The Sewing Mom

I finally got myself started on sorting through all of our tax information, I’ve been procrastinating. I just have to organize it, fill out our tax questionnaire and then send it all off to our accountant. Every year, I think I have everything ready and then it happens, I have to go digging through my files for something else. This year is no different.

As I go through the questionnaire that our accountant sends us each year, I ensure I have all the back up documents. As I check things off, I make a list of missing paperwork. This morning I was doing my search for the missing papers. Probably the most important document that was MIA was the closing document from the sale of our home last year. I know it was provided to us by the title company and I was sure it was with our home sale documents. I just had to sort through to find it.

In the state of Illinois, home sales are handled by real estate attorneys, but the closing documents are prepared by the title company. In Texas, closings are handled without the attorney, everything is taken care of between the mortgage companies and the title insurance companies. Either way, I think that besides handling a home sale closing, it’s important to have title insurance on any property that you own, don’t you? It ensures that nobody is going to come out of the blue and try to lay claim to your land. Title insurance policies can be interesting to read if you live in a location that has any history. I remember our title policy on our home in Houston had a lot of facts regarding oil claims. It really was a fascinating read!

Anyway, I did manage to find the necessary document this morning and I am getting closer to being ready to send it off to the accountant. That will be a big weight off of my shoulders. If you’ve never actually read your title insurance policy, you might want to some time, you just never know what interesting facts you’ll find in that document.