Entries by Adan Gutierrez

Signing by “X”

As senior citizens age they may have difficulty carrying out everyday tasks such as signing their name. Although their mind remains sharp, they may lose the ability to carefully sign important documents. The use of a power of attorney may not be necessary considering all 50 states permit an individual to sign his or her […]

Hurricane Irma Update

We are all very aware on what is happening with the current natural disasters.   Our thoughts and prayers are with all the families affected by these events.  Our goal is to keep you informed as this is impacting our industry. Based on the multiple paths, we have been advised at this time, FL, SC, […]

Probate 101

When a person dies, the deceased individual is called the “decedent” and the decedent is referred to as having died testate (with a will) or intestate (without a will). A will is a written document executed by a competent person that directs how, when and to whom his or her property will be distributed after […]

Delaware Realty Transfer Tax

HOUSE BILL 279 – AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO REALTY TRANSFER TAX. Original Synopsis: This Act increases by 1% the rate of realty transfer tax to be received by the State Click here for details Below is a copy of the updated form Click here: 5402e.2017

New Notary Legislation in Florida

Advisory: During the 2017 Legislative Session, the Florida Legislature passed a bill that revised Florida Statute § 117.05 to add a veteran health identification card issued by the United States Department of Veterans Affairs to the list of acceptable forms of identification. Governor Scott has signed this bill and the new law will be effective […]

Vesting types for married couples

There are different forms of real estate ownership that married couples can use to own real estate. The most recognized form for a married couple is to own their home as Tenants by the Entirety. A tenancy by the entirety is ownership in real estate under the fictional assumption that a husband and wife are […]

Title & Escrow Terms

Affidavit: A written statement or declaration, sworn to before an officer who has authority to administer an oath. CC&R’s (Covenants, Conditions, and Restrictions): A term used in some areas to describe the restrictive limitations which may be placed on the property. In other areas, only called restrictions. Conveyance: Transfer of title to land. Includes most […]

Ohio Good Funds Law

For Ohio real estate transactions, effective April 6, 2017, the following are the only form of funds a settlement agent may collect and disburse on in connection with a residential real estate transaction: 1. Wire Transfers 2. Checks: Personal, Business, Certified, Cashier’s, Official Check or Money Order. The combined dollar amount of these items cannot […]