Attorney Opinion Letters vs. Title Insurance Policies
There has been increasing discussion within the real estate community about Attorney Opinion Letters and the potential role they could play in the settlement process. In 2022, Fannie Mae launched a pilot program which allows lenders to use Attorney Opinion Letters (AOLs) in place of certain title insurance requirements. This option is only available in […]
Covenant Has Expanded to the New River Valley!
We are excited to announce that Covenant has recently opened our New River Valley Office at 105 Arbor Drive, Suite 301, Christiansburg, VA! This expansion has been made possible by the newest additions to the Covenant Team – Lori Nolen and Alison Shepperson. Lori will serve as a Closing Officer at our new location and […]
1031 Tax Deferred Exchanges
What is a 1031 Tax Deferred Exchange? A 1031 Tax Deferred Exchange can benefit a taxpayer by offering them savings on taxes. Typically, taxes are due upon the sale of a piece of property. However, Section 1031 of the Internal Revenue Code outlines a process wherein you can sell investment or business property and buy […]
We Have Moved
A few months ago, we packed up our office in Salem and moved in with Brown Edwards, our parent company, at their new Roanoke location. We are now conveniently located at 3906 Electric Road. It has been a great transition for our team and has provided us with more support services to better serve our […]
Inquire Before You Wire
Be on the alert for wire fraud! Parties to real estate transactions are prime targets for fraudsters as they know large sums of money are changing hands. Never rely on an e-mail changing wiring instructions and always call a trusted phone number to confirm wiring instructions.
Do I Need An Owner’s Title Insurance Policy?
Many wonder if title insurance is worth the investment. The short answer: yes! If you’re obtaining a loan, your lender will require you to purchase a title insurance policy to protect their investment in the property. To assure you have similar coverage if discrepancies arise, we strongly recommend you purchase an Owner’s Title Policy as […]
The Current State of Real Estate
If there’s one thing we can all agree on, it’s that the real estate market is crazier than ever. Various industries throughout the U.S. are transforming the way they conduct business. We’re seeing a shift from in-office to remote work, an increased need for single-family rentals, and a rise in the secondary and tertiary suburban […]
Election Musings 2016
November 8, 2016 Election Day 2016. Thank goodness it is finally here. No, not because I am a political wonk, but because I am tired of hearing about it. Regardless of your candidate of choice, I think we all agree that it will be a bit more enjoyable to not be inundated with “coverage” from […]
Thieves, Scammers, and Scaliwags- Oh My!
Thieves have hit the real estate transaction market. Yeah, no surprise there, is it? Given that we are all exposed to some degree in today’s “e”-world, every online interaction we participate in is at risk of being spammed, phished, trolled or spoofed. But, it is easy to not realize how prevalent the risk of identity […]