ACCIDENTAL RELEASE - 02/23/10 11:12 AM
I took a call yesterday from a "servicing company" in California relating to a property here in Maryland.  Their question to me was one I had never bad before. It seems that they accidentally released a Deed of Trust in the local land records and they wanted me to tell them how to get the Deed of Trust re-recorded.  The larger problem is that they did not want the borrower to know that they had accidentally released the DOT.
I was pretty sure of the answer but went ahead and called the clerk's office anyway and was advised that the borrower would … (0 comments)

NEW FANNIE MAE ADDENDUM - 02/22/10 02:39 PM
I was very pleased to learn last Friday that Fannie Mae is using a new addendum for their REO properties.
As you may know all banks use their own addenda for REO sales.  For many years now Fannie Mae has been using basically the same addendum which stated that the buyer MUST use the seller's title agent and that the cost of transfer taxes and stamps would be bourne in full by the buyer.  Fannie Mae is in fact EXEMPT from the payment of transfer taxes and stamps, although some local jurisdictions push the entire burden on the buyer without taking … (15 comments)

FOLLOW UP TO AIG IS AT IT AGAIN - 02/18/10 01:57 PM
A great big THANK YOU to all of those of you who were kind enough to provide information for various  carriers of E & O Insurance.   I have gotten a quote from TitlePac which I am quite pleased with.  I am so thankful for this forum and for those of you who are active and willing to share your information and expertise. 
Thanks to all.
Charlene
… (0 comments)

AIG IS AT IT AGAIN - 02/02/10 09:26 PM
Well, I guess you know I just have to comment on this!
In an article in today's Washington Post written by Brady Dennis it has been announced that AIG is planning on issuing bonuses to employees of their Financial Products Division, with an additional tens of more millions worth of  bonuses to be paid out in March. Some of the employees who stand to benefit by these bountiful bonuses don't even work for AIG any longer, but yet......
We are reminded by Mr. Dennis that "the Financial Products Division is the unit whose risky derivatives deals brought the insurer to the brink … (2 comments)

 
Keys Rainmaker_large

CHARLENE PERRY

Perry Hall, MD

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THE PREFERRED TITLE GROUP, INC.

Address: 3605 E. JOPPA ROAD , BALTIMORE , MD, 21234

Office Phone: (410) 663-7444

Cell Phone: (410) 456-7157

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