Government knows it has a problem.
In a recently concluded report, the Commission to Study Title Insurance in Maryland, appointed by the legislature two years ago, wants the insurance commissioner to study setting up a guaranty fund to pay back future victims. It also suggests making title-insurance underwriters more responsible for the behavior of agents such as Sybert who represent them at the
Monday, June 21, 2010
read this article in the Baltimore Sun, please
Government knows it has a problem.
In a recently concluded report, the Commission to Study Title Insurance in Maryland, appointed by the legislature two years ago, wants the insurance commissioner to study setting up a guaranty fund to pay back future victims. It also suggests making title-insurance underwriters more responsible for the behavior of agents such as Sybert who represent them at the
In a recently concluded report, the Commission to Study Title Insurance in Maryland, appointed by the legislature two years ago, wants the insurance commissioner to study setting up a guaranty fund to pay back future victims. It also suggests making title-insurance underwriters more responsible for the behavior of agents such as Sybert who represent them at the
Friday, June 18, 2010
Just because the grantor is FANNIE MAE you ought not to overlook review of the deed and power of attorney.
It's frustrating. FANNIE MAE does not release the deed for review prior to closing. We have to wait for a courier delivery of the original which arrives on the day of closing. That means we have no opportunity to find problems before the last minute and usually everything is okay but not always.
This morning JC reviewed a FANNIE MAE deed for a closing in Somerset County. The deed referenced
This morning JC reviewed a FANNIE MAE deed for a closing in Somerset County. The deed referenced
Just because the grantor is FANNIE MAE you ought not to overlook review of the deed and power of attorney.
It's frustrating. FANNIE MAE does not release the deed for review prior to closing. We have to wait for a courier delivery of the original which arrives on the day of closing. That means we have no opportunity to find problems before the last minute and usually everything is okay but not always.
This morning JC reviewed a FANNIE MAE deed for a closing in Somerset County. The deed referenced
This morning JC reviewed a FANNIE MAE deed for a closing in Somerset County. The deed referenced
Wednesday, June 16, 2010
Monday, June 14, 2010
query: what does owners extended coverage per rate filing mean for closings
hmmmm.....
I'm guessing the buyer bought extended owner title insurance rather than the regular owner title insurance which is less expensive. The "per rate filing" just indicates that the charge for extended coverage is determined by a filed rate, likely with the state insurance department.
I'll further guess that the buyer didn't get a moment in which to choose whether or not to purchase the
I'm guessing the buyer bought extended owner title insurance rather than the regular owner title insurance which is less expensive. The "per rate filing" just indicates that the charge for extended coverage is determined by a filed rate, likely with the state insurance department.
I'll further guess that the buyer didn't get a moment in which to choose whether or not to purchase the
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