Title Insurance and Transfer on Death Deeds

People want to avoid probate, to make it as easy and inexpensive as possible to transfer assets to designated beneficiaries after they pass away. For years people have been able to do this with their intangible personal property assets, i.e., bank accounts, retirement accounts, annuities, etc. They designate in writing who inherits the money upon … Continue reading Title Insurance and Transfer on Death Deeds

Priority of Residential Refinance Mortgage Over Subordinate Mortgage

Virginia Code § 55.1-319, entitled “Priority of residential refinance mortgage over subordinate mortgage,” makes refinancing for borrowers who need to subordinate a second or lower priority deed of trust much easier in many cases by eliminating the need for the subordinate deed of trust lender’s review and approval, as well as the execution, delivery and … Continue reading Priority of Residential Refinance Mortgage Over Subordinate Mortgage