?As the year comes to an end, and everyone travels home for the holidays, we think ? ?about what we are grateful for. Our relationship with you is something we treasure and value. Thank you for the incredible opportunity to help service your needs. We wish you a very happy holiday and look forward to seeing and hearing from you in the New Year!

Contact Acuity National Real Estate Solutions, LLC today at (502) 238-7500. We provide our clients the best of both worlds?old-fashioned professional excellence supplemented by the cutting edge technology necessary for an optimized process and smooth, speedy transactions. In today?s market, you need an agile title and closing partner that can still keep its feet on the ground. To learn more about Acuity?s services, visit www.ftgclosings.com.

All kinds of questions pour in when it comes to Title Insurance.? The home buying process is complicated enough and little is known about the nuances of Title Insurance.? We have taken some common and not so common questions and relayed the Q & A here.

Undisclosed Water Damage

Q: My husband and I purchased a home four months ago as-is. The sellers? disclosure declared no basement water leakage.? We noticed elevated boards for drying items but were informed they were just a precaution.

The inspector reported the basement was dry and gave the house a passing grade.? He noted to inquire about paint bubbling on the walls and some water stains on the floor.? The seller assured us the disclosure was accurate.? Now, of course there is a water problem.

We discovered this is a common neighborhood problem and looked into remedying the damage with several estimates.? Cost range from $8,500 to $10K.? This sum guarantees a dry basement so that we can finish the surface.

Do we have a case for civil court or small claims proving the disclosure was fraudulent?

A: Sadly, details of home nuances are misrepresented quite often in seller disclosures.? It?s disheartening, but sometimes it?s best to correct the fixes yourself.? The money is costs to hire a defense lawyer many times outweigh the cost to simply repair the item yourself.

Option 1: An alternative is to hire a lawyer to draft a ?threat letter? suggesting you are going to sue if an amiable solution isn?t found.

Option 2: Another option would be to go to Small Claims Court. You may not be able to get all the money back for legal fees and repairs, but some costs may be covered. ?In this case, title insurance does not cover your legal fees since it is not an issue with the home title.

Have any other questions regarding the home buying, selling, or title questions, contact Acuity National Real Estate Solutions, LLC today at (502) 238-7500.? We provide our clients the best of both worlds?old-fashioned professional excellence supplemented by the cutting edge technology necessary for an optimized process and smooth, speedy transactions. In today?s market, you need an agile title and closing partner that can still keep its feet on the ground.

A recent report by Black Knight, a data analysis and financial services firm, headquartered in Jacksonville, FL concludes now may be the best time to refinance.? Interest rates continue at low rates and continue to fall.? Potentially 7.5 million Americans may save a considerable amount of money.

This assessment came to fruition after analyzing data from consumer price index, national equity, as well as U.S. data present in the active mortgage populace.? Recent reductions in the 30-year mortgage interest rate manifest the explanation for why now is the best time to refinance.

Mortgage rates averaged more than four percent earlier in 2014 (a higher rate than in the previous two years); six million borrowers met the criteria for refinancing prior to the drop. That number has now increased by 25 percent, up to 7.4 million. In addition, those approved at rates ranging from 4.2 to 4.5 made a similar decision; the number could rise to as high as 9.1 million.

Black Knight also gave another indication of an improving housing market in mentioning more than half of all borrowers now have 30 percent or more equity in their homes. Such numbers have not been seen in almost eight years, and coincide with a drop of those borrowers with negative equity; a number now 33 percent lower than it was in December 2011.

Recent estimates indicate the home price growth is slowing, thus the market is still attractive for new home buyers who can take advantage of the mortgage rates.? According to Zillow, the home value index was $176,500 in the month of September; the slowest price growth in the past year; although it was 6.5 higher than last year at the same time.? The monthly appreciation in home prices has now reached 28 consecutive months, a span that dates back to May 2012.

Zillow?s chief economist, Dr. Stan Humphries was not surprised at the drop and feels that under normal market conditions, a three percent increase in home prices would help balance the market between buyers and sellers.

Are you ready to take advantage of low interest rates and refinance?? Contact Acuity National Real Estate Solutions, LLC today at (502) 238-7500.? We provide our clients the best of both worlds?old-fashioned professional excellence supplemented by the cutting edge technology necessary for an optimized process and smooth, speedy transactions. In today?s market, you need an agile title and closing partner that can still keep its feet on the ground.