Express Title & Closing

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🔑 TITLE POLICY SERIES: ALTA 13-06 ENDORSEMENTWe’re wrapping up this week’s series with a policy option most traditional ...
08/28/2026

🔑 TITLE POLICY SERIES: ALTA 13-06 ENDORSEMENT

We’re wrapping up this week’s series with a policy option most traditional homebuyers may never need—but it’s important to understand the difference.

The ALTA 13-06 Endorsement is designed for an insured **leasehold interest**. This means someone has the legal right to use and occupy the property under a lease, while someone else owns the land.

✅ What it does:

• Adds specialized protection for certain covered losses affecting the insured leasehold interest
• Addresses ownership rights created through a lease
• Works with an Owner’s Policy when the transaction involves a qualifying leasehold

⚠️ What homebuyers should know:

A leasehold interest is different from **fee-simple ownership**, where the buyer typically owns both the home and the land. For most traditional residential purchases in East Tennessee, this endorsement would not apply.

The simple takeaway: **Different ownership structures require different title protection.**

At Express Title & Closing, we help identify the type of ownership involved and explain the available policy options before you close.

*Coverage is subject to policy terms, exclusions, exceptions, eligibility and underwriting approval.*

🛡️ TITLE POLICY SERIES: ALTA OWNER’S POLICYYesterday, we explained that a Lender’s Loan Policy protects the lender. Toda...
08/27/2026

🛡️ TITLE POLICY SERIES: ALTA OWNER’S POLICY

Yesterday, we explained that a Lender’s Loan Policy protects the lender. Today, let’s talk about the policy designed to help protect the homebuyer.

An ALTA Owner’s Policy provides protection against covered title problems generally connected to events that occurred before closing—even if the issue is discovered afterward.

✅ What it may protect against:

• Someone else claiming ownership
• Undisclosed liens or assessments
• Forged or improperly signed documents
• Certain fraud or impersonation in the title history
• Recording errors
• Lack of legal access
• Unmarketable title
• Legal defense expenses for a covered claim

🏡 Why it matters:

A title search helps uncover problems before closing, but some hidden issues may not appear in the public records. An Owner’s Policy provides an additional layer of protection for your ownership rights and home equity.

⚠️ What buyers should understand:

An Owner’s Policy does not cover every possible property issue. Coverage is subject to the policy’s terms, exclusions, exceptions and underwriting requirements.

Unlike the lender’s policy, an Owner’s Policy protects the buyer and is purchased with a one-time premium at closing. Coverage generally continues for as long as the insured retains an interest in the property, subject to the policy terms.

The simple takeaway: Your lender protects its loan. An Owner’s Policy helps protect what belongs to you.

Follow Express Title & Closing—next in our series, we’ll explain the broader protection that may be available through an ALTA Homeowner’s Policy.

🏦 TITLE POLICY SERIES: THE LENDER’S LOAN POLICYIf you’re financing a home, your lender will typically require a lender’s...
08/26/2026

🏦 TITLE POLICY SERIES: THE LENDER’S LOAN POLICY

If you’re financing a home, your lender will typically require a lender’s title policy—but who does it actually protect?

The lender’s policy protects the mortgage lender’s financial interest if a covered title problem threatens the validity, priority or enforceability of its loan. Covered risks may include an undisclosed lien, an ownership claim, a forged document or certain recording errors that existed before closing.

✅ What it does:

• Protects the lender’s investment
• Helps protect the mortgage’s position against covered title claims
• Remains tied to the insured loan while it is outstanding

⚠️ What buyers need to understand:

It does not protect your ownership rights, down payment or home equity. It also does not replace an Owner’s Policy. If the loan is paid off or refinanced, the lender’s coverage generally ends.

The simple takeaway: The lender’s policy protects the loan. An Owner’s Policy helps protect you and your ownership.

Follow Express Title & Closing—next in our series, we’ll explain the ALTA Owner’s Policy and the protection it may provide homebuyers.

*Coverage is controlled by the issued policy’s terms, exclusions, exceptions and underwriting requirements.*

🏠 Do you know what your title policy actually protects?This week, Express Title & Closing is breaking down four importan...
08/25/2026

🏠 Do you know what your title policy actually protects?

