when the Utah Insurance Department issued a bulletin announcing their official position that under the Insurance laws a title company that was only handling the cash side of a purchase was not authorized to conduct an escrow since they would not be issuing a title insurance policy.  For a while after this a few title companies tested the waters claiming the statutory language was ambiguous and elected to close Buyer side cash closings anyway.  Ultimately, these companies were pursued, fined, placed on probation, and ended up losing their battles with the Utah Insurance Department.  Additionally, a few years ago the Division’s position was further strengthened by an amendment to the insurance laws (see 31A-23a-406(1)(c))  that clarified the language stating a title company must issue a policy in order to conduct an escrow.  (There is a minor exception to this rule when a title company is dealing with mobile homes, grazing rights, or water rights.)

Is everyone happy with the result? No, but it is the law and it is unlikely to change.

Potential Solutions for your cash Buyer:

  1. Negotiate in the REPC that the Seller close and purchase title insurance from a title company selected by the Buyer;
  2. Request the Buyer be permitted to do a courtesy signing at the title company of their choice.  (This will mean the Seller’s title company will still prepare all the documents and receive all funds, but the signing can take place elsewhere); or
  3. Close with the Seller’s title company.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

REPC Deadline Reminder System, by Inwest Title, a Utah Title Company

Friday, October 26th, 2012

Do you and your real estate team struggle to stay on top of REPC (Real Estate Purchase Contract) deadlines from transaction to transaction?  If you work with Inwest Title Services on your real estate transaction then you need not fret.  Inwest Title Services provides their clients with timely reminders on all of their important deadlines on the REPC.  The deadline system triggers an email to your inbox when your pending deadlines are near:

*Seller Disclosure, Due Dilligence, Settlement Deadline, as well as Financing and Appraisal Deadlines all arrive 2-4 days before the deadline on the contract.

The system will also notify you of the latest REPC addendum we have received on file.

Let Inwest Title Services put your deadline worries to rest.  Place your next title order with Inwest Title Services.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

 

Explaining Why Title Insurance is Necessary to your Clients, by Inwest Title, a Utah Title Company

Friday, October 19th, 2012

Other types of insurance coverage focus on possible future events and charge an annual premium, such as flood insurance or hazard insurance. Title insurance protects against loss from hazards and defects already existing in the title and is purchased with a one-time premium.

Insuring a home’s title begins with a search of public land records affecting the property. The title agent or attorney working on behalf of the underwriter examines pertinent documents to determine whether the property is insurable. Those documents include deeds, wills, trusts, outstanding mortgages and judgments, property liens, highway or utility line easements, pending legal actions and notary acknowledgements.

When title problems are disclosed during the search process, they are corrected whenever possible to avoid future claims. According to surveys done by the American Land Title Association (ALTA), title problems consistently arise in one out of three real estate transactions (36%).

Read more http://bit.ly/VkHcfd

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

New Real Estate Investment Advisor Designation available in Utah

Friday, October 12th, 2012

A new Real Estate designation is now available for Real Estate Investment Advisor (REIA). The first designation class date is Monday, October 15, 2012 from 8:00 am- 5:00 pm. It will be located at the Salt Lake Board of Realtors Office, 230 South Town Ridge Parkway Sandy UT. The 8-hour course will include 4 hours CORE and 4 hours Elective credit on Residential Real Estate Investing. The National Association of Real Estate Advisors (NAREIA) is sponsoring the course.

We are pleased to announce that James Seaman, Attorney at Inwest Title will be teaching the portion of the curriculum titled “Legal, Title & Closing Issues”.

Visit www.NAREIAGroup.org or the Salt Lake Board of Realtors for registration and more information.  Inwest Title Services is thrilled to be a part of this new designation course.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

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.

What is the best way to do a geographic farm as a Realtor?, by Inwest Title a Utah Title Company

Monday, March 28th, 2011

Over the years we’ve gathered a number of tips from top Realtors on how to effectively do a geographic farm as a Realtor. Here are things to remember and some marketing ideas to help yield the best results!

A geographic farm is used to target a specific neighborhood or area to solicit business. Keep in mind this is usually a long term marketing tool, not just sending out one mail piece and then receiving deals. The goal is to have your name become very familiar and relationships built in that area so you are who the owners think of when someone speaks of real estate in that neighborhood. Consistency is key!

These are some bullet points to remember before starting a farm area:
* How long have occupants lived in their house? The average homeowner lives in their home for 6 years before relocating. If you are in an area with residence of 4-6 years then it would be a great opportunity to build relationships and grab their next transaction.
* Is there a decent turnover rate for the community? Use your MLS to look up sales to determine this information.
* How many renters live in that area vs. homeowners? If there are a lot of renters then find out which homes those are and target them with a specific marketing piece with first time home buyer information. (Inwest Title can provide absentee owner information so you know which homes might have renters and also can access mailing labels to market directly to the home owners of the rental properties.)
* Is there a particular agent who has a large percent of market share for that neighborhood? If there is already an agent who has a very large percentage in that neighborhood it could be an unwise strategy of your marketing time and money.

Marketing Ideas for your farm:
* Send out a marketing piece once a month that includes stats on real estate and information the community will want to know about. This is their biggest investment so homeowners want to know what sales are going on in their area.
* After sending out marketing pieces, follow up with a phone call or door to door to formally introduce yourself. You can say something as basic as, “Hi I’m Sally with XYZ Realty and I wanted to introduce myself but also let you know next week you should be getting a new mail piece from me that goes over how many Sales happened in this neighborhood last month and the average sale price.
* When you door knock, drop off a folder with your name, ph number, & website on the tab. “Your home is your biggest investment so I’ll be mailing you monthly information concerning real estate in this area that you can file in this folder.” On your mail pieces always write at the bottom, “Keep this in your Real Estate File”
* Find local activities to sponsor- If it’s your own neighborhood organize a block garage sale! If there are team sports then sponsor their team with your info listed on their uniforms.
* Ask what info they would want and need, then fulfill those needs.
* Get local businesses to allow coupons or discounts in your neighborhood flyer.
* Send “Just Listed” postcards or “Just Sold!” (Inwest Title can pull a radius around any property giving you the owners name and address)
* Don’t just ask for their business but ask for referrals for people they know outside of the area, even another state. You can then direct those to
other Realtors for a referral fee.

Let Inwest Title help you with your next geographic farm project. Call your local Escrow Team or Marketing Rep or find an office nearest you at www.inwesttitle.com.