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How to Choose a Title Company

I was just reading an agent's response to how to choose a title company on Zillow that made my toes curl. One idea even included checking the Yellow Pages! Yellow pages? Seriously? 

Just an FYI, your title company is providing you insurance on the title to your home or commercial building. I would imagine you would want them financially strong enough and efficient not to default on paying your claim should it come to that, or screwing up your vesting, or recording the wrong documents. Any of the aforementioned maladies could expose you to a scenario like someone knocking on your door, telling you that they own your home that you've been paying on, and to please move out quietly, or there will be trouble. The American Land Title Association (ALTA) offers guidelines

First American, Fidelity National and LandAmerica are the three largest financially. Many escrow and real estate agents have working relationships with these companies through reps that call on their local businesses. The financial strength of the big three makes them big targets for law suits, so you best believe their research and contracts are tight. 

The key is finding a good title officer that works for one of these larger firms or one of their affiliates.  An escrow company would be the best place to look for a title company referral. The good ones do thousands of real estate transactions per month, and know who the good reps are and how to reach them. Most real estate agents aren't close enough to a volume of closings to know, or form their opinion on a closing that missed a Friday 5pm deadline that had nothing to do with the company or the rep, but the lender wiring funds on time. Escrow officers have the inside scoop.  

Let me know if I can help.

Frank Codispoti, Realtor
REMAX TerraSol
714-584-5509

Looking for real estate services? If you, or a friend or relative is looking for a new home, commercial building or lease, have them give me a call at (714) 584-5509, or send me an email at frank@resusa.org. There are a variety of listed and unlisted opportunities for investors and first time home buyers alike. Let me know how I can help. 

Trendsetting Colors of 2016

Color plays a crucial role in your home's interior. Thankfully it's one of the easiest design elements to change, particularly if you select appliances and other permanent fixtures in classic hues. Is 2016 the year you repaint a few rooms? Here's a look at the latest color trends, as well as tips on how to incorporate them into your home. 

The Non-Color
Benjamin Moore's color of the year is white, or Simply White (OC-117) to be exact. This popular neutral can be tough to pull off, especially with hundreds of variations to choose from, many of which have blue, gray or even pink undertones.
Give your kitchen a fresh look by painting upper cabinets white and bottom cabinets a darker or more colorful hue. Or put together a serene all-white bedroom with contrasting textures like natural woods and linens against sleek ceramic or stone.
Pretty Pastels
Color expert Pantone includes pastels in the 2016 interior design color trend forecast. The Ephemera palette, one of nine highlighted color sets, includes soft hues like Tender Yellow, Wan Blue and Pale Peach.
Nervous about using pastels at home? First consider the natural light in the room throughout the day. South-facing rooms bring in bright midday light that heightens both warm and cool colors. West-facing rooms receive a warm evening light, while east-facing rooms have a bluish tint later in the day. Avoid using the same hue as the incoming light; no soft blue in an east-facing room, for instance.
Night Tones
Paint company Akzo Nobel is highlighting the night in response to growing research about the effects of light pollution. The new interest in darkness translates into colors like deep purple or midnight blue -- hues that mimic the tones of both dusk and dawn.
The bedroom is a great place for dramatic color. Incorporate lighter shades of your main hue for depth, bring in touches of white for contrast, and include a heavy dose of gold to evoke the light of the "golden hour" before dusk and after dawn.
Looking for real estate services? If you, or a friend or relative is looking for a new home, commercial building or lease, have them give me a call at (714) 584-5509, or send me an email at frank@resusa.org. There are a variety of listed and unlisted opportunities for investors and first time home buyers alike. Let me know how I can help. 

