Friday, October 24, 2008
final RESPA rule out in two weeks?
WASHINGTON (10/24/08)—Changes to the Real Estate Settlement Practices Act, known as RESPA, will be out within the next two weeks, according to Federal Housing Administration (FHA) Commissioner Brian Montgomery. Read more.....
final RESPA rule out in two weeks?
WASHINGTON (10/24/08)—Changes to the Real Estate Settlement Practices Act, known as RESPA, will be out within the next two weeks, according to Federal Housing Administration (FHA) Commissioner Brian Montgomery. Read more.....
just filed a title claim for a customer
There was a typographical error in a deed filed in 1946 which changed the lot number. All of the deeds filed since then for this lot carried forward the mistake.A full search in our area is 60 years. This transaction was processed in 2005 and we ordered a full search from First Am. They apparently only did a 59 year search. Had they gone back for a full search, they would have pulled the
just filed a title claim for a customer
There was a typographical error in a deed filed in 1946 which changed the lot number. All of the deeds filed since then for this lot carried forward the mistake.A full search in our area is 60 years. This transaction was processed in 2005 and we ordered a full search from First Am. They apparently only did a 59 year search. Had they gone back for a full search, they would have pulled the
Monday, October 20, 2008
what does a possible takeover in title insurance mean for our future?
If a giant lender decides to buy a giant title insurer, then we are facing a giant bundling concept.No doubt models are changing, they have to. Fidelity - with Cyberhomes - has decided to change the point of sale by capturing the consumer before the real estate agent has a chance to.Looks like we might have a giant lender deciding to offer consumers one stop pricing - all services included
what does a possible takeover in title insurance mean for our future?
If a giant lender decides to buy a giant title insurer, then we are facing a giant bundling concept.No doubt models are changing, they have to. Fidelity - with Cyberhomes - has decided to change the point of sale by capturing the consumer before the real estate agent has a chance to.Looks like we might have a giant lender deciding to offer consumers one stop pricing - all services included
Sunday, October 19, 2008
FHA Wiki - This is a great idea.
Consumers, lenders, title agents, and real estate agents are always looking for a reliable source for FHA program info. The FHA on-line resources have really come into their own. Take a look at this Wikipedia run by FHA.gov.CLICK HERE.Here's a good one: How do I determine when the annual MIP will be cancelled?For loans closed on or after January 1, 2001, FHA's annual MIP will be automatically
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