Title issues are rampant! Foreclosures not executed correctly, sloppy mortgage recordings, trying to determine who owns the mortgage all contribute to delays in title clearance.

The solution?  It would be in everyone's BEST interest that as soon as a home is marketed, the title be searched and resolved.   This will lead to FASTER closings.   As far as the cost of doing this, the lender holding the mortgage(s) would be best served since a delay in the closing just adds to their lost interest per day by not being able to collect their payoffs.  Time is money!  The money the lender(s) lose by delays in title clearance far outweighs the cost of searching and clearing the title.  While this is being done, the property is being marketed. 

So, listing agents, present the idea to the asset manager in control of the property.  Being pro-active is good for all parties!

 

 

Ann Sabbagh, Vice-President

"The BEST compliment is a client referral: Thank YOUUU!"

Seacoast Mortgage Corporation

401-305-6906 or 508-243-1190

Residential & Commercial Financing

MLO10920

RIAR: teacher for "The Mortgage Course"; "Valuation of Commercial/Investment Real Estate"; "Reading Financial Statements"

 

"When you choose me as your mortgage consultant, you also choose a financial planner who cares about YOUR financial strength."

 

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11/13/2010
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The deficit panel is reviewing the “mortgage interest deduction”. This deduction saves homeowners $134 BILLION in taxes. By modifying the deduction over time, the government’s plan is to reduce the deficit, accordingly. But what about the homeowner… more
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BOA has STOPPED foreclosures in 23 states. Missing documents… what…
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09/22/2010
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09/20/2010
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Is your business a "SLOW GROWER"? That's ok!
09/19/2010
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The trees that are slow to grow bear the best fruit. " Moliere One client at a time; one loan at a time; one sale at a time; one open house at a time; one marketing lead at a time. It’s a step process: baby steps; sometimes a large step. But… more
 
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Ann Sabbagh, President, Sr. Loan Officer

Pawtucket, RI

More about me…

Seacoast Mortgage Corporation, RI, MA & CT

Address: 267 NEWPORT AVENUE, PAWTUCKET, RI, 02861

Office Phone: (401) 475-1600 x 306

Cell Phone: (508) 243-1190

Email Me

Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!


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