Meet our Coeur d’Alene, ID Branch

To understand the magic of Coeur d’Alene, one must visit the eclectic Northern Idaho city. Surrounded by dozens of lakes created from ice-age glaciers, Coeur d’Alene offers a plethora of recreational activities for any season – as well as jaw-dropping sunsets.

Alliance Title’s Coeur d’Alene branch sits across Riverstone Park and is a skip away from Lake Coeur d’Alene.

The team is heavily involved in community activities and events – they support St. Vinny’s each year with their concert event in the park, Coeur d’Alene’s local college NIC, as well as supporting CASA, the Women’s Shelter, Children’s Village, Boots and Socks through Windermere, Coeur d’Alene Association of Realtors, the local police and fire department, and the Post Falls Chamber of Commerce.

The CDA branch has an incredible group of professionals who desire to help and go above what is required for their customer base. With a combined work experience of 305 years in the industry, accuracy and a timely nature come naturally to this crew.

Each October, the team hosts an Open House that the community is invited to. With a turnout of 250 guests this past October, the CDA branch was especially appreciative of their guests and clients who participated in games, danced to live music, and ate delicious catered barbeque.

When they aren’t hard at work, each employee finds time to relax and unwind. From Noodling – catching large fish with bare hands – to tight wire walking, attending mosh pits at rock concerts, acing spelling bee contests, and powerlifting, this team includes quite the adventure seekers!

Whether you’re buying or selling commercial or residential property in Kootenai County, the professionals at Alliance Title’s Coeur d’Alene location are excited to help make your next transaction a success!

Alliance Title – Coeur d’Alene
2157 N Main St., 83814
208.667.3402

And the winners are…

Our annual company-wide Steps Challenge has come to a close for 2017. The challenge ran from June 1 until August 31. As an organization, we’ve accrued 69,721,393 steps, which averages out to be 34,860 miles* per person!

 

Congratulations to the 2017 Alliance Steps Challenge winners!

 

Individual average step categories and winners:

15,000 – Loc Lentsch (Parkcenter)

10,000 – Reana Garcia (Meridian)

5,000 – Michelle Mays (Coeur d’Alene)

 

Branch winner: Coeur d’Alene

With Meridian and Blackfoot in 2nd and 3rd place respectively.

 

Congratulations to this year’s winners and thank you to everyone who participated!

 

*Approximately 2000 steps equals 1 mile

#wellness #challenge #exercise #alliancetitle #title #escrow

Why 20% of Homebuyers May Not Sleep Tonight

Each year, approximately 20% of homebuyers fail to protect themselves by not getting owner’s title insurance. Unfortunately, this leaves them exposed to serious financial risk – causing endless worry and regret.

If you’re thinking of buying a home, here’s what you need to know to protect yourself and your property rights, so you can rest assured once you’ve purchased your home.

Looking for Potential Threats

During the home-closing process, your title professional will help transition the home from the seller to you, the homebuyer, by examining public records. Generally, if a problem is discovered, the title professional works to resolve them before you purchase the home.

However, even after a title search is performed and you purchase your home, problems could arise that threaten your ownership rights. Examples include:

  • Undiscovered tax liens
  • Forged signatures in the chain of title
  • Recording errors
  • Undisclosed easements
  • Title claims by missing heirs* or ex-spouses

Getting owner’s title insurance protects your property rights from threats like these. Here’s a real-life example of how it works.

True Story

A family in Missouri unknowingly purchased their home from a seller who had taken out a separate $419,000 loan on the property. But this fact was not discovered during the closing process, and the family’s lender paid the seller directly instead of paying off the existing loan.

Soon, the family faced foreclosure because someone else had claim against their title. Fortunately, the family had owner’s title insurance. So the title company paid the debt and the family kept their home – and peace of mind.

This story has a positive ending, but without owner’s title insurance, the family could have faced serious costs, and even eviction.

Protect Yourself

There are two types of insurance: lender’s title insurance and owner’s title insurance.

Lender’s title insurance is required by most lenders and banks because it protects their loan investment. Usually, you purchase this policy as the homebuyer. If you only have a lender’s policy, where the outstanding loan is covered, your equity is not protected. Therefore, you could have your property rights taken away if someone else has claim to your home.

Owner’s title insurance is the policy that protects your property rights from legal and financial threats like those mentioned in the story you just read. That’s why millions of homebuyers each year make the smart decision to get owner’s title insurance. It’s a low, one-time fee that provides the peace of mind that every homebuyer deserves, for as long as you or your family* own your home. In many areas, the seller purchases the policy for you. Ask your Alliance Title professional how it’s handled in your area.

Support and Free Information

To buy your home with confidence, you need to work with a trusted title professional. Alliance Title has experts who will help you throughout the home closing process. They will also advise you on how to protect your property rights and avoid costly problems by getting owner’s title insurance. For more information, contact your local Alliance Title representative.

*Actual coverages may vary by state, company or locality. For exact term, conditions, exclusions, and limitations, contact your local Alliance Title branch.

