property past Dec 11, 2017

A Real Estate Carol: Meet the Ghosts of Property Past, Present and Future

If you’re familiar with A Christmas Carol, you know that Ebenezer Scrooge finally found redemption with the help of the Ghosts of Christmas Past, Present, and Future. As a property buyer, or a real estate agent representing the interests of ...

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credit score Nov 22, 2017

Say what?! Places where it’s easier to qualify for a mortgage than a lease

Yes, you read that correctly. In some markets, one needs a higher FICO credit score to rent than to buy a home, according to the resident screening service RentGrow. On a nationwide basis, the average credit score required to rent ...

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closing stressful Oct 10, 2017

Ensure Your Closing is Stressful in 5 Steps

Is a real estate closing stressful? It can be so stressful, apparently, that panic and dysfunctions like “the endowment effect” and “loss aversion” are possible.  When you work with a punctual and accurate abstracting firm and an experienced title insurance company, things ...

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blockchain real estate Sep 12, 2017

Will Blockchain Disrupt the Real Estate and Title Industries?

Blockchain, the technology behind Bitcoin, is a ledger system in which records take the form of time-stamped blocks and are linked together in a decentralized database. Since blockchain’s open source code was made public in 2009, it has been utilized ...

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home affordability Aug 24, 2017

How One State is Solving Home Affordability

This is a story about supply and demand, about basic economic principles, and how one state is ideally situated to solve one of the greatest problems in the housing market today: lack of home affordability. Home Prices and a Stubborn Inventory According ...

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Image courtesy of  Jonathan Weiss / Shutterstock.com Jul 17, 2017

Amazon Mysteriously Adds, Removes “Hire a Realtor” Page

If you thought Amazon couldn’t get any bigger, you’d be wrong. The internet giant appears to be poised to break into the real estate market by offering consumers the option to hire real estate agents through their professional services marketplace, ...

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real estate markets Jun 27, 2017

Where were the best real estate markets in May 2017?

There are many factors that affect where the best real estate markets are. Two particularly salient issues right now are inventory and affordability. Low Inventory Affecting the Best Real Estate Markets   Residential real estate inventory for sale has been at record-breaking lows ...

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historical finds May 31, 2017

Historical finds are more common for builders than you’d think

Historical finds by builders during construction are more common than you might think. In 2013 alone, more than 120,000 federal projects experienced just that and had to comply with the National Historic Preservation Act. This statistic is for federal projects ...

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Home inspectors Apr 25, 2017

3 Strange Stories from Home Inspectors

Last month, Ronda Kaysen wrote an interesting piece in The New York Times, “Home Inspectors on Their Weirdest Discoveries,” wherein she reveals the strangest secrets that home inspectors have uncovered on the job – from covered up failed renovation attempts ...

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Mortgage Delinquency Mar 02, 2017

What Today’s Mortgage Delinquency Rates say about the Economy

The economy has many bellwethers, from employment figures to productivity readouts. CoreLogic, on the other hand, is taking a look at mortgage delinquency rates both before and following the housing crisis to tell us how far our economy has come ...

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real-estate-easements Dec 29, 2016

Terminating Real Estate Easements 101

An easement is a legal right that grants non-owners the ability to use or access a property for a specific purpose. Easements are often created for utility companies and public works. If you need to eliminate an easement for your ...

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interest-rates Dec 19, 2016

Higher Interest Rates Meet Improved Economy, Confidence & Home Values

The recent bump in the federal funds rate by the Federal Reserve will lead to a modest increase in mortgage rates for prospective homebuyers. But, that rate increase will not put a damper on the recent recovery of the housing ...

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commercial-brokers Nov 30, 2016

Three Communication Pitfalls for Commercial Brokers to Avoid

A large portion of real estate litigation revolves around broken deals — business sales, real estate transactions, and commercial property leases that have, for one reason or another, gone dead in the water. By the time legal remediation gets involved, ...

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mortgage-volume Nov 17, 2016

What Election Results Mean for 2017 Mortgage Volume

The Mortgage Bankers Association’s most recent industry forecast predicted rising interest rates in 2017 would provoke a downturn in refinance activity, while purchase originations would accelerate. However, those projections were released in October under the assumption Hillary Clinton would win ...

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trid-fee Oct 31, 2016

Consumers Confused by TRID’s Fee Disclosure

The primary goals that the Consumer Financial Protection Bureau (CFPB) had for the TILA-RESPA Integrated Disclosure (TRID) were to make the process of getting a mortgage easier and help consumers better understand the key features, costs, and risks of obtaining ...

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disaster-prone Oct 15, 2016

Why Are the Most Expensive Cities Among the Most Disaster-Prone?

Mother Nature can wreak unavoidable havoc. Recent damage in the U.S. includes raging floods that swept through Louisiana, wildfires across the West Coast that forced tens of thousands from their homes, and water damage from Hurricane Matthew’s storm surge and ...

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title-insurer Sep 29, 2016

Judge Rules Title Insurer Not Liable for Fraudulent Client Coverage

In a significant development for title professionals across the state, a North Carolina federal judge has weighed in on insurance liability caused through fraud. The underlying dispute revolved around disingenuous property dealings between two real estate developers: after losing their ...

