“…in this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin The IRS has a wide variety of tools available to collect on tax debts and is certainly not afraid to use them. The tool we commonly come across in the real estate closing and title insurance industry is [...]
The 1031 Exchange is a commonly used tax benefit in real estate investments. In a nutshell, a 1031 Exchange allows real estate investors to delay paying capital gains taxes on the sale of an investment property when they roll the proceeds of that sale into a new investment property of like kind that is [...]
The Complete Guide to Marketing your Title Company This article is intended to provide value, without the fluff. As a marketing consultant, my job is to identify the marketing avenues that would benefit the client. In this case, the client is a small title company. MITCHELL SULLIVAN msullivan@snapclose.com LET’S GET STARTED! [...]
Thinking of opening your own Title Agency? Perhaps you are feeling the optimism of a stable and prosperous market, or maybe you are just tired of working for someone else. If so, it may be time to make the move to becoming your own boss and opening your own title company. While the most [...]
After 10+ years, support for Windows 7 and Windows Server 2008 R2 ended on January 14, 2020. If you continue to use Windows 7 or Windows Server 2008 R2 after support has ended, your PC or server will still work, but it will become more vulnerable to security risks and viruses because you will [...]
According to the FBI, Americans lost nearly $150 million to real estate scams in 2018. (Forbes). Here are four of the most common real estate scams: Loan Flipping Foreclosure Relief Rental Scams Escrow Wire Fraud In this article, we’ll focus on Escrow Wire Fraud. First, what is Escrow [...]
As I sat down to write this article, I promised myself to not mention the word(s) ‘COVID-19’, but I couldn’t help it. The virus has put a magnifying glass on the need for technology in our daily working lives. And as of this present moment, for many of us, COVID-19 has changed not only [...]
With refinances flooding our industry like a springtime deluge, we are getting a lot of questions about “reissue rates” and “substitution rates” (also sometimes generally referred to as the “refinance rates”). In some locales, the lenders sending refinance orders are beginning to expect the title insurance agents to automatically apply the discount, whether it [...]
Welcome to SnapClose 101 (the basics) - Questions to Ask During the Home Closing Process. We don’t all have the time to read a lengthy article that doesn't get straight to the point. That's why we’re putting together these quick tips which will be relevant, actionable, and timely. Got some questions you think should [...]
The coronavirus pandemic has pointed out flaws in many of our current systems – including in the way we record public information. Submitters of land records, including lenders, title companies, and law firms who previously made their way physically down to a courthouse, are now no longer able to do so because of many [...]
