he says someone at the courthouse did his deed for him. Hmmmm....
Well, the prior vested owner was a man, we'll call John Smith. Our seller's deed was from a woman who says she was Mrs. John Smith. The deed says John Smith is dead and that Mrs. Smith owns the property by operation of law as having been his wife.
Well, that's wrong. She wasn't in title so does our seller actually own the
Wednesday, July 28, 2010
The seller did his own title search and.....
he says someone at the courthouse did his deed for him. Hmmmm....
Well, the prior vested owner was a man, we'll call John Smith. Our seller's deed was from a woman who says she was Mrs. John Smith. The deed says John Smith is dead and that Mrs. Smith owns the property by operation of law as having been his wife.
Well, that's wrong. She wasn't in title so does our seller actually own the
Well, the prior vested owner was a man, we'll call John Smith. Our seller's deed was from a woman who says she was Mrs. John Smith. The deed says John Smith is dead and that Mrs. Smith owns the property by operation of law as having been his wife.
Well, that's wrong. She wasn't in title so does our seller actually own the
Tuesday, July 27, 2010
just a note to say hello
Our two most interesting cases pending now are one involving a Power of Attorney for a buyer and another in which the neighbor stepped forward on the eve of closing to say the driveway is on his property.
Both are cases of info coming in really late in a transaction and so both are delayed while we work out solutions.
In the case of the Power of Attorney, the buyers told the loan officer that
Both are cases of info coming in really late in a transaction and so both are delayed while we work out solutions.
In the case of the Power of Attorney, the buyers told the loan officer that
just a note to say hello
Our two most interesting cases pending now are one involving a Power of Attorney for a buyer and another in which the neighbor stepped forward on the eve of closing to say the driveway is on his property.
Both are cases of info coming in really late in a transaction and so both are delayed while we work out solutions.
In the case of the Power of Attorney, the buyers told the loan officer that
Both are cases of info coming in really late in a transaction and so both are delayed while we work out solutions.
In the case of the Power of Attorney, the buyers told the loan officer that
Friday, July 23, 2010
Tuesday, July 13, 2010
you probably know by now how I feel about FICO scoring...
I'm not a fan.
I think FICO got us into this credit mess by creating and supporting the false belief that automated underwriting could replace expert human analysis and judgment. Though developed as a tool, it replaced humanity in the lending process. NOW, it's time to let go.
We don't have subprime lending. It's basically gone. Hard money lenders are few and difficult for consumers to
I think FICO got us into this credit mess by creating and supporting the false belief that automated underwriting could replace expert human analysis and judgment. Though developed as a tool, it replaced humanity in the lending process. NOW, it's time to let go.
We don't have subprime lending. It's basically gone. Hard money lenders are few and difficult for consumers to
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