query: what happens if a title company doesn't record a mortgage and takes off

When discovered, a few people have heart attacks, then calm down and move forward with a fix. ;)The title company you are referring to would be a title agent and not the actual title insurance company, what we would call the title underwriter. The title underwriter would step in and take responsibility for fixing the problem since the agent was authorized to perform these acts on their behalf.

query: what happens if a title company doesn't record a mortgage and takes off

When discovered, a few people have heart attacks, then calm down and move forward with a fix. ;)The title company you are referring to would be a title agent and not the actual title insurance company, what we would call the title underwriter. The title underwriter would step in and take responsibility for fixing the problem since the agent was authorized to perform these acts on their behalf.

query: who pays for the endorsements on the HUD-1

The endorsements you see listed on the HUD-1 are tied to the title insurance and most often, the loan policy. The terms of your sales agreement or local custom will determine who pays for the loan policy premium and the attached endorsements. In PA, it's considered a buyer cost.

query: who pays for the endorsements on the HUD-1

The endorsements you see listed on the HUD-1 are tied to the title insurance and most often, the loan policy. The terms of your sales agreement or local custom will determine who pays for the loan policy premium and the attached endorsements. In PA, it's considered a buyer cost.

query via e-mail: unsatisfied HELOC

For instance I have a crazy situation where a borrower had a second and when the settlement happened the second was paid off and a new HELOC opened, but the old one was never closed, and even after calling the bank, Chase they did not close it. So the borrower used it and has been paying on it for over a year. Of course he is now in trouble financially. The problem is the new HELOC went into

query via e-mail: unsatisfied HELOC

For instance I have a crazy situation where a borrower had a second and when the settlement happened the second was paid off and a new HELOC opened, but the old one was never closed, and even after calling the bank, Chase they did not close it. So the borrower used it and has been paying on it for over a year. Of course he is now in trouble financially. The problem is the new HELOC went into

no BS...this is true. Pennsylvania has an incredibly stable real estate market.

The Pittsburgh area isn't the only region in Pennsylvania where housing prices have been relatively stable and doing better than many other areas of the country. In fact, the state as a whole has outpaced the nation in its ability to avoid a steep decline in home prices, according to an analysis carried in the latest edition of "The Pennsylvania Realtor" a newsletter published by the Pennsylvania

no BS...this is true. Pennsylvania has an incredibly stable real estate market.

The Pittsburgh area isn't the only region in Pennsylvania where housing prices have been relatively stable and doing better than many other areas of the country. In fact, the state as a whole has outpaced the nation in its ability to avoid a steep decline in home prices, according to an analysis carried in the latest edition of "The Pennsylvania Realtor" a newsletter published by the Pennsylvania

consumers at risk when dealing with less than competent title agents

We have been working with an out of state limited liability company who is buying real estate in PA and flipping it on E-bay. He refused to register as a foreign LLC with PA so the bureau of corporations cannot issue a clear corporate lien certificate. We have confirmed with our title underwriter that this type of business activity is subject to corporate tax issues and therefore we are

consumers at risk when dealing with less than competent title agents

We have been working with an out of state limited liability company who is buying real estate in PA and flipping it on E-bay. He refused to register as a foreign LLC with PA so the bureau of corporations cannot issue a clear corporate lien certificate. We have confirmed with our title underwriter that this type of business activity is subject to corporate tax issues and therefore we are

query via e-mail - alternatives to title insurance and other stuff

Ms. Cipa,My name is Patrick Framel; I am a summer intern with the Texas Department of Insurance. I am working on a report for the Texas Legislature, regarding solutions to affordable housing issues. I have already been helped by some of your past blog entries, and was wondering if you had any insight on this report.I'm wondering if there are any viable products currently being used in any

query via e-mail - alternatives to title insurance and other stuff

Ms. Cipa,My name is Patrick Framel; I am a summer intern with the Texas Department of Insurance. I am working on a report for the Texas Legislature, regarding solutions to affordable housing issues. I have already been helped by some of your past blog entries, and was wondering if you had any insight on this report.I'm wondering if there are any viable products currently being used in any

query: how does a lender get priority

The mortgage lender first has the title searched and confirms prior to recordation of their instrument that they will have the lien priority they desire. A smart first lien lender will insist upon a title insurance loan policy to guarantee that position.If the search reveals a lien in a superior position and the parties do not intend to satisfy that lien, they can negotiate for a postponement or

query: how does a lender get priority

The mortgage lender first has the title searched and confirms prior to recordation of their instrument that they will have the lien priority they desire. A smart first lien lender will insist upon a title insurance loan policy to guarantee that position.If the search reveals a lien in a superior position and the parties do not intend to satisfy that lien, they can negotiate for a postponement or

query: what happens to my real estate title claim once I file it

Good question. Will it sit in a big pile gathering dust or will someone really start working on it? I've written about how to file claims, so I'll not repeat myself, but just say how you file it does set the stage.You should look closely at the title policy and select the proper address for filing a claim. You want to send any claim via certified mail. Get evidence of the date you filed it.

query: what happens to my real estate title claim once I file it

Good question. Will it sit in a big pile gathering dust or will someone really start working on it? I've written about how to file claims, so I'll not repeat myself, but just say how you file it does set the stage.You should look closely at the title policy and select the proper address for filing a claim. You want to send any claim via certified mail. Get evidence of the date you filed it.