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COMMITTED TO BUILDING LASTING CUSTOMER RELATIONSHIPS

PRINCIPAL RESIDENCE EXEMPTION DEADLINE EXTENSION

by First Centennial Title Agency | Jun 26, 2020 | Industry News, Uncategorized

Public Act 96 of 2020 was signed into law on June 24, 2020, which amended section 211.7cc of Public Act 206 of 1893, the General Property Tax Act. The act changed the date by which a principal residence exemption may be claimed for the 2020 summer tax levy in the 2020 tax year. For the 2020 tax year only, the deadline for a property owner to claim a principal residence exemption by filing a “Principal Residence Exemption (PRE) Affidavit” (Form 2368) for the 2020 tax levy is extended from June 1 to June 30. As a result, for the 2020 tax year only, property owners that occupy an eligible property on or before June 30, 2020, may qualify for the principal residence exemption beginning with the 2020 summer tax levy and all subsequent tax levies for which eligibility is maintained by filing Form 2368 on or before June 30, 2020 with the local tax collecting unit in which the property is located.

Treasury staff is available to assist and answer questions regarding this Act or other PRE-related questions. The following are key contacts:

PRE Unit Phone Number: (517) 335-7487
PRE Unit Website: michigan.gov/pre
PRE Unit E-mail Address: PRE@michigan.gov

ALTA Survey: Digital Closings/COVID-19

by First Centennial Title Agency | May 28, 2020 | Industry News

Considered ‘Essential Businesses’ by U.S. Department of Homeland Security, Most Settlement Companies Remain Open During Health Crisis

Title and settlement companies across the country have implemented new processes including digital closings to help consumers complete their real estate and mortgage transactions, according to a survey conducted by the American Land Title Association (ALTA).

In April, ALTA surveyed title professionals to better understand how the COVID-19 crisis has affected business and employee practices. Nearly 400 title and settlement companies participated in the survey.

READ THE FULL ARTICLE HERE:

https://blog.alta.org/2020/05/alta-survey-nearly-40-percent-of-title-agencies-offering-versions-of-digital-closings-during-covid-1.html

First Centennial Title & TitleCapture!

by First Centennial Title Agency | May 27, 2020 | TitleCapture

We are excited to announce we are now offering TitleCapture to our agents! This is by far the BEST Seller Net Sheet platform available!

TitleCapture is one of the key technology companies in the US real-estate / settlement industry. Agents can quote rates and fees, directly on their websites and complete Seller Net Sheets. There is so much that this platform offers! Check it out!! Sign up and let us know what you think!

Click on ‘GET A QUOTE’ widget in the bottom right hand side of any page on our website.