Friday, April 30, 2010

the new Colorado law

Will we finally see a move by title insurers in Colorado to finally charge for title insurance commitments issued for transactions that do not close?  The only reason title companies do not charge for these services, even when the charge would be leveled against a consumer, is fear of retribution by referral sources such as realtors and lenders.

We have this problem in PA.  We've got the law and

the new Colorado law

Will we finally see a move by title insurers in Colorado to finally charge for title insurance commitments issued for transactions that do not close?  The only reason title companies do not charge for these services, even when the charge would be leveled against a consumer, is fear of retribution by referral sources such as realtors and lenders.

We have this problem in PA.  We've got the law and

Thursday, April 29, 2010

So, I guess this means the new First American Title iphone app

which provides free data to realtors is illegal in both Pennsylvania and Colorado?  Can't give free property reports in either state.  Anyone else have details on other state laws?

So, I guess this means the new First American Title iphone app

which provides free data to realtors is illegal in both Pennsylvania and Colorado?  Can't give free property reports in either state.  Anyone else have details on other state laws?

Colorado....YOU ROCK!! Well done. ;)

April 28, 2010                                                    For Immediate Release  
Contact:  Cameron Lewis, Colorado Division of Insurance, 303.894.2261               Chris Lines, DORA Public Information Officer, 303.894.7873
NEW RULES FOR TITLE INSURANCE TAKE EFFECT MAY 1, 2010
Although many homebuyers are not educated in the intricacies of title insurance, the Colorado Division

Colorado....YOU ROCK!! Well done. ;)

April 28, 2010                                                    For Immediate Release  
Contact:  Cameron Lewis, Colorado Division of Insurance, 303.894.2261               Chris Lines, DORA Public Information Officer, 303.894.7873
NEW RULES FOR TITLE INSURANCE TAKE EFFECT MAY 1, 2010
Although many homebuyers are not educated in the intricacies of title insurance, the Colorado Division

Wednesday, April 28, 2010

sign contract by 4/30.....close by 6/30

We are in the midst of a panic as homebuyers are trying to close on April 30 mistakenly believing that the 30th is the last day to close.

Please read this article.

Eligible borrowers must sign contracts by April 30 and close on their loans by June 30 to qualify for the tax credits, which include $8,000 for first-time buyers and $6,500 for home owners buying a new residence.