10 ESSENTIAL HOME SECURITY HACKS

The bungling burglars from Home Alone may have seemed like idiots for being so easily foiled by a bratty 8-year-old boy, but when it comes to home safety during the holidays, they’re much more realistic than Kevin and his swinging-paint-can defense.
That being said, according to statistics from the FBI, there were an estimated 1,729,806 burglaries in 2014. On the positive side, the U.S. Department of Justice studied the numbers too, finding that household burglary rates are surprisingly lower in winter and higher in summer.
No matter what time of year, you probably aren’t keen on leaving a kid behind to defend the old homestead. And once that sense of security is shattered, you might be prompted to make an expensive decision — such as adding your home listing to the real estate scene just to give yourself some peace of mind.
Before you take serious action, put these 10 holiday safety tips to work and make your home less of a target this holiday season — or any season.
1. Beef up security systems
Sure, you’ve set the alarm and have motion-activated lights outside, but there are some additional things you should consider doing to fortify your home. For instance, install a heavy-duty lock strike plate on your door; it’s the weakest part and where thieves may try to break in. You can also add sash pins to double-hung windows to make them more secure.
2. Look as though you live there when you’re out of town
If you live where the grass is still growing, be sure to mow it before you leave so your home looks well taken care of. Expecting a big snow? Have someone on retainer to shovel your walk and driveway for the same reason.
3. Windows + extension cords = bad
Who doesn’t love twinkly lights? But if you want to bring a touch of Clark Griswold to your home, be sure you aren’t running electrical extension cords through your windows. If they don’t close and latch, you’re sending burglars an invitation to invade.
4. Don’t fall for door-to-door solicitations
A common way to scope out what kind of goodies you have in your home is by posing as a charity asking for donations. If someone comes to your door, don’t open it, or ask for an ID that links them to the charity — and don’t let them see inside.
5. Use the latest tech
Take advantage of a devices like FakeTV, which mimics the flickering light of a TV to make it look as though you are home, or simple lamp timers that can turn appliances like radios and TVs off and on to simulate your presence. You can also buy Wi-Fi- or IP/Internet connected plug-in devices that allow you to turn lights on and off remotely with your cellphone.
6. At Christmas time, keep your tree out of public sight
The Christmas tree in front of the window looks lovely, all piled with presents for thieves to see — and take. Either keep your tree away from prying eyes or wait until Christmas Eve to put out your presents.
7. Do your packing out of sight
Heading out to the river, or Las Vegas?  Make sure you pack the car and any toys you plan to bring on the trip discretely. Nothing says rob me more than someone loading their car for a long term trip in the street in front of their house.  
8. Be smart about boxes
Don’t leave deliveries on your front porch, or empty boxes on the curb for everyone to see. Ask the delivery service to place your shipments at the rear door. Break down the empty boxes, turn them inside out, and put them in your container on the day trash is picked up. 
9. Make a record of expensive items
Got some big-ticket items at home? Collections, or firearms? It’s a good idea to take a picture of anything pricey, and even jot down the serial number. Should the worst happen, you will have a record of what was taken — or at the very least, a handy reminder of exactly how much you should be insuring yourself for.
10. Don’t publicize your vacation plans
It’s hard to fight the allure of Facebook and Instagram. But it’s probably not the best idea to share your travel plans with your 500 closest friends online. Your Facebook profile might not be as private as you think — and it’s better not to take the risk. Make sure your posts during your trip are only distributed to friends or family. 
Looking for real estate services? If you, or a friend or relative is looking for a new home, commercial building or lease, have them give me a call at (714) 584-5509, or send me an email at frank@resusa.org. There are a variety of listed and unlisted opportunities for investors and first time home buyers alike. Let me know how I can help. 

CNBC Explores U.S. Housing in 2016

In Conversation with Marcus & Millichap’s Hessam Nadji they discuss the following:

 Top housing markets for 2016
 Emerging and recovery markets – where investors can find opportunity
 Increased housing construction still falling short of demand
 Low energy prices offer housing a boost
CLICK HERE for the video.

Looking for a new home? If you or a friend or relative is looking for a new home, have them contact me at 714-584-5509. I can help you sell your current home and find the perfect new home. 

2016 Real Estate Market Forecast


With the New Year here, many organizations and companies are forecasting how the housing market will perform in 2016. Here are a few predictions.
  • Realtor.com believes that 30-year mortgage rates will increase to 4.65% and national housing prices will rise 3% (compared with 6% in 2015).
  • According to the Mortgage Bankers Association, new loan originations will jump to$905 billion – up from $821 billion this year.
  • The American Institute of Architects is predicting that home improvement projects will likely hit a new high, exceeding the record $325 billion set in 2015.
  • BofA Merrill Lynch Global Research expects housing starts to reach 1.275 million.
  • According to TransUnion, the mortgage loan serious delinquency rate (defined by the company as ‘the ratio of borrowers 60 or more days past due’) will slide from its current 2.5% to 2.06%.
While the predictions vary, the consensus is that 2016 will be another strong year for the housing market. Please contact me if you need assistance.

Looking for a new home? If you or a friend or relative is looking for a new home, have them contact me. I can help you sell your current home and find the perfect new home. Complete the Client Registration form to receive daily listings by email that match your specific search criteria.

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