A Lender’s Policy was issued by a Title Company for private financing in the amount of the loan on a single family home with a LTV of 50% or less. A good portion of the loan proceeds were used to cure delinquent taxes and acquire an adjacent property.
Borrower signed as a Personal Representative of an Estate with minors. Title Company failed to discover borrower’s PR status had expired. This
Saturday, August 21, 2010
question from Bob
A Lender’s Policy was issued by a Title Company for private financing in the amount of the loan on a single family home with a LTV of 50% or less. A good portion of the loan proceeds were used to cure delinquent taxes and acquire an adjacent property.
Borrower signed as a Personal Representative of an Estate with minors. Title Company failed to discover borrower’s PR status had expired. This
Borrower signed as a Personal Representative of an Estate with minors. Title Company failed to discover borrower’s PR status had expired. This
Subscribe to:
Posts (Atom)