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CyberspaceLawyer Factoids! |
CyberspaceLawyer.Net is market intelligence for the real estate industry, published throughout the year. In every post, including commentary, CyberspaceLawyer.Net features stories that give the consumer the knowledge to make important, informative decisions in a rapidly changing marketplace. We offer up-to-the-minute briefings on real property matters, settlement services, changes in licensing laws, important court rulings, issues affecting the MLSs, e-commerce, technology, title insurance, mortgage originators, and class actions. We highlight news around the industry - national, regional and local. Our goal is to keep the consumer up to date on key market trends. Cyberspacelawyer.Net is committed to providing access to all individuals—with or without disabilities—seeking information on CyberspaceLawyer.net.
The information posted on CyberspaceLawyer.Net includes hypertext links or pointers to information created and maintained by other public and/or private organizations. CyberspaceLawyer.Net provides these links and pointers solely for your information and convenience. When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. CyberspaceLawyer.Net: Title insurance in the United States is indemnity insurance that protects against financial loss due to defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is defined by s. 624.608, F.S., as “insurance of owners of real property or others having an interest in real property or contractual interest derived therefrom, or liens or encumbrances on real property, against loss by encumbrance, or defective titles, or invalidity, or adverse claim to title.” Title insurance is a policy issued by a title insurer that, after performing a search of the title, represents the state of that title and insures the accuracy of its search against claims of title defects. Flat fee MLS is a term used to describe a practice in the real estate industry in which realtors place pertinent information about a property for sale into the database of the local Multiple Listing Service (MLS) for a set fee or dollar amount as opposed to a commission based on the contract selling price of the property. The seller's home is essentially marketed in cyberspace (i.e. cyberspace home selling) for a specific period of time (or until sold) for this one time flat (or fixed) fee. The Closing Process Explained
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