Category Archives: Main

The Closing took Place, But Not Without Some Anxious Moments

A transaction that was cruising along just so well, almost too good to be true, and then right at the last minute while waiting for the clear to close, an underwriter decided to do some muscle flexing.

Ideal clients, with the house going under contract on Mar 21 and we closed on April 14. A 2300 sq ft Colonial sold for $296,000.

The buyers have their home under contract and were well enough positioned to be able to close on their new house before their current home got sold. The Inspection showed some minor problems, but not at all unexpected for a foreclosure, especially when the the previous owners were forced into foreclosure because of a spouse dying.

Posted via web from Title Insurance
Continuing Ed for Title Agents

Mortgage Lenders: Mortgage Lender Requirements Result in Closing Problems And A Dry Closing | ThinkGlink

Mortgage lender requirements are confusing brokers, buyers, and even the lenders who are giving the loans. The new world of mortgage financing requires very strict qualifications for the buyers, and brokers and lenders are having trouble keeping track of the rules. It’s very hard to get mortgage financing right now, and some mortgage financing deals are falling through at the last minute because the lenders and brokers don’t know what will make the buyer fail to fulfill the mortgage lender requirements. The result of these loan requirements is closing problems and a dry closing.

Posted via web from Title Insurance
Continuing Ed for Title Agents

The First American Corporation Reports Financial Results for the First Quarter of 2010 – MarketWatch

The First American Corporation /quotes/comstock/13*!faf/quotes/nls/faf (FAF 34.57, -0.47, -1.34%) , America’s largest provider of business information, today announced financial results for the first quarter ended March 31, 2010.

Total revenue for the first quarter of 2010 was $1.4 billion, a decrease of 1 percent relative to the first quarter of 2009. Net income attributable to the company was $29.5 million, or 28 cents per diluted share, compared with $36.0 million, or 38 cents per diluted share, in the first quarter of 2009.

Posted via web from Title Insurance
Continuing Ed for Title Agents

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