You might not think of an extra lot as being dangerous but from a title insurance perspective, the extra lot causes all sorts of misunderstandings and potential for loss, especially when the lot is forgotten or not considered.
A recurring problem surfaces in foreclosure. If a title agent only places a mortgage upon the lot on which the house sits but doesn't consider discussing the adjacent
Wednesday, September 22, 2010
the dangerous dangling lot
You might not think of an extra lot as being dangerous but from a title insurance perspective, the extra lot causes all sorts of misunderstandings and potential for loss, especially when the lot is forgotten or not considered.
A recurring problem surfaces in foreclosure. If a title agent only places a mortgage upon the lot on which the house sits but doesn't consider discussing the adjacent
A recurring problem surfaces in foreclosure. If a title agent only places a mortgage upon the lot on which the house sits but doesn't consider discussing the adjacent
Thursday, September 16, 2010
question to settlement agents
Are you seeing a drop off in the number of transactions with home warranties being sold as part of a purchase transaction? I am.
Interesting, huh?
Interesting, huh?
question to settlement agents
Are you seeing a drop off in the number of transactions with home warranties being sold as part of a purchase transaction? I am.
Interesting, huh?
Interesting, huh?
Tuesday, September 14, 2010
interesting observation on RESPA 2010
How the industry is faring with new RESPA forms After eight months of using the new Good Faith Estimate and HUD-1 Settlement Statement forms, mortgage lenders, closers and the legal community are at a calmer place with implementation than they were on Jan. 1. But is it a perfect system yet? Two attorneys say no, with one saying that
interesting observation on RESPA 2010
How the industry is faring with new RESPA forms After eight months of using the new Good Faith Estimate and HUD-1 Settlement Statement forms, mortgage lenders, closers and the legal community are at a calmer place with implementation than they were on Jan. 1. But is it a perfect system yet? Two attorneys say no, with one saying that
Monday, September 13, 2010
query via email: Is it legal to have a simultaneous closing?
Hi Diane,
My question concerns methods of closing. Is it legal to have a simultaneous closing?
In other words on an A to B and B to C purchase where the bank is A, I am B, and an end buyer is C.
At closing is it legal for B and C to sign papers, with the funds from C put into escrow, and then A and B close using funds from escrow on first signing to fund that transaction?
I hear some Title
My question concerns methods of closing. Is it legal to have a simultaneous closing?
In other words on an A to B and B to C purchase where the bank is A, I am B, and an end buyer is C.
At closing is it legal for B and C to sign papers, with the funds from C put into escrow, and then A and B close using funds from escrow on first signing to fund that transaction?
I hear some Title
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