prorated property taxes

Learn more about prorated property taxes.

If you are buying or selling a home, you will need to make an adjustment for the property taxes. This adjustment is known as prorated property taxes. Prorated property taxes are taxes that are prorated to cover the tax bill on the property you are buying or selling from the time the sale papers are signed until the time you take possession of your new home. The prorated property taxes will be paid by one or the other parties before the completion of the sale of the property. So be aware that when you buy or sell a house, there will be prorated property taxes that need to be paid.

Title Insurance protects you against past claims and title faults. Why do homeowners need title insurance? Because any home, no matter how new or apparently secure, is built on land that has, undoubtedly, had many owners. If a claim is made against your title as covered by your policy, we protect you by, defending your title, in court if necessary, at our expense or we will bear the cost of settling the claim, if it proves to be valid, in order to perfect your title and keep you in possession of the property. Real estate is such a basic form of wealth that there are many special laws that protect ownership of land and the buildings that are built on it. Southwest Title Company has a loan service department to facilitate payments on transactions such as, but not limited to Notes secured by Deed of Trust, Notes secured by UCC Financing, Contract of Sale, AITD, Lease Options, Rental Agreements and HOA accounts payable and receivable. Your original premium amount is your only cost as long as you own the property and you will be protected against any unexpected claim covered by your policy. Why do homeowners need title insurance? Because any home, no matter how new or apparently secure, is built on land that has, undoubtedly, had many owners. Whenever, you buy property, the owner who is selling it to you has rights, as do their family and heirs. Your title insurance policy is your shield of protection and will defend your ownership against loss. Southwest Title Company has a loan service department to facilitate payments on transactions such as, but not limited to Notes secured by Deed of Trust, Notes secured by UCC Financing, Contract of Sale, AITD, Lease Options, Rental Agreements and HOA accounts payable and receivable. Southwest Title Company is appointed by the payee and payor to act as servicing agent for the receipt and disbursement of payments and the holding of original documents. Title Insurance protects you against past claims and title faults. As your title company, Southwest Title will perform a title search and uncover any unpaid taxes, mortgages, judgments against current and previous owners, easements and other court actions or recorded documents which can affect the title of the property.

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Las Vegas, NV 89123

Phone: 702/ 838.0300
Fax: 702/ 939.7596

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Southwest Title, a full service Title Insurance firm, offering escrow services on virtually all types of transactions, including commercial, business sales (bulk sales), refinance, standard resale, contracts of sale, and all-inclusive trust deeds.

 

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