This week, Express Title & Closing is breaking down four important policy options—one simple post at a time:

🏦 Lender’s Loan Policy — protects the lender’s loan
🛡️ ALTA Owner’s Policy — helps protect the buyer’s ownership
🏡 ALTA Homeowner’s Policy — broader protection for qualifying homeowners
🔑 ALTA 13-06 Endorsement — specialized coverage for a leasehold interest

Follow our page and watch over the next few days as we explain what each option covers, who it protects and why the difference matters before closing.

Which policy would you like us to explain first? Drop your answer below! 👇

🏡 BUYER CAUTION CAN CREATE OPPORTUNITYTri‑Cities buyers are being careful—but they’re still active and gaining negotiati...
08/24/2026

🏡 BUYER CAUTION CAN CREATE OPPORTUNITY

Tri‑Cities buyers are being careful—but they’re still active and gaining negotiating power.

In July, 64.5% of local buyers received a concession at closing, while 37.4% of sales had experienced a price reduction.

That could mean help with closing costs, a rate buydown, repairs or better terms.

You don’t need perfect conditions—you need preparation, good timing and the right team.

Which would help you most: a lower price, paid closing costs, a rate buydown or repairs? 👇

🏡 REALTORS®—where are your Open Houses this weekend?Johnson City, Kingsport, Bristol or somewhere along the East Tenness...
08/21/2026

🏡 REALTORS®—where are your Open Houses this weekend?

Johnson City, Kingsport, Bristol or somewhere along the East Tennessee mountains—we want to see them! Drop the location, time and listing link below. 👇

Buyers, tag someone who should be house hunting with you. Today’s weekend tour could become tomorrow’s Closing Day! 🔑

Where are you buying?You have $350,000 to spend in East Tennessee—where are you buying? 🏠Johnson City, Kingsport, Bristo...
08/19/2026

Where are you buying?

You have $350,000 to spend in East Tennessee—where are you buying? 🏠

Johnson City, Kingsport, Bristol or Jonesborough? Tell us why! 👇

Johnson City versus Kingsport versus Bristol.....

People love defending where they live. Johnson City’s three-month median price reached approximately $353,000 through June, up 9.5% year over year, while homes took slightly longer to sell. Reference from Redfin Johnson City market data

📣 Calling all REALTORS® and lenders—from those just starting out to seasoned pros and everyone in between!If you woke up...
08/18/2026

📣 Calling all REALTORS® and lenders—from those just starting out to seasoned pros and everyone in between!

If you woke up only once every 10 years, which change in real estate or lending would shock you the most? 🏠⏳

We want to hear from you—drop your answer below! 👇


🏡 Vacant land can look quiet—but scammers may see an opportunity.According to NAR’s 2025 survey, 62% of reported title-f...
08/17/2026

🏡 Vacant land can look quiet—but scammers may see an opportunity.

According to NAR’s 2025 survey, 62% of reported title-fraud cases involved vacant land. Criminals may use forged documents or fake identification to impersonate owners and attempt a fraudulent sale.

🚩 Watch for sellers who:

Push for a fast, cash-only closing
Avoid meeting or video verification
Provide information that doesn’t match property records

Careful identity verification and trusted closing professionals matter. Express Title & Closing is committed to helping protect every transaction from the first document to the final signature.

📍 508 Princeton Road, Suite 401, Johnson City
📞 423-434-9200
🌐 ExpressTC.com



Source: National Association of REALTORSÂŽ

🏡 **Tri-Cities buyers are gaining negotiating power!**According to the latest NETAR Market Pulse:🔑 **64.5%** of July buy...
08/17/2026

🏡 **Tri-Cities buyers are gaining negotiating power!**

According to the latest NETAR Market Pulse:

🔑 **64.5%** of July buyers negotiated a concession at closing—averaging **$16,700**.

📉 **37.4%** of sold homes had a price reduction, with an average cut of **$27,150**.

📈 **746 homes sold**, showing that this isn’t a weak market—it’s a market becoming more balanced.

**For buyers:** More choices may create opportunities to negotiate.
**For sellers:** Pricing your home correctly from the beginning matters more than ever.

Are you seeing more price reductions or seller concessions in today’s market? Let us know below! 👇

Source: NETAR Market Pulse, August 9, 2026

Address

508 Princeton Road
Johnson City, TN
37601

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(423) 434-9200

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