Extend title warranty easily

Aug 6th, 2022
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How to extend title warranty

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one of the fastest ways to make money from property is to buy discounted property or below market value i want the best way to accelerate and multiply those results is through splitting titles [Music] if youre watching my videos for the first time my name is saj hussein and on this channel i share with you my 15 years of property investing experience to ultimately help you get further faster in your own property investing journey when it comes to splitting titles in property essentially what were doing is bulk buying then breaking it down to individual components to maximize its value so for instance lets say we were taking a building that say had five apartments in it and we were gonna purchase that building for four hundred thousand pounds and it may be that those individual apartments are worth say a hundred thousand pounds each that means if we sold them off individually that would net us five hundred thousand giving us an instant hundred thousand pound profit essentially what

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The standard policy covers you for defects and liens in the history of your title through the date and time your deed is recorded in the public records. The ALTA Homeowners policy provides enhanced coverage, protecting you from additional risks, including some that might occur after the deed is recorded.
the extended policy covers only the lender, not the purchaser. buyers who desire extended coverage must pay for it, and there are policies from both CTLA and ATLA that do this. issued by the title insurance issuer prior to issuing the title insurance.
An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer. An implied warranty is different from an express warranty, where the seller has expressly promised by words (i.e. orally or in writing) or conduct (e.g., sample or model).
In California, there are two types of title insurance policies. The CLTA (California Land Title Association) policy insures the property owner and the ALTA (American Land Title Association) is an extended coverage policy that insures the lender against possible unrecorded risks excluded in the CLTA policy.
(UCC 2-312) Warranty of title and against infringement; buyers obligation against infringement. (2) the goods shall be delivered free from any security interest or other lien or encumbrance of which the buyer at the time of contracting has no knowledge.
Section 8.1. 3 of the Colorado Real Estate Commission approved Purchase and Sale Agreement allows the parties to choose whether the buyers title insurance policy will include Owners Extended Coverage (OEC). Owners Extended Coverage is a way to maximize title insurance protection beyond the basic coverage.
Extended coverage in an owners title insurance policy would include standard coverage plus defects discoverable through a property inspection, including unrecorded rights of persons in possession, an examination of the survey, and unrecorded liens not known by the policyholder.
The extended policy provides greater coverage than the standard policy. Generally, the extended policy provides the same coverage as the standard policy, but also insures against defects, liens, encumbrances, easements, and encroachments and conflicts in boundary lines that are not reflected in the public records.
The implied warranty of title comes in every sale unless effectively disclaimed. It guarantees that the seller has the legal right to transfer the goods and they will be delivered free from liens or encumbrances that the buyer did not know about at the time of contracting.
Generally, the extended policy provides the same coverage as the standard policy, but also insures against defects, liens, encumbrances, easements, and encroachments and conflicts in boundary lines that are not reflected in the public records.

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