Month: May 2007

I just examined title for a cash transaction – $38000.00 – on a fast track to close before month end.Title indicates the buyer is the brother of the seller. He sold her the property in 2000 for $43000.00. Sister is now in foreclosure and the lender is seeking close to $40000.00 to cover costs and …

short sale and arms length notice Read More »

A cashiers check aka teller check is issued by the teller at the bank. It’s not your personal check. The bank will type one of THEIR checks and the teller will sign it. You will be noted as the remitter.A certified check is YOUR check which has been stamped certified by the teller. The teller …

difference between cashiers check and certified check Read More »

There really is no easy answer to that question.If it’s a clear and simple matter such as unpaid taxes, the process moves very quickly. If fact, the title underwriter may ask the title agent to pay the taxes and then follow up with a reimbursement check to the agent.Other types of claims will take longer …

how long does it take title insurance to pay a claim Read More »

https://autoinsuranceblog102.blogspot.com/2007/05/query-reverse-mortgage-where-does-money.html Click here for Source

This is a sticky topic. The rights of a purchaser in a sales contract do not simply disappear. They can cloud title unless released.A title insurer will consider the length of time that has passed since the date of the contract and the circumstances before deciding whether or not to insure over the equitable rights …

can’t get title insurance because of unreleased contract Read More »

https://autoinsuranceblog102.blogspot.com/2007/05/query-does-homeowner-insurance-cover.html Click here for Source

The fact that a parcel split is taking place between or for the benefit of family members would not negate the requirement for legal subdivision. Most jurisdictions require subdivision approval at least at the county level. If it’s only an incidental boundary change, you may not need approval but you’ll still need to record a …

is subdivision required in PA if doing parcel split to family member Read More »

Ask for and review the mortgage payoff letter. You are entitled to a copy. The title agent and you should not be relying on verbal payoffs, so there IS a letter available for your review.If the letter doesn’t make sense, take a moment to contact your mortgage lender. Mistakes do happen and it’s better to …

settlement statement how do I know if my mortgage payoff balance is correct Read More »