Texans voted to approve Proposition 4, a constitutional amendment that will increase property tax relief for homeowners and non-homesteaded properties, on Nov. 7, 2023. The proposition was based on two bills that were signed by Gov. Abbott in July, after months of negotiations between the House and the Senate. The proposition will: Raise the general […]
AUSTIN, Texas — The Texas Senate and House reached an agreement on a historic $18 billion property tax cut. Texas Lt. Gov. Dan Patrick and House Speaker Dade Phelan issued a joint statement to announce the agreement on the proposed legislation that will be “the biggest property tax cut in Texas history.” Phelan thanked Patrick, as well […]
As a homeowner in Texas, you may have noticed an increase in your property taxes in recent years. While property taxes play an essential role in funding local government services such as schools and public safety, it can be frustrating to see your tax bill go up without any explanation. Fortunately, there is a solution: […]
Texans may soon experience the most substantial property tax cut in state history, thanks to recent legislative efforts. Governor Greg Abbott has prioritized it, and both the Senate and House have proposed ideas on how to achieve it. The Senate has passed a set of bills that would reduce property taxes by $16.5 billion, while […]
FOR IMMEDIATE RELEASE Texan Title Insurance Company is pleased to announce the hiring of Mike Karger as Underwriting Counsel. Mike brings nearly 50 years of industry experience and a proven track record of success in underwriting and risk management. In this role, Mike will bolster an already stellar underwriting department including Mark Baldwin and Bruce […]
Texan Title Insurance Company is excited to announce Lori Cordell has been hired as Vice President/Agency Consultant with TTIC. Lori has built her title career spanning over two decades. “We are excited to have Lori join our agency team. Lori’s extensive experience will expand our ability to support our agents. With Lori being in the […]
DATE: June 1, 2022 TO: AGENTS OF TEXAN TITLE INSURANCE COMPANY FROM: TEXAN TITLE INSURANCE COMPANY UNDERWRITING COUNSEL RE: AGENT’S REQUEST FOR AUTHORIZATION (OVERLIMITS FORM) ________________________________________ Attached is the current version of the TTIC “Agent’s Request for Authorization” form, commonly known as the “Overlimits” form. Please delete any prior version of the form which is […]
DATE: June 1, 2022 TO: AGENTS OF TEXAN TITLE INSURANCE COMPANY FROM: TEXAN TITLE INSURANCE COMPANY UNDERWRITING COUNSEL RE: MV Realty, LLC ________________________________________ Please be alert for filings by a company known as MV Realty of Texas LLC. The document in question may be titled “Memorandum of MVR Homeowner Benefit Agreement.” A copy of a […]
DATE: June 1, 2022 TO: AGENTS OF TEXAN TITLE INSURANCE COMPANY FROM: TEXAN TITLE INSURANCE COMPANY UNDERWRITING COUNSEL RE: USE OF R-18; INSURING PERMANENT CONSTRUCTION LOANS ________________________________________ There is a specific rate rule (R-18) which applies to insuring a permanent construction loan when a LP was issued insuring the interim construction loan. The permanent LP […]
Date: June 1, 2022 To: AGENTS OF TEXAN TITLE INSURANCE COMPANY From: TEXAN TITLE INSURANCE COMPANY UNDERWRITING COUNSEL RE: DEEDS INTO AND FROM TRUSTS ________________________________________ A trust is not a legal entity. In order to convey or take title a trust must act by and through its trustee(s). Recent court decisions have addressed the consequences […]
