Question and Answer

Q
What is an Inspection Report?

Our Home Inspection Reports are carried out by a State Certified Licensed Home Inspector to provide you with a fair market valuation and condition of the property you are purchasing.

​This detailed home inspection will not just provide you with visual evaluation of a home’s condition, but our inspector will typically provide detail inspection services to determine the performance of the home (see sample report below).. Our appointed inspector reviews each property carefully to ensure an accurate and thorough analysis.

SAMPLE OF INSPECTION REPORT

Q
What is a Title insurance?

Title insurance is an insurance policy against unknown title defects – including objections to your title – that exist as of the date of your policy. A title insurance policy guarantees that all legal issues pertaining to your title of the property are disclosed and cleared if appropriate. However, it is a contract of insurance through which you can protect yourself from serious financial loss if your title is challenged.

  • Errors in Title Examination: When your title is examined, the title examiner may fail to uncover such items as unpaid taxes, easements, restrictions and more. All items affecting the title are not contained in a single book, a single office or even the same city. There is also the possibility of human error in numerous situations. Title insurance protects you against any errors occurring in the title examination.
  • Statute of Limitations: Some states limit the time in which a person can make a claim against an attorney’s title opinion to three years or less. A title insurance policy is a contract of insurance and, therefore, creates a contractual relationship, as opposed to an attorney’s title opinion which creates a legal relationship subject to statutes of limitation. An owner’s title insurance policy provides the insured with protection on covered matters for as long as they own the property and against warranty claims
  • Claims for Loss or Damage: In order to recover loss or damage due to a defective attorney’s title opinion, an owner would have to prove negligence on the part of the attorney, but to recover loss or damage for a covered risk under a title insurance policy the insured has only to file a claim. Since a title policy is an absolute liability contract, the title company must pay for loss or damage resulting from a covered risk, pursuant to the terms, conditions and disclosures detailed in the policy.
  • Financial Strength: Your ability to collect for any loss resulting from an error in an attorney’s title opinion is limited to that attorney’s ability to pay. Each title insurance contract, however, is backed by the financial strength of the issuing company. Title companies must maintain a certain level of capital that is required by the various State Insurance Departments. The wise purchaser of any form of insurance should ask if the company has a rating from independent rating agencies such as Standard & Poor, A.M. Best or Moody’s

Q
What is Home Warranty

Buying or selling your home can be stressful, especially if one of your home’s systems or appliances breaks down unexpectedly. A home warranty covers costly home repairs and replacements due to normal wear and tear of the covered items detailed in the policy. It’s not your homeowner’s insurance policy; a home warranty is a separate contract covering repairs and replacements on systems in your home, usually for a period of one year.

Home warranties cover many, but not all, of your home’s appliances and systems. Contract costs and coverage can vary widely, so always compare before purchasing. Home warranties cover many of your home’s crucial systems and appliances, but they must be in working order before the contract is entered into with the warranty company. Make sure you have reviewed your contract and coverage before you need it to understand what is covered and what is not. When you buy a home warranty, consider premium and optional coverage to customize the plan to fit your needs.

When the home warranty is understood and utilized for its intended purposes, it can be the easiest way to save on home repairs and reduce the extra stress that comes with buying or selling a home.

Q
What is an Owner's Statement

The Owner Statement is the document that summarizes the status of the operating cash account for the owner’s properties for a selected time period.

The owner’s statement is not a formal financial report, but rather a simple summary to give the owner an overview of their properties cash related transactions. It is typically the lead item in the owner packet that is sent out each month, it may also be generated as an individual document at any time desired. The Owner Statement may be generated for a desired date range back to the start of use with an online login portal for each investor. The statement may also be for an individual property or for a selected set of properties

Q
What is Title Deed?

Every property purchased from Helix Homes America is debt free and will belong to the buyer free and clear with the buyer’s own choices to place under a personal name (not advised) or under the Assets Entity Name (free from Helix Homes America and as per professional advice and benefit of Tax Minimization)

Title Deed is a legal document (instrument) executed and acknowledged under the seal and in the presence of a notary, evidencing the right of ownership to a property described therein.

