1. Virginia Affordable Housing Title Services 101

2. What in the World is ... Virginia Affordable Housing Title Services
(a.k.a. VAHTS)

3. Lesson Plan Key Concept: Subject Transactions with
Affordable Housing Promotion
Fundraising
Real Estate Services
Transactions with
Virginia Affordable Housing Title Services, LLC
raise funds for
Virginia Housing Alliance

4. DESCRIBE Virginia Affordable Housing Title Services, LLC
Objective #1:
DESCRIBE Virginia Affordable Housing Title Services, LLC
Partnership between Stewart Title and VHA
Staffed by Stewart Title
Proceeds benefit VHA

5. Objective #2:
IDENTIFY the Benefits to Virginia Housing Alliance
50% of the Title Insurance Fee from each transaction with VAHTS goes to VHA

6. Title Insurance is required by lenders
BASIC FACT 1
Title Insurance is required by lenders
A Title Insurance Policy protects the lender against financial loss in case there are any unknown title defects

7. BASIC FACT 2
The Fee for a TITLE INSURANCE POLICY is one of your Closing Costs

8. BASIC FACT 3
What does the Title Company do in the Property Closing Process?
Searches public records to make sure there are no problems in the property title’s ownership and history; issues the Title Policy.
Ensures that all funds are properly transferred and all the parties involved in the transaction meet their financial obligations in the deal
Clarifies for the new owner and lenders that there are no liens, claims, easements or restrictions on the property – other than those that have been agreed upon

9. Virginia Affordable Housing Title Services!
BASIC FACT 4
Under Federal Law, the Real Estate Settlement Procedures Act (RESPA), the buyer is permitted to choose the title insurer
Any requirement by seller, real estate agent, mortgage lender, or closing attorney to buy title insurance from a particular company is a violation of RESPA
CHOOSE
Virginia Affordable Housing Title Services!

10. Direct your Closing Attorney to use VAHTS for your next project
HOMEWORK
Get Started!
Direct your Closing Attorney to use VAHTS for your next project

11. More Information Web Address: Call VAHTS Toll Free: 1-800-459-7516
services-llc/
Call VAHTS Toll Free:
the Virginia Housing Alliance: