The post Questions to Ask at Closing appeared first on Federal Title & Escrow Company. At Federal Title, we have been helping buyers with their home purchases for over 25 years.  And over that time, we have been asked many questions.  Here is a suggestion of a few questions to ask at closing. When is my first payment? Maybe the most important item to know about your new loan is […] The post Questions to Ask at Closing appeared first on Federal Title & Escrow Company ..read more

The post Deed Transfer with a Trust appeared first on Federal Title & Escrow Company. Recently we received a call about a deed transfer with a trust agreement.  Specifically, the property is owned by a mom and dad as trustees of the Mom and Dad Revocable Trust.  They would like for their daughter to be added to the title of the property. When it comes to owning property, there are […] The post Deed Transfer with a Trust appeared first on Federal Title & Escrow Company ..read more

The post FSBO appeared first on Federal Title & Escrow Company. What is a FSBO? FSBO stands for “For Sale By Owner”.  It refers to a property that is being sold directly by the owner, without the representation of a real estate agent. While a real estate agent provides tremendous value while listing a property, sometimes a property owner decides to go it alone. What percentage […] The post FSBO appeared first on Federal Title & Escrow Company ..read more

The post How Title Insurance Protects appeared first on Federal Title & Escrow Company. What is Title Insurance? Title insurance is a crucial safeguard for homeowners, providing protection against financial loss due to defects in a property’s title. Despite thorough research and due diligence during the purchasing process, issues can arise after closing that threaten the validity of the title.  Examining a possible claim will help illustrate how title […] The post How Title Insurance Protects appeared first on Federal Title & Escrow Company ..read more

The post Consider Life Insurance when Buying a Home appeared first on Federal Title & Escrow Company. When purchasing a home, many people focus on securing a mortgage, finding the perfect location, and envisioning their new living space. However, amid the excitement of homeownership, it’s crucial to consider life insurance when buying a home. While it may not be the most thrilling topic, considering life insurance when buying a home is a […] The post Consider Life Insurance when Buying a Home appeared first on Federal Title & Escrow Company ..read more

The post New Office Location! appeared first on Federal Title & Escrow Company. Federal Title is opening a new office location!  After 20+ years in the Chevy Chase Pavilion, this March, Federal Title & Escrow Company is relocating its Uptown office.  The new location is only a couple of blocks north and is located in The Collection.  The new office location is only a block from the Friendship […] The post New Office Location! appeared first on Federal Title & Escrow Company ..read more

The post Buying A Renovated Home? Verify the C of O appeared first on Federal Title & Escrow Company. If you are buying a recently renovated or modified home, verifying the issuance of a Certificate of Occupancy (“C of O”) may be one of the more critical items on your due diligence list.  The purpose of a C of O is to ensure that a seller has properly conformed to construction codes, zoning regulations, […] The post Buying A Renovated Home? Verify the C of O appeared first on Federal Title & Escrow Company ..read more

The post Two Types of Condo Parking Spaces appeared first on Federal Title & Escrow Company. Fee Simple or Limited Common Elements Unlike condominium parking spaces that are separately taxed and deeded (known as “fee simple ownership”), parking spaces that are designated as “limited common elements” within a condominium regime are NOT covered by title insurance. In a past blog, we explain the differences between these two types of condo parking […] The post Two Types of Condo Parking Spaces appeared first on Federal Title & Escrow Company ..read more

The post DC Tax Abatement (AKA Lower Income Homeownership Program): Can I apply for the program after my purchase? appeared first on Federal Title & Escrow Company. I recently purchased a home in Washington, D.C. and did not apply for the DC Tax abatement program at that time.  Am I still able to apply for the program after I have purchased my home? Yes. To qualify for the DC Tax Abatement Program after one’s purchase, the applicant must have met the income […] The post DC Tax Abatement (AKA Lower Income Homeownership Program): Can I apply for the program after my purchase? appeared f ..read more

The post DC Tax Abatement (AKA Lower Income Homeownership Program):  Can I apply for the program after my purchase? appeared first on Federal Title & Escrow Company. I recently purchased a home in Washington, D.C. and did not apply for the DC Tax abatement program at that time.  Am I still able to apply for the program after I have purchased my home? Yes. To qualify for the DC Tax Abatement Program after one’s purchase, the applicant must have met the income […] The post DC Tax Abatement (AKA Lower Income Homeownership Program):  Can I apply for the program after my purchase ..read more