Frequently Asked Questions

Q
What is an Inspection Report?

Our Home Inspection Reports are carried out by a State Certified Licensed Home Inspector to provide you with a fair market valuation and condition of the property you are purchasing.

​This detailed home inspection will not just provide you with visual evaluation of a home’s condition, but our inspector will typically provide detail inspection services to determine the performance of the home (see sample report below).. Our appointed inspector reviews each property carefully to ensure an accurate and thorough analysis.

SAMPLE OF INSPECTION REPORT

Q
What is a Title insurance?

Title insurance is an insurance policy against unknown title defects – including objections to your title – that exist as of the date of your policy. A title insurance policy guarantees that all legal issues pertaining to your title of the property are disclosed and cleared if appropriate. However, it is a contract of insurance through which you can protect yourself from serious financial loss if your title is challenged.

  • Errors in Title Examination: When your title is examined, the title examiner may fail to uncover such items as unpaid taxes, easements, restrictions and more. All items affecting the title are not contained in a single book, a single office or even the same city. There is also the possibility of human error in numerous situations. Title insurance protects you against any errors occurring in the title examination.
  • Statute of Limitations: Some states limit the time in which a person can make a claim against an attorney’s title opinion to three years or less. A title insurance policy is a contract of insurance and, therefore, creates a contractual relationship, as opposed to an attorney’s title opinion which creates a legal relationship subject to statutes of limitation. An owner’s title insurance policy provides the insured with protection on covered matters for as long as they own the property and against warranty claims
  • Claims for Loss or Damage: In order to recover loss or damage due to a defective attorney’s title opinion, an owner would have to prove negligence on the part of the attorney, but to recover loss or damage for a covered risk under a title insurance policy the insured has only to file a claim. Since a title policy is an absolute liability contract, the title company must pay for loss or damage resulting from a covered risk, pursuant to the terms, conditions and disclosures detailed in the policy.
  • Financial Strength: Your ability to collect for any loss resulting from an error in an attorney’s title opinion is limited to that attorney’s ability to pay. Each title insurance contract, however, is backed by the financial strength of the issuing company. Title companies must maintain a certain level of capital that is required by the various State Insurance Departments. The wise purchaser of any form of insurance should ask if the company has a rating from independent rating agencies such as Standard & Poor, A.M. Best or Moody’s

Q
What is Home Warranty

Buying or selling your home can be stressful, especially if one of your home’s systems or appliances breaks down unexpectedly. A home warranty covers costly home repairs and replacements due to normal wear and tear of the covered items detailed in the policy. It’s not your homeowner’s insurance policy; a home warranty is a separate contract covering repairs and replacements on systems in your home, usually for a period of one year.

Home warranties cover many, but not all, of your home’s appliances and systems. Contract costs and coverage can vary widely, so always compare before purchasing. Home warranties cover many of your home’s crucial systems and appliances, but they must be in working order before the contract is entered into with the warranty company. Make sure you have reviewed your contract and coverage before you need it to understand what is covered and what is not. When you buy a home warranty, consider premium and optional coverage to customize the plan to fit your needs.

When the home warranty is understood and utilized for its intended purposes, it can be the easiest way to save on home repairs and reduce the extra stress that comes with buying or selling a home.

Q
What is an Owner's Statement

The Owner Statement is the document that summarizes the status of the operating cash account for the owner’s properties for a selected time period.

The owner’s statement is not a formal financial report, but rather a simple summary to give the owner an overview of their properties cash related transactions. It is typically the lead item in the owner packet that is sent out each month, it may also be generated as an individual document at any time desired. The Owner Statement may be generated for a desired date range back to the start of use with an online login portal for each investor. The statement may also be for an individual property or for a selected set of properties

Q
What is Title Deed?

Every property purchased from Helix Homes America is debt free and will belong to the buyer free and clear with the buyer’s own choices to place under a personal name (not advised) or under the Assets Entity Name (free from Helix Homes America and as per professional advice and benefit of Tax Minimization)

Title Deed is a legal document (instrument) executed and acknowledged under the seal and in the presence of a notary, evidencing the right of ownership to a property described therein.