All publications of the American Land Title Association are copyrighted and are reference herein by specific permission from the American Land Title Association (ALTA). http://www.alta.org/

The Life of Your Title and Escrow Transaction

Before your clients receive the keys to their new home, your title and escrow partner carries out many steps behind the scenes to ensure that the transaction and closing goes smoothly. The following example illustrates what you can expect from the beginning to the end of a typical title and escrow transaction.

Buyer and seller sign the Purchase and Sale Agreement.

Escrow is opened with the title and escrow company and the earnest money is deposited.

Title is opened. The title officer completes the search; examines title; prepares the title commitment; reviews and sends the title commitment to the appropriate parties.

Escrow receives and reviews the title commitment to clear title (obtains payoffs, etc.).

Title provides any additional document copies and provides assistance to escrow in title clearance as needed.

Escrow receives the loan package from lender (if applicable); prepares closing documents and settlement statements and provides documents to all parties to review.

Escrow schedules closing with appropriate parties and conducts the signings with the buyer and seller.

Escrow delivers the executed loan package back to the lender (if applicable). Lender reviews, approves and orders the funding.

Escrow receives funds and instructions to record documents.

Title receives recording package from escrow. Title reviews all recording documents and dates down the title commitment. Title records the necessary documents when given the OK to record.

Escrow disburses the transaction in accordance with instructions and the settlement statement.

Transaction is complete! Title issues the appropriate title policies for the transaction.

If you have questions about your particular transaction or closing, contact your local Alliance Title representative.

How Title Insurance Protects All Homebuyers

Whether you’re purchasing a new or existing home, or refinancing, title insurance protects you against any problems affecting the title to your home.

The Basics

There are two types of title insurance: the owner’s policy and the lender’s policy. The owner’s policy protects your property rights as the homebuyer, whereas the lender’s policy insures the financial investment of the bank or lender. If someone else claims ownership of your property, title insurance typically defends you legally and financially.

Common Risks

Here are some examples of problems with title:

  • Liens against the property that serve as security for the payment of an obligation (e.g. mortgage liens, judgment liens for unpaid court judgments, federal tax liens, state and local liens for failure to pay real estate taxes or assessments, mechanic’s liens to secure payment for property improvements, liens for recovery of child support payments or, as in New York City, for unpaid parking tickets).
  • Easements that have been created by contract or arisen through use or adverse prescription (e.g. rights of way for utilities, rights acquired by neighbors because of a fence encroachment).
  • Building or use restrictions contained in recorded plats, agreements or deeds.
  • Claims arising out of bankruptcy.

These are just some of the many reasons why getting owner’s title insurance is crucial when buying or refinancing a home. It gives you peace of mind that your property rights are protected.

Refinancing?

When you refinance, you are obtaining a new loan, even if you stay with your original lender. Lenders will usually require a new title search and lender’s policy to protect their investment in the property. Fortunately, homeowners don’t need to purchase a new owner’s policy – the one you bought at closing is good for as long as you or your family own the property. However, you may want to contact an Alliance Title branch to update your policy to reflect changes in your life.

Enduring Value

Owner’s title insurance is a low, one-time fee based on the value of your home. For example, the typical owner’s title insurance policy costs an average of 0.5% of a home’s purchase price. With a home being one of the largest investments you’ll ever make, it’s clear why getting owner’s title insurance is such a smart way to give yourself peace of mind.

More Homebuyer Tips & Information

The American Land Title Association helps educate homebuyers like you about title insurance so that you can protect your property rights. Check out http://www.homeclosing101.org/ to learn more about title insurance and the home closing process, or visit our blog for informative materials about title insurance (available in English and Spanish).

All publications of the American Land Title Association are copyrighted and are reference herein by specific permission from the American Land Title Association (ALTA). http://www.alta.org/

Your Confidence Matters

Owner’s title insurance is one item that is often misunderstood by homebuyers at closing. Alliance Title has the resources you need to educate your clients about its value early in the home buying process.

Informative flyers are available here on our blog in English or Spanish:

  • Homebuyers Guide
  • 7 Reasons Why Every Homebuyer Needs Owner’s Title Insurance
  • What Every Realtor Should Know About Owner’s Title Insurance
  • Eight Steps to Buying Your Home with Confidence
  • Homebuyer Generations
  • Homebuyer Force Field
  • Homebuyer Blueprint

Do you need additional information or resources? Visit homeclosing101.org or contact one of our friendly professionals at a location near you.

When you’re ready to talk title insurance with your clients, rely on your trusted title experts at Alliance Title.

Source: American Land Title Association (ALTA) Homebuyer Outreach Program (HOP)

Understanding Property Tax Prorations

Through the process of a closing, your Alliance Title escrow officer will prorate property taxes to the date of the closing. Typically, the seller pays the property taxes for each day they own the home during the tax year. The buyer will then pay the property taxes for each day they own the home for the remainder of the tax year. Your escrow officer will make sure these tax prorations are properly calculated.

