WHAT IS the SMALL GUARANTY FEE?
You see it on your closing statement & has just gone up to $5. Regulated by the Texas Title
Guaranty Association, is used to pay claims resulting from shortages in the trust funds or escrow
accounts of an involvent title agency, certain expenses of receivers & the expenses of the Texas
Department of Insurance title examiners. Small fee, but they add up at closing! WINDOW IS CLOSING FOR THE $8,000 TAX CREDIT BY NOVEMBER 30, 2009, unless Congress extends it, but
so far has not. Almost too late to find a piece of property, get the contract completed, get to
your lender & get it closed. Remember Thanksgiving is on Thursday & the 30th is the next Monday.
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