“Why would we want to find the tax assessor records for a property?” you may ask. ANSWER: To prepare the HUD-1 before sending it to the short-sale lender. For example, a homeowner may be 2 years past due on their property taxes, but you fail to list the past-due taxes on the HUD-1. Then the short-sale lender approves the HUD-1 as WRITTEN. So you go to escrow, the title company runs a preliminary title report (AKA “prelim”) and you find out that $10,000 is owed in property taxes.
Posted via web from Title Insurance “The flood insurance program has lapsed twice this year. For each day the program was inactive, up to 1,400 homebuyers seeking to buy homes in flood plains were unable to close on their homes . Posted via web from Title Insurance Herbert R. Walton has been promoted to the newly created position of Northeast Region Manager for Old Republic National Title Insurance Company (ORNTIC). As Northeast Region Manager, Herb’s area of responsibility will be expanded to include the New York/New Jersey and New England Divisions, in addition to the Mid-Atlantic States he presently oversees. He will continue to work out of the Company’s Wayne, PA, office. Richard Wilson, Senior Vice President for New York/ New Jersey, and Dana Solms, Senior Vice President and New England States Manager, will now report to Herb. Posted via web from Title Insurance
Continuing Ed for Title Agents
Frank Introduces National Flood Insurance Program Bill | RealEstateRama
Continuing Ed for Title Agents
Herb Walton, CLTP
Continuing Ed for Title Agents
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