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Mineral Coverages in Texas Title Policies after November 1, 2009

Effective November 1, 2009, the Texas Department of Insurance adopted rule changes concerning the coverage of mineral interests in title insurance policies. The new rules permit title policies to contain general mineral exceptions, thus potentially freeing title companies from the burden of examining the chain of title to find mineral …

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Changes to Homebuyer Tax Credits and Title Insurance Mineral Coverage

The tax credit for first-time homebuyers has been expanded and extended by the Worker, Homeownership and Business Assistance Act of 2009 (the “Act”). The tax credit was to apply only to sales to first-time homebuyers that closed on or before November 30, 2009. Now it applies to sales to first-time …

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