When a title insurer used the phrase “insure over” that means they will NOT place an exception for the item in the title insurance policy.For instance, let’s say there is an unsatisfied mortgage on title that is 60 years old. A title insurer would likely decide to simply insure over the mortgage rather than pursue …
Most mortgage loan programs prohibit direct credits of cash from the seller to the buyer.Most mortgage loan programs will allow the seller to assist the buyer with all or part of the closing costs.Money is money, agreed, but in the world of mortgage loan underwriting they have to account for all sources and the buyer …
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Insuring title for property currently vested in an irrevocable trust is not hard, you just need to confirm the terms of the trust.You’ll need a signed copy of the full trust and any amendments. If the trustee has a signed memorandum/certificate of trust, take a look at that first. Many attorneys will prepare this short …
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I recommend that you hire an attorney. Raising an estate simply means that you go to the Register of Wills at the courthouse and open an estate file. There are many possible issues to be considered. Your attorney will walk you through the process and prepare the necessary paperwork. Click here for Source
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The HUD-1 is signed so that the parties have acknowledged and agreed to the movement of money in the transaction. The settlement agent signs to certify that they have or will disburse funds as noted on the HUD-1.The HUD-1 is a settlement statement designed to aid consumers in a federally related mortgage transaction. It is …
I’m not sure what you mean but let me take a stab at it.If you find an error in the policy, you can contact the title company and request a corrective endorsement. You have to be certain however that it’s a true error. We have to hope that you really read the title commitment before …
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