Settlement Observer - FTE Blog

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Title Insurance - Federal Title & Escrow Company
Real estate articles for agents, mortgage lenders, homebuyers and homeowers looking to refinance.
RECENT BLOG POSTS
Active-duty service members and veterans may be eligible for a home loan guaranty program offered the Department of Veterans Affairs (VA), for purposes of purchasing or refinancing a home. What is a VA guaranteed loan?It is a loan that is made by a typical mortgage company, savings and loan, or b...
12/16/2010
Once a determination is made as to which benefits are most advantageous for the applicant, the closing process can finally begin. There are several noteworthy items to keep in mind at this time:1. Prior to closing, the applicant will need to ensure that their mortgage is paid current, including i...
12/16/2010
Once your application for Expanded HAP assistance is approved, a Benefits Specialist will be assigned to your file, and will immediately contact you to determine the appropriate benefits for your specific situation.There are four types of benefits available under the Expanded HAP program. 1. Priv...
12/16/2010
If you believe that you meet the eligibility criteria for Expanded HAP, as broken down in Part II of our blog, the next step is to submit an application with the Army Corps of Engineers for your respective district. Application packages can be downloaded from the Army Corps of Engineers HAP websi...
12/16/2010
The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans closing between January 1, 2011 through September 30, 2011. The limits for Fiscal Year 2012 have not yet been released. Please note, these limits do not reflect a maximum amount tha...
12/16/2010
Most homeowners know about the Homestead Program; most homeowners do not know about the Maryland Homeowners’ Property Tax Credit Program. This article answers many of the common questions we hear from Maryland homeowners regarding property taxes. What is the Maryland Homeowners’ Property Tax Cred...
08/19/2010
A recent survey from Bankrate.com showed homebuyers in Maryland and the District of Columbia pay closings costs that are below the national average. That was good news on its own. When I began digging through the details of the survey, I discovered this chart that breaks down closing costs for ea...
08/19/2010
Average closing costs in Maryland and the District of Columbia are less than the national average, according to the results of an annual survey by Bankrate.com. Closing costs averaged $3,741 nationally, according to the survey, which was based on a loan amount of $200,000 and included loan origin...
08/19/2010
Until recently, lenders did not require condominium purchasers (borrowers) to obtain property insurance coverage beyond that provided in the condominium association’s master policy. That all changed last year due to new condominium lending guidelines imposed by Fannie Mae (FNMA) and FHA, which no...
08/19/2010
Almost all title company material and information is geared toward the purchaser, but what about the seller? After all, just like it takes two to tango, you cannot buy without a seller.The reason title companies focus on the buyers is because, in the DC metro area, it is the purchaser who chooses...
06/04/2010
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We re-post our articles here that pertain to real estate pros. Find the original articles on the Federal Title & Escrow Company blog.

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