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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Government News

President Expected to Sign Terrorism Insurance Bills

December 19, 2007

Congress sent bills to the White House extending the Terrorism Insurance bill and a measure to end the taxation of "underwater mortgages." The Terrorism Risk Insurance Act (TRIA) was extended for seven years. The program remains virtually unchanged from current law.

H.R. 3648, would end taxation of forgiven debt that results through foreclosure, sale or loan restructuring. Currently the amount of indebtedness discharged is taxed as income. The bill provides temporary relief through the 2009 tax year. It also extends the tax deductibility of private mortgage insurance through 2010.

The bill provides a two-year grace period for widows and widowers to utilize the full $500,000 exclusion that married couples have on the sale of their home. Current law requires the home to be sold in the same year as the death to qualify. It also excludes from income any state and local tax abatements received by volunteer firefighters and other emergency personnel. The President is expected to sign both bills into law.

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How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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