Property tax year and property tax installment dates vary from state to state, so it’s important to know how tax prorations are calculated in the state(s) where you conduct real estate transactions. The following are the property tax year and property tax installment dates for the states Alliance Title serves:

  • Idaho – The property tax year is January 1st through December 31st. The first half of property taxes become due on December 20th and the second half of property taxes become due on June 20th of the following year.
  • Montana – The property tax year is January 1st through December 31st. The first half of property taxes become due on December 1st and the second half of property taxes become due on June 1st of the following year.
  • Washington – The property tax year is January 1st through December 31st. Property taxes become due on April 30th and October 31st of each year.

The following is a demonstration on how a tax proration would be calculated in the State of Idaho for a closing date of March 15th.

Annual tax bill is $1,200 (January 1st through December 31st)

$1,200 divided by 365 days = $3.2877 per day

January 1st through March 15th = 74 days

74 x $3.2877 = $243.29, which is charged to the seller and credited to the buyer

In this scenario, the seller would be responsible for the property taxes from January 1st to the closing date. The buyer would be responsible for the taxes from the closing date through December 31st.

If you would like more information about tax proration calculations or to inquire about a specific transaction, contact your local Alliance Title representative.

Marketing Tips to Attract Millennial Homebuyers

For the fourth-consecutive year, millennials have dominated the share of homebuyers in the housing market. This demographic has a strong interest in homeownership, and experts anticipate the number of millennials entering the housing market to continue growing. As a real estate professional, how do you position yourself to attract these potential clients?

RISMedia.com shares 3 tips you can begin using now to get your brand out in front of millennials to start winning them over. From gaining positive client reviews on Yelp to building your online presence, RISMedia touches on what millennials expect from real estate professionals and where they are looking. Read more at http://bit.ly/2qcoe03.

Meet Our Meridian, Idaho Branch

Back row, left to right: Kelsey Wartman, Sheila Jamison, Ben Thomas, Bret Cherry, Michelle Turner & Erica Lawrence. Front row, left to right: Kauri Moll, Reana Garcia, Jessica Lins & Brittany Guettermann.


 

In every sense of the word, Alliance Title’s Meridian branch is a team. Making sure that their clients’ needs are always met is important to each of them, so when one of them needs help, everyone steps up to lend a hand. In addition to their effective teamwork, the Meridian team shares 128 years of combined title and escrow experience, which affords their clients outstanding and consistent customer care.

The Meridian team loves the community they serve, and giving back is one of the ways they show their gratitude for the support and loyalty they receive. Anytime they host an event, whether it is an open house or a charitable poker tournament, the proceeds they collect benefit the Boys and Girls Club of Ada County. Several of the team members have even volunteered at the non-profit’s facility in Meridian.

Another way this team supports their community is by participating in Alliance Title’s annual companywide food drive. During the month of October, the Meridian team collects food donations at their office to benefit The Idaho Foodbank. They also host a bowling tournament with a raffle to boost their donations.

Many of their clients support the same philanthropic organizations as the Meridian team. Not only do they enjoy working with their clients at the closing table, but they feel it is an honor to work beside them within the community. Whether it’s when their clients show up to their bowling tournament or members of the Meridian team showing up at their clients’ silent auctions, they love partnering to make their community even better!

For some of our team members, serving extends beyond the office and even the city limits. Several members of the Meridian team have immediate family members who have served in the military. Among them are Sheila Jamison’s son and Brittany Guetterman’s husband.

When they aren’t working hard in the office or making a difference in their city, all of Meridian’s team members enjoy spending time in the great outdoors. From fly fishing to camping to hiking and biking, the Meridian team can be found outside taking in all that Idaho has to offer. In fact, the team had their first annual rafting trip together in 2016. With a few other Alliance Title employees from the Boise Valley, the team came together on a Saturday for a half day trip down the Payette River. They all enjoyed the experience so much that they decided to make it a yearly excursion.

The Meridian, Idaho branch welcomes the opportunity to provide title and escrow services for your next real estate transaction!

Phone: 208-846-8558

Fax: 208-855-9688

Email: meridian@alliancetitle.com

Address: 2965 E Tarpon Dr., Ste. 180, Meridian, ID 83642

Did you know that 96%* of our customers rated their overall closing experience with us as good or excellent?

Here is what else our customers are saying…

Great experience with Alliance. – Darrell & Ardis C.

The closing process was a fun experience. Thanks for having confidence in me. – Marie P.

Great experience! Great closing with the Vice President and Manager in your Pocatello office! – Roger R.

This was a challenge closing because of a change in lenders, an additional buyer was added, remote signing, etc., but Alliance Title hung in there with us all! Thanks! – G. & Joyce M.

Everyone at Alliance was nice and got me through without problems, which was great! I appreciated Kauri Moll’s help immensely. She was very knowledgeable and made the whole process much easier. – Dariush H.

Very good experience. Top notch every step of the way. Couldn’t be more satisfied. – Brent & Laura K.

Pam Pearson was an absolute delight to work with! She answered all of our questions thoroughly and professionally and even provided information we hadn’t thought to ask. Very pleased with the experience. – David & Teri L.

Thanks for an awesome experience! – Shane & Danielle M.

Thanks for your help with our transaction. The staff was very personable, professional, and helpful. We hope to use you folks again in a few weeks when our house sells. – Rickey & Lisa L.

*Based on customer satisfaction survey responses.