RECENT BLOG POSTS
It came to my attention yesterday that while most REO addendums floating around these days specifically state that the buyer may use their own title agent there a number of asset managers who are countering with a statement that the buyer MUST (or sometimes, because of RESPA) WILL use the seller'...
07/15/2010
I am so frustrated with these banks who drag their feet for endless months on short sale and loan modifications. Why can't they see that they are not helping the situation for these poor homeowners who's lives have been turned upside down due to an economic crisis that they, the homeowners, had n...
07/14/2010
 I know this bill has been floating along for a while now and I have meant to comment on it.  I generally agree with this proposal and hope that it sees passage H.R. 4229-Borrowers' Right to Inspect Closing Documents Act of 2009.   This bill was introduced in the house in December 2009 and has be...
07/13/2010
I have been working with a realtor for 4 months now on a short sale transaction that finally got lender approval in the middle of June.  Upon hearing  from the lender that the transaction was approved the Realtor called me to schedule the closing and advised that the seller would be calling me la...
07/07/2010
Today's title defect...  As usual coming out of a foreclosure we have reviewed the title and found a defect.... I have long ago learned that you have to READ every document that is presented to you in a title report when the property has been foreclosed upon.  This situation is no different, but ...
06/30/2010
HUD Reminds Industry New HUD-1 Not a Disbursement Document June 29, 2010     The HUD-1 is a consumer disclosure document, not a disbursement document, HUD officials reminded industry professionals.During the Virginia Land Title Association's Annual Convention, Teresa Payne, associate deputy assi...
06/29/2010
For many many years my office was the the local vendor for a very large organization. Our assigned region was the Baltimore-Metro region, we handled all of their title clearance and settlements after foreclosure.  When they went to the "cradle to grave" environment, as most large mortgage servici...
06/24/2010
I received a letter today from a lender with whom we do business here in Maryland.  This lender has taken it upon themselves to send us and other title agents with whom they do business a letter describing their new closing guidelines based on Fannie Mae's "Loan Quality Initiative". The lender wa...
06/23/2010
My almost 5 year old grandaughter at one time was in my office Monday-Friday from 10:00 a.m to about 3:00 p.m. This was before she could walk and before she went to daycare. So you can say she has been raised in the title busines.  From the time she started to go to daycare at about 18 months old...
06/21/2010
An article written by Dina ElBoghdady of The Washiington Post http://thewashingtonpost.com brings to light a practice that few are aware of relating to "deficiency judgments". When you go through a foreclosure and the bank resells your home, you may think that is the end of what was probably the ...
06/18/2010
Rainer
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CHARLENE PERRY, CLTP

Insuring the Past to Protect Your Future
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