Friday, June 12, 2009
that ole survey situation again
It never fails. Several times every year we get calls from consumers who decided to get a survey some time after their purchase and guess what? They found a problem.That's why we make a recommendation to every consumer that the only way to know what you are buying is to get a current up to date survey BEFORE you close. If you don't get that survey, we're gonna have you sign a hold harmless
that ole survey situation again
It never fails. Several times every year we get calls from consumers who decided to get a survey some time after their purchase and guess what? They found a problem.That's why we make a recommendation to every consumer that the only way to know what you are buying is to get a current up to date survey BEFORE you close. If you don't get that survey, we're gonna have you sign a hold harmless
Thursday, June 11, 2009
one underwriter taking a stand against short sale flips
The investor negotiates a short sale with the lender by convincing the lender that the price it is offering is the market value of the property. The investor then finds a buyer for a much higher price. The sales happen simultaneously, and the lender pockets the difference. The problem is that "the original lender is not told that the buyer is flipping the property on the same day for thousands
one underwriter taking a stand against short sale flips
The investor negotiates a short sale with the lender by convincing the lender that the price it is offering is the market value of the property. The investor then finds a buyer for a much higher price. The sales happen simultaneously, and the lender pockets the difference. The problem is that "the original lender is not told that the buyer is flipping the property on the same day for thousands
perfect? marketable? insurable?
Here's an e-mail exchange that might help understand the issues faced when folks try to figure out the difference.Dear Ms. Cipa, While researching a title insurance matter on the internet I made my way to http://titleinsurancetalk.blogspot.com/ where I read some of your postings. I have long been searching for someone as knowledgeable and erudite as you on title matters. I am writing to
perfect? marketable? insurable?
Here's an e-mail exchange that might help understand the issues faced when folks try to figure out the difference.Dear Ms. Cipa, While researching a title insurance matter on the internet I made my way to http://titleinsurancetalk.blogspot.com/ where I read some of your postings. I have long been searching for someone as knowledgeable and erudite as you on title matters. I am writing to
Wednesday, June 10, 2009
this is interesting...Buyer's Choice Act
A bill to help California's smaller title companies compete in the foreclosure resale market has cleared the Assembly and is now in the Senate.The Buyer's Choice Act, introduced in February by Assemblywoman Cathleen Galgiani, D-Stockton, will likely be sent in the coming weeks to the Banking, Finance and Insurance Committee and later to the Judiciary Committee. It could be on the Senate floor in
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