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 Affordable Housing Promotion Fundraising Real Estate Services Subject Key Concept: Transactions with Virginia Affordable Housing Title Services, LLC raise funds for Virginia Housing Coalition

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

5. Objective #2: IDENTIFY the Benefits to Virginia Housing Coalition 40% of the Title Insurance Fee from each transaction with VAHTS goes to VHC

6. 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. 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 Ensures that all funds are properly transferred and all the parties involved in the transaction meet their financial obligations in the deal

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

11. More Information Website http://www.virginiahousingcoalition.org/support-us/title-company / Call VAHTS Toll Free: 1-800-459-7516 Email the Virginia Housing Coalition: vahousingcoalition@gmail.com