New Reports Educate Buyers and Sellers While Keeping Cost of Disclosure Reports Competitive
January 28, 2008, SANTA ANA, Calif. First American Natural Hazard Disclosures (FANHD), a member of The First American Corporation (NYSE:FAF) family of companies and a leader in the real estate disclosure report industry, announced today that it has launched the FANHD California Property Tax Disclosure Report™, creating a cost-effective choice for real estate professionals and their clients.
A property tax disclosure report is used to alert homebuyers to current and future taxes, fees and assessments that will be imposed on a property. This type of information can prevent unnecessary surprises in the home-buying process. Much of the information is also required to be disclosed by California law.
FANHD recently invested in acquiring and further developing its own tax information database as a way to offer customers more choices in the marketplace. FANHD’s new tax disclosure report provides an additional resource for California’s real estate professionals and competitive prices for homebuyers and sellers.
“First American’s tax disclosure report provides multiple benefits to real estate professionals and their clients,” says Gino Blefari, president and chief executive officer of Intero Real Estate Services. “The reports provide excellent liability protection for consumers and assist the industry in keeping prices competitive, which is always in the best interest of the consumer.”
Additional information on the FANHD California Property Tax Disclosure Report may be obtained by calling 800.527.0027 or visiting www.fanhd.com.
About The First American Corporation
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of $8.5 billion in 2006, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. More information about the company and an archive of its press releases can be found at www.firstam.com.