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title-insurance Sep 15, 2016

Title Insurance Defalcation — Preparing For and Responding To Financial Liability

Real estate transactions typically entail the exchange of large sums of money through several different channels. As such, even small title organizations can have temporary access to millions of dollars via an escrow account. The title insurance sector relies on ...

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trid-comment-period Aug 15, 2016

TRID Comment Period Begins: Everything Lenders Need to Know

The comment period for proposed changes to the ‘Know Before You Owe’ rule, also referred to as the TILA-RESPA Integrated Disclosures (TRID) rule, is now open. Given the laundry list of grievances the lending world has put together since ...

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Property Survey Jul 29, 2016

Top 10 Reasons to Have a Property Surveyed

An increasing number of lenders are telling potential homebuyers that property surveys are unnecessary. But with numerous property disputes in the news, including one that could redraw the line between Texas and Oklahoma, it’s clear that knowing the metes and ...

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Municipal Lien Search Jul 15, 2016

Super-Priority Liens — Municipality Over Mortgage

Did you know that, even though mortgage funds are the deciding factor in property ownership, there are certain types of liens that outrank them? These "super priority" municipal liens (SPMLs) are granted higher priority than any other, even that of ...

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Pace Financing Lien Search Jun 30, 2016

How Eco-Friendly Designs are More Affordable Than You Think

Property Accessed Clean Energy (PACE) financing has been around for awhile, and will likely only grow from here on out. It is essential in this day and age for new properties to include as many energy-efficient designs as possible, and ...

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Retail Tenants Getting the Benefit of GÇÿExclusive UseGÇÖ Provisions Jun 15, 2016

Retail Tenants: Getting the Benefit of ‘Exclusive Use’ Provisions

Obtaining an “exclusive use” provision in a lease agreement can be a retail tenant’s best friend - it prohibits the landlord from offering space to another tenant with the same type of retail business. For example, a coffee shop’s exclusive ...

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1 May 31, 2016

How Inflation Impacts Rising Home Prices

The rate of core inflation is rising and poised to reach the Fed’s 2% goal. For this reason, the Fed is planning to raise the overnight cost of money, also known as the “Fed funds rate,” a number of times. ...

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01 May 16, 2016

Non-Bank Lenders Face Significant Growth Challenges: Consolidation Likely

In a post-2008 world, the mortgage loan industry was shaken up by the appearance of non-bank-based startups that had many questioning the future of the landscape. While many of these organizations have survived and even thrived in a recovering economy, ...

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2.2 Apr 30, 2016

What Co-Op Buyers and Lenders Need to Know about Title Insurance

For over a century, title insurance has been protecting both buyers and lenders from loss in the event of a valid claim against a property. To date, title insurance has become more or less universal. Buyers of co-ops, on the ...

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1.1 Apr 17, 2016

Special Forms of Ownership and How They Affect a Title

In the world of title abstracts, the most common forms of ownership are sole ownership and concurrent ownership. Others forms of ownership do exist, however, and understanding them is essential. The form of ownership of any given property determines the number ...

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shutterstock_280799669 Mar 30, 2016

Fixture Liens & Fixture Disputes 101

The Latin phrase “quicquid plantur solo, solo credit” means that what is attached to the land becomes part of the land.  That may seem fairly straightforward, but determining what items are fixtures (improvements to real property like air conditioners, solar ...

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shutterstock_275765495 Mar 14, 2016

Title Abstract FAQ: What You Need to Know

What is a title abstract? A title abstract is a history of the titles to a piece of land. It uses public records to list all legal actions and claims related to a piece of property, including transfers, wills, grants, conveyances, ...

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result Feb 26, 2016

Join Us in Helping LA Tornado Victims

Vicious tornadoes swept through southeast Louisiana on Tuesday, destroying over 100 buildings, injuring dozens of residents, and killing two. As we have done in the past, the Punctual Abstract Disaster Relief Group is partnering up with former Saints player John ...

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20160212 Punctual Abstract_Blog_Understanding the Most Common Loan Application Errors Feb 15, 2016

Understanding the Most Common Loan Application Errors

As the TILA-RESPA Integrated Disclosure (TRID) grace period draws to a close, compliance needs to be a top priority for lenders. Most pertinent for those in the secondary market is the fact that many investors are refusing to buy mortgage ...

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20160119 Punctual Abstract_Blog_TRID Regulation and the Title Industry 3 Key Challenges (1) Jan 29, 2016

TRID and the Title Industry — 3 Key Challenges

Up and down the real estate pipeline, the recent TRID (TILA-RESPA Integrated Disclosure) ruling is making big changes. What does this mean for title professionals? First and foremost, rapid adjustment to a new landscape. In the fall of 2013, the Consumer ...

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20160121 Punctual Abstract_Blog_Welcome to Punctual Abstract Jan 21, 2016

Welcome to Punctual Abstract

Welcome to Punctual Abstract! We are one of the largest abstracting firms in the Gulf South region. In an effort to keep lenders, title companies, and national abstractors informed of the latest news, we’ll now be publishing blogs on a ...

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