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Hi. Sheli helped us with our short sale on our home she helped us originally purchase. She made this long, tedious process bearable. During our short sale in the middle of the process our loan was sold to a different lender. She took he reigns and tackled everything for us. Oh, by the way we moved to the east coast after our home sold in 1 week. She made it as seamless as possible. We were ready to give up a couple of times but, after speaking with her, she made us comfortable with our original decision. Sheli has become a dear friend. If I ever return to AZ and need any real estate services. She is my choice. I highly recommend her to anyone. Marisa and Jason
Sheili helped us buy our house here in Buckeye almost 5 years ago when we were out of state. She was always in contact with us through the whole sale process and even there for the signing of our papers to make sure we understood everything we signed. She even went to the design center with us to help us chose the right things for our new home to keep our payments down. She has still stayed in touch with us to see if there is anything or any question we might have. She was even able to find my brother and sister in law a home out here from Calif. and they are happy with Sheli as well and recommend her to their friends. I can't say enough to convey how we feel about Sheli, she's the best of the best. Mary Ann Duran
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Title Insurance - Where Does Your Dollar Go?

Title Insurance: As a homebuyer, the term is probably familiar - but is it understood? What is your dollar actually paying for when you purchase a title policy?

Title Insurers, unlike property or casualty insurance companies, operate under the theory of risk elimination. Title companies spend a high percentage of their operating income each year collecting, storing, maintaining and analyzing official records for information that affects title to real property. Their technical experts are trained to identify the rights others may have in your property, such as recorded liens, legal actions, disputed interests, rights of way or other encumbrances on your title. Before closing your transaction, the title company will proceed to clear those encumbrances which you do not wish to assume.

This theory is different from that of most other insurance where, for example, rates and anticipated losses are based on actuarial studies and premiums are pooled on the assumption that a certain number of claims will be made. The distinction is important: title insurance premiums are paid to identify and eliminate potential risks and claims before they happen. Medical and casualty insurance premiums, for example, are paid to insure against an unpredictable future event, knowing that risks exist and claims will occur. Furthermore, title insurance involves a one-time premium, paid when you close the real estate transaction, while property, casualty and medical insurance require regular renewal premiums.

The goal of title companies is to conduct such a thorough search and evaluation of public records that no claims will ever arise. Of course, this is impossible -- we live in an imperfect world, where human error and changing legal interpretations make 100% risk elimination impossible. When claims arise, professional claims personnel are assigned to handle them according to the terms of the title insurance policy.

As in all competitive business environments, rates vary from company to company, so you should make comparisons before deciding on a particular title company. Your real estate professional can help you do this. In addition, there are many helpful customer services provided by title companies which you and your real estate professional may find helpful to your transaction.

The issuance of a title insurance policy is highly labor-intensive. It is based upon the maintenance of a title plant, or library of title records, in many cases dating back over a hundred years. Each day, recorded documents affecting real property and property owners are posted to these title plants so that when a title search on a particular parcel is requested, the information is already organized for rapid and accurate retrieval. This investment in skilled personnel and advanced data processing represents a major part of the title insurance premium dollar.

Article by CLTA

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