Thursday, May 27, 2010
right in the middle of a crazy HUD prep day....the civil defense whistle went off!
After we were in the basement for a few minutes we found out it was a false alarm. How more wacky could today have been? ;)
right in the middle of a crazy HUD prep day....the civil defense whistle went off!
After we were in the basement for a few minutes we found out it was a false alarm. How more wacky could today have been? ;)
Monday, May 24, 2010
nice job, ALTA!
per email from ALTA, "ALTA's language to limit the ability of the new Consumer Financial Protection Agency to regulate the title industry was included in final passage."
nice job, ALTA!
per email from ALTA, "ALTA's language to limit the ability of the new Consumer Financial Protection Agency to regulate the title industry was included in final passage."
query: what does a FHA spot audit cover
It's been awhile since my last FHA spot audit but I've been through a few over the years.
The first was the most memorable. It was in 1978 and I was a young originator. The FHA auditor walked into our office, unannounced, identified himself and asked for 25 randomly selected files, some closed, most in process. After he reviewed the files he walked over to my desk for a chat. He explained
The first was the most memorable. It was in 1978 and I was a young originator. The FHA auditor walked into our office, unannounced, identified himself and asked for 25 randomly selected files, some closed, most in process. After he reviewed the files he walked over to my desk for a chat. He explained
query: what does a FHA spot audit cover
It's been awhile since my last FHA spot audit but I've been through a few over the years.
The first was the most memorable. It was in 1978 and I was a young originator. The FHA auditor walked into our office, unannounced, identified himself and asked for 25 randomly selected files, some closed, most in process. After he reviewed the files he walked over to my desk for a chat. He explained
The first was the most memorable. It was in 1978 and I was a young originator. The FHA auditor walked into our office, unannounced, identified himself and asked for 25 randomly selected files, some closed, most in process. After he reviewed the files he walked over to my desk for a chat. He explained
query: seller won't release earnest money - pa
Earnest money also called hand money is a good faith deposit made by the buyer in a purchase transaction. Earnest money shows the seller that the buyer is serious and willing to put money at risk in exchange for the seller taking the property off the market while the sale is pending.
When there is a real estate broker involved the money is held in the escrow account of the brokerage. In FSBO
When there is a real estate broker involved the money is held in the escrow account of the brokerage. In FSBO
query: seller won't release earnest money - pa
Earnest money also called hand money is a good faith deposit made by the buyer in a purchase transaction. Earnest money shows the seller that the buyer is serious and willing to put money at risk in exchange for the seller taking the property off the market while the sale is pending.
When there is a real estate broker involved the money is held in the escrow account of the brokerage. In FSBO
When there is a real estate broker involved the money is held in the escrow account of the brokerage. In FSBO
Friday, May 21, 2010
hey, Linda...this post is for you!
All title agents reading this post raise your hand if you are constantly asking yourself "Why is everybody trying to get into my pocket?"
The answer is that everybody thinks you do nothing for a living except enjoy a straight main line into pure cashola. Everybody who is in a position to refer business to you thinks they deserve some of that easy money.
Why does everybody think you do nothing?
The answer is that everybody thinks you do nothing for a living except enjoy a straight main line into pure cashola. Everybody who is in a position to refer business to you thinks they deserve some of that easy money.
Why does everybody think you do nothing?
hey, Linda...this post is for you!
All title agents reading this post raise your hand if you are constantly asking yourself "Why is everybody trying to get into my pocket?"
The answer is that everybody thinks you do nothing for a living except enjoy a straight main line into pure cashola. Everybody who is in a position to refer business to you thinks they deserve some of that easy money.
Why does everybody think you do nothing?
The answer is that everybody thinks you do nothing for a living except enjoy a straight main line into pure cashola. Everybody who is in a position to refer business to you thinks they deserve some of that easy money.
Why does everybody think you do nothing?
Monday, May 17, 2010
well, isn't this special....
According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly.See story on Housing Wire.
well, isn't this special....
According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly.See story on Housing Wire.
any title attorneys out there want to comment?
Searching for info on title insurance claims and found your blog. Awesome there's someone out there explaining how this stuff works, thanks!!!! Any chance you can offer an opinion on our issue below?
We have First American Title Ins. Eagle Protection Owners Policy on our home bought in 1999. Many years into our ownership in 2008 our city building department came to us to enforce an old order
We have First American Title Ins. Eagle Protection Owners Policy on our home bought in 1999. Many years into our ownership in 2008 our city building department came to us to enforce an old order
any title attorneys out there want to comment?
Searching for info on title insurance claims and found your blog. Awesome there's someone out there explaining how this stuff works, thanks!!!! Any chance you can offer an opinion on our issue below?
We have First American Title Ins. Eagle Protection Owners Policy on our home bought in 1999. Many years into our ownership in 2008 our city building department came to us to enforce an old order
We have First American Title Ins. Eagle Protection Owners Policy on our home bought in 1999. Many years into our ownership in 2008 our city building department came to us to enforce an old order
Thursday, May 13, 2010
Tuesday, May 11, 2010
EVERYBODY KNOWS HOW IT GOES......
I am of the opinion that giving property reports away for free is a violation of RESPA and at least three state laws, Pennsylvania, Colorado and Washington.
ALTA doesn't think that's a RESPA problem, at least according to their outside counsel. Kurt says "Just to let you know, I had our outside counsel run this through a RESPA scrub and he does not believe it to be a violation."
Okay, well
EVERYBODY KNOWS HOW IT GOES......
I am of the opinion that giving property reports away for free is a violation of RESPA and at least three state laws, Pennsylvania, Colorado and Washington.
