Title Resources Decatur Office

Title Dictionary: Joint Tenancy

Ever come across a real estate term and think, "What does that even mean?"

✔️Today's word: Joint Tenancy

Joint Tenancy is an estate where two or more persons hold real estate jointly for life, the survivors to take the entire interest on the death of one of the joint tenants.

Congratulations to this sweet couple who are first time homebuyers!! And expecting their first baby!! It was an exciting day at the closing table! ♥️💙

Thank you to all who joined us this morning at Wise Realtor!
Thank you to our breakfast sponsor Cary Bohn- State Farm Agent! Our speaker, Matt Runnels, Executive Director of Decatur EDC, gave a great presentation explaining how the EDC works to provide existing business and industry attractive incentives to grow and expand. We can’t wait to see you all again next month!

Elevate your real estate business! 🏠

Connect with local pros at our monthly Agent Roundtable on Wednesday, Sept 9th (9–11 AM) at Texas Social.

📊 Local market updates from Decatur EDC Director Matt Runnels

📢Share your listings & buyer needs

🍳 Breakfast provided by Cary Bohn - State Farm Insurance

✉️ RSVP: Email [email protected] to save your seat!

Stay compliant and earn your CE credits! 📜

Join us for Legal Update I (Sept 8th) & Legal Update II (Oct 13th) from 9 AM – 1 PM, led by Attorney Michael Clay.

💵 Cost: $40/class (Breakfast & Lunch provided!)

📍 Location: Title Resources Decatur (1650 S. FM 51, Suite 300)

✉️ RSVP: Email [email protected] to lock in your spot!

Title Dictionary: Power of Attorney

Ever come across a real estate term and think, “What does that even mean?”

✔️ Today’s word: Power of Attorney

A Power of Attorney is an instrument authorizing another to act on one’s behalf in legal matters.

For example, a buyer or seller might sign a Power of Attorney to allow a trusted person to sign closing documents for them if they can’t be present at closing.

What is an easement? Here’s a quick cheat sheet…

Feel free to save this, screenshot it, or pass it along to anyone diving into the housing market.

Happy Friday!! 💙

Title Insurance vs. Homeowners Insurance: What’s the difference? 🏡

Many buyers assume these do the same thing, but they protect 2 different aspects of homeownership!

Title Insurance protects your legal ownership of the property by covering issues that occurred *before* you purchased the home, such as:
▪️Undisclosed heirs
▪️Forged documents or signatures
▪️Unpaid liens
▪️Errors in public records
▪️Ownership disputes

Homeowners Insurance protects the physical home and your belongings against *future* events, such as:
▪️Fire
▪️Weather related damages
▪️Theft
▪️Certain types of water damage
▪️Personal liability (depending on the policy)

Title Insurance is a one-time fee paid at closing that protects you as long as you own the home, while Homeowners Insurance requires ongoing premium payments to maintain coverage.

✔️Title Insurance protects your ownership rights.

✔️Homeowners Insurance protects your home and property.

Both policies are important, but they protect you against different types of risks!

Title Dictionary: Proration

Ever come across a real estate term and think, “What does that even mean?”

✔️ Today’s word: Proration

Proration is the process of dividing certain expenses between the buyer and seller based on the portion of the year each party owns the property.

For example, property taxes may be prorated at closing so that each party pays their share for the time they owned the home.