Saturday, August 2, 2008

tie up the loose ends of a divorce, please!

Examined title for a purchase transaction and found that the vested owners were a now divorced couple who had never dealt with the separation of the real estate. Criminy.What really kills me is that both husband and wife were represented by legal counsel AND the property had been processed through a relocation company who is represented by legal counsel.Nobody, I mean NOBODY, gave a thought to

tie up the loose ends of a divorce, please!

Examined title for a purchase transaction and found that the vested owners were a now divorced couple who had never dealt with the separation of the real estate. Criminy.What really kills me is that both husband and wife were represented by legal counsel AND the property had been processed through a relocation company who is represented by legal counsel.Nobody, I mean NOBODY, gave a thought to

I'm back!!!

Thanks, Google.

I'm back!!!

Thanks, Google.

Sunday, July 27, 2008

query: what happens if you pay part of your mortgage early

This is a great query. First, let's set aside prepayment penalties because they are rare and also because they are unique. If you have a Note that includes a pre-payment penalty, read those terms carefully for any impact on partial pre-payments. Okay, now for your query.Fixed Rate Mortgages: These mortgages have a level mortgage payment going towards principal and interest. The total remains

query: what happens if you pay part of your mortgage early

This is a great query. First, let's set aside prepayment penalties because they are rare and also because they are unique. If you have a Note that includes a pre-payment penalty, read those terms carefully for any impact on partial pre-payments. Okay, now for your query.Fixed Rate Mortgages: These mortgages have a level mortgage payment going towards principal and interest. The total remains

Thursday, July 24, 2008

query: must escrow accounts of title companies be interest bearing in PA

The answer is no. If you have funds that will be held after closing, you can request that it be placed in a separate interest bearing account. Keep in mind that this is extra work for the title agent and there may be a service charge. Any escrow set-up in PA does carry a mandatory $25 escrow set-up fee - even non-interest bearing escrow.