Monday, January 11, 2010

haven't talked about title for awhile..let's chat about getting a survey

Back in 2005 I insured a conveyance for a couple who purchased a lot that abutted a vacated alley.  The alley is the borderline between a township and a borough.  For tax assessment purposes the alley was deemed to be in the borough.  The neighboring lot sitting across the alley is in the township.  To keep things clear we'll call them BOROUGH  LOT and TOWNSHIP LOT.  These two lots are in two

haven't talked about title for awhile..let's chat about getting a survey

Back in 2005 I insured a conveyance for a couple who purchased a lot that abutted a vacated alley.  The alley is the borderline between a township and a borough.  For tax assessment purposes the alley was deemed to be in the borough.  The neighboring lot sitting across the alley is in the township.  To keep things clear we'll call them BOROUGH  LOT and TOWNSHIP LOT.  These two lots are in two

cash needed to close....how do you estimate using the new Good Faith Estimate?

Well, the good news is that you, the consumer, will get a more reliable disclosure of costs from all the lenders you shop - PLUS the disclosure will be on a uniform piece of paper.  That's great news for consumers.

There's one little tip you really need to think about and that's CASH TO CLOSE.

First, because lenders are on the hook for the estimates you can be assured the estimates will be a

cash needed to close....how do you estimate using the new Good Faith Estimate?

Well, the good news is that you, the consumer, will get a more reliable disclosure of costs from all the lenders you shop - PLUS the disclosure will be on a uniform piece of paper.  That's great news for consumers.

There's one little tip you really need to think about and that's CASH TO CLOSE.

First, because lenders are on the hook for the estimates you can be assured the estimates will be a

Tuesday, January 5, 2010

new GFE - interesting questions out the door....

It's January 5th and already I have had THREE circumstances cross my path that make me wonder.

A GFE shows the TAX SERVICE FEE and FLOOD LIFE OF LOAN FEE in the category designated for consumers to shop for services.  The "provider list" has providers for these two fees.  I know from prior transactions that this lender directs the business to their affiliated companies and hey - just how would a

new GFE - interesting questions out the door....

It's January 5th and already I have had THREE circumstances cross my path that make me wonder.

A GFE shows the TAX SERVICE FEE and FLOOD LIFE OF LOAN FEE in the category designated for consumers to shop for services.  The "provider list" has providers for these two fees.  I know from prior transactions that this lender directs the business to their affiliated companies and hey - just how would a

The Wilkersons take action, pronto!

Read this article:

OWINGS MILLS, Md. -- A local family who refinanced their home said they found out their original mortgage was never paid, and before they could get the problem resolved, the title company that did the leg work went out of business.According to state records, Maple Leaf Title Company had been in business since March 1999. But after August 2009, the company could not legally