Tag: title insurance

  • Escrow -- It's What Happens After Your Homebuying Offer Is Accepted

    Escrow: What Happens Next After Your Offer Is Accepted

    The hard work isn't over when your offer on a home has been accepted. In fact, it's only beginning. Continue Reading

  • Minneapolis Woman Jailed for Mortgage Fraud

    Minneapolis Woman Jailed for Mortgage Fraud

    A 50-year-old woman in Lakeville, Minn., was sentenced Wednesday to three years and three months in prison for embezzling more than $220,000 from a title and real estate company where she worked, not including the $10,000 of stolen funds she repaid. Kuntee Shamo Singramdoo (pictured left) pleaded guilty to... Continue Reading

  • Why MERS Is Center of Foreclosure Mess

    Why MERS Is Center of Foreclosure Mess

    News stories placing the Mortgage Electronic Registration Systems (MERS) at the center of the foreclosure storm make MERS the villain in this financial crises. While it's true MERS does enable foreclosures, the problem is a lot bigger than the electronic mess at MERS. Courts in some states are refusing to... Continue Reading

  • Foreclosures: Are Fewer Worse Than More?

    Foreclosures: Are Fewer Worse Than More?

    We all know the housing market has been hurt by too many foreclosures being processed too quickly. But now that documents are being reviewed more closely and the process is taking longer -- as it well should -- some housing industry experts are saying fewer foreclosures may be even worse for the... Continue Reading

  • Title Insurance: Protection You Need

    Title Insurance: Protection You Need

    Why is title insurance so important? Consider the recent case of some homebuyers in Texas who purchased properties without title insurance, only to find out later that there were outstanding liens on the homes. When the builder who sold them the homes failed to pay the debts, the creditors instituted... Continue Reading

  • Buying Foreclosures: Do You Own the Title?

    Buying Foreclosures: Do You Own the Title?

    Suppose you bought a foreclosed house and moved in with your family. You loved your new home -- until this month, when news broke that major banks had screwed up thousands of foreclosures by rushing through the process. In at least one case, a single bank official signed as many as 8,000 foreclosures a month,... Continue Reading

  • Foreclosure Freeze Fix? Property Title Warranties

    Foreclosure Freeze Fix? Property Title Warranties

    Despite all of the sensational headlines calling for a national foreclosure freeze, the best solution to the fiasco is more centralized than many politicians would have you believe. After all, only one small industry is at the center of the robo-signing foreclosure conundrum that's currently gripping the... Continue Reading

  • Scammers Sell House While Owner Is Away

    Scammers Sell House While Owner Is Away

    Internet scammers conned a real estate agent into secretly putting an expatriate Australian man's home on the market. He returned from overseas to learn that one of his two properties had sold and another was under contract without his prior consent. Roger Mildenhall, who had been living in Cape Town, South... Continue Reading

  • Closing Costs on New Mortgages Up 36.6 Percent

    Closing Costs on New Mortgages Up 36.6 Percent

    The average origination and third-party fees on new mortgages are up 36.6 percent over last year. In 2009, the average costs for closing a mortgage totaled $2,739, but that cost is up to $3,741, based on BankRate.com's 2010 Closing Costs Survey. The biggest difference is in third-party costs for appraisals and... Continue Reading

  • Reduce Your Refinancing Costs: Get to Know Those Fees --SPONSORSHIP

    Reduce Your Refinancing Costs: Get to Know Those Fees --SPONSORSHIP

    Everyone pays fees when they refinance a loan, but did you know that those fees are negotiable? When you're refinancing, pay close attention to the bottom line. Fees can add $3,000 to $6,000 to the costs of refinancing, which means it could take longer for you to get full advantage of the lower interest on your... Continue Reading