ALTA doesn't think that's a RESPA problem, at least according to their outside counsel. Kurt says "Just to let you know, I had our outside counsel run this through a RESPA scrub and he does not believe it to be a violation."
Okay, well
Saturday, May 8, 2010
query: I recently found out that a piece of property I bought had a strawbuyer on it back in 1955. How does this affect my title?
I wouldn't worry. A strawbuyer does not necessarily mean that a crime has taken place.
For readers who do not know what a strawbuyer is, let me give you my definition. Think of a strawbuyer as a fake buyer, like a scarecrow made of straw, who stands in the place of the farmer in the field. A strawbuyer stands in the place of the real buyer to hide the identity of the buyer.
We think of
For readers who do not know what a strawbuyer is, let me give you my definition. Think of a strawbuyer as a fake buyer, like a scarecrow made of straw, who stands in the place of the farmer in the field. A strawbuyer stands in the place of the real buyer to hide the identity of the buyer.
We think of
query: I recently found out that a piece of property I bought had a strawbuyer on it back in 1955. How does this affect my title?
I wouldn't worry. A strawbuyer does not necessarily mean that a crime has taken place.
For readers who do not know what a strawbuyer is, let me give you my definition. Think of a strawbuyer as a fake buyer, like a scarecrow made of straw, who stands in the place of the farmer in the field. A strawbuyer stands in the place of the real buyer to hide the identity of the buyer.
We think of
For readers who do not know what a strawbuyer is, let me give you my definition. Think of a strawbuyer as a fake buyer, like a scarecrow made of straw, who stands in the place of the farmer in the field. A strawbuyer stands in the place of the real buyer to hide the identity of the buyer.
We think of
Friday, May 7, 2010
I still respect the opinions of Paulson, Bair and Bernanke.
While reading this article on Housing Wire this morning, I remembered how strongly I believe these three understood the crisis and that they were right about TARP.
TARP was a risky move that went way beyond what they would have like, in my opinion but I believe they felt it was a necessary step to calm the markets. I agree. What they and I failed to see was that TARP was a peek at heaven for
TARP was a risky move that went way beyond what they would have like, in my opinion but I believe they felt it was a necessary step to calm the markets. I agree. What they and I failed to see was that TARP was a peek at heaven for
I still respect the opinions of Paulson, Bair and Bernanke.
While reading this article on Housing Wire this morning, I remembered how strongly I believe these three understood the crisis and that they were right about TARP.
TARP was a risky move that went way beyond what they would have like, in my opinion but I believe they felt it was a necessary step to calm the markets. I agree. What they and I failed to see was that TARP was a peek at heaven for
TARP was a risky move that went way beyond what they would have like, in my opinion but I believe they felt it was a necessary step to calm the markets. I agree. What they and I failed to see was that TARP was a peek at heaven for
morning chuckle
First American's thorough title searches, title clearance and title insurance policies help to produce clear property titles and enable the efficient transfer of real estate. Source.
morning chuckle
First American's thorough title searches, title clearance and title insurance policies help to produce clear property titles and enable the efficient transfer of real estate. Source.
OAITA has update on First American/Bank of America case
The high-octane lawsuit currently pending in North Carolina between First American, United General Title and Bank of America took on a new layer this week as First American filed its Answer and Counterclaim to the Bank of America Complaint. Read more on OAITA.
OAITA has update on First American/Bank of America case
The high-octane lawsuit currently pending in North Carolina between First American, United General Title and Bank of America took on a new layer this week as First American filed its Answer and Counterclaim to the Bank of America Complaint. Read more on OAITA.
Tuesday, May 4, 2010
just cause HUD chose restraint for 180 days, what about other regulators?
On 11/13/2009, HUD issued release No. 09-215 indicating that for the first 4 months of 2010 they would "exercise restraint in enforcing new regulatory requirements under RESPA, due to take full effect Jan. 1, 2010."
Has anyone been examined during this time period and what was the approach of the examiners? Despite our Bank's significant and documented good faith efforts to comply, our OCC exam
Has anyone been examined during this time period and what was the approach of the examiners? Despite our Bank's significant and documented good faith efforts to comply, our OCC exam
just cause HUD chose restraint for 180 days, what about other regulators?
On 11/13/2009, HUD issued release No. 09-215 indicating that for the first 4 months of 2010 they would "exercise restraint in enforcing new regulatory requirements under RESPA, due to take full effect Jan. 1, 2010."
Has anyone been examined during this time period and what was the approach of the examiners? Despite our Bank's significant and documented good faith efforts to comply, our OCC exam
Has anyone been examined during this time period and what was the approach of the examiners? Despite our Bank's significant and documented good faith efforts to comply, our OCC exam
Sunday, May 2, 2010
I feel like a kid finishing a term paper at the last minute.
The PA Data Call spreadsheets are due tomorrow. I have Part Two finished and most of Part One but we got really really busy at the end of the month and I didn't finish and submit.
Today's the day. Glad it's cloudy and might storm. Let's hope we don't lose power. OH NO! I hadn't thought of that. Yoi, double YOI!
Today's the day. Glad it's cloudy and might storm. Let's hope we don't lose power. OH NO! I hadn't thought of that. Yoi, double YOI!
I feel like a kid finishing a term paper at the last minute.
The PA Data Call spreadsheets are due tomorrow. I have Part Two finished and most of Part One but we got really really busy at the end of the month and I didn't finish and submit.
Today's the day. Glad it's cloudy and might storm. Let's hope we don't lose power. OH NO! I hadn't thought of that. Yoi, double YOI!
Today's the day. Glad it's cloudy and might storm. Let's hope we don't lose power. OH NO! I hadn't thought of that. Yoi, double YOI!
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