NOVEMBER IS MILITARY APPRECIATION MONTH- I WRITE THIS BLOG TO HONOR MY FATHER - 10/31/10 11:39 AM
I am a proud US AIR FORCE BRAT! My father was a proud member of the US Air Force for 27 years.  He retired from active duty when I was a teenager. He did not want to retire, he was still a young man, only in his early 50's.  My mother, however, had grown weary of travel with 5 children and had been yearning to be closer to her family for years.
My father's duty took us to various military installations world wide and those experiences made me the person I am today. One cannot travel from installation to installation, school … (7 comments)

NO- I WON'T REDUCE MY FEE- I ALREADY EARNED IT - 10/29/10 01:32 PM
My buyer wants me to reduce my fee.  The transaction is of course, an REO purchase.  He claims that my $350.00 settlement fee is too much.  This fee includes title clearance.  Let me give you an idea about what I had to do to clear your title befoe I charged anything to you.... 
Verify that-
There are no senior lien holders That the foreclosed Deed of Trust was not a 2nd and that the 1st is not still out there getting ready to pounce on this property with a new foreclosure filing That there are no legal action pending that claim priority over the foreclosed Deed … (10 comments)

WEEKLY ROUNDUP-THE FORECLOSURE DEBACLE and INSURING YOUR REO PROPERTY - 10/29/10 12:48 PM
I have had a busy week and am feeling a little like I am in "information overload". It seems that, at month end, if a file can go to hell, it certainly will; and this month has been no exception to that rule.  
I have read several new bulletins from various underwriters and several news articles relating to the foreclosure debacle.
As always, I remind you that you need to INSIST that your buyer protect their assets by having their REO transaction handled by a title agent who is very well versed in transferring title out of REO and who has NO AFFILIATION … (0 comments)

I HAVE PRAYED FOR THE BEST BUT AM PREPARED FOR THE WORST - 10/27/10 12:32 PM
It's a nasty day here in Maryland. Rain and humidity in abundance.  Resulting in my feeling a little blah.
My blogs usually consist of some information that I feel pertinent to the industry, but today I am going to talk about this past year and how hard it has been. 
As I look at projections for the remainder of this year I am hopeful that things are starting to turn around and that the market will stabilize and allow me to continue to have a modicum of success, but more importantly to allow me to continue to help people looking to … (0 comments)

FOLLOW UP TO MARYLAND FORECLOSURE FRAUD - 10/26/10 04:13 PM
It's been a long week and I have spent countless hours trying to weed through all of the information that is coming to light here in Maryland relating to foreclosure fraud.
As I had indicated in a previous post, Maryland has in fact begun to investigate fraud in foreclosures statewide.  An emergency measure has been put in place to allow the courts to review thousands of affidavits filed in foreclosure cases, many of which (thousands) have corrective affidavits filed in the cases.  The judges are now able to demand that the attorney present him/herself to the court in person to certify … (1 comments)

MARYLAND REO PURCHASES- TRICK OR TREAT? - 10/18/10 03:03 PM

There have been many articles lately in the news and on-line about the rash of foreclosure "fraud" that seemingly is running rampant in courts across the country.  And there has been much discussion about lenders "freezing" foreclosures nationwide.  While there may well be a "freeze" I can tell you that I received e-mail alerts today advising that more than 30 new properties came on the market today, all of which have gone through foreclosure and all of which are now being sold on the open market by the banks. So while there may be a freeze on new foreclosures, those … (0 comments)

I TOLD YOU SO - 10/14/10 01:22 PM
In October 2008 I sent letters to members of Congress, Fannie Mae, ALTA and MDLTA relating to the fact that the large servicing entities had made decisons to begin to use foreclosure mills nationwide in an effort to streamline their foreclosure processes. In so doing they may well have streamlined the process, but, we all see now just what that has meant to those of us in the title industry as well as for the consuming public.  My particular concern at that time was not so much related to the actual foreclosure filings, but was related to the lack of oversight of the … (0 comments)

I tried to take the weekend off, but..... - 10/12/10 01:23 PM
I really did.  I intentionally did not turn on the TV to watch the news, I did not spend a lot of time on-line trolling for information relating to foreclosures, but..
I took two calls yesteday from home because I closed my office for the holiday.  I know, I know, it was a minor holiday in a lot of people's mind, but I am just exhausted from all of this foreclosure mess.
As you know I am an REO title specialist. I have worked for many years with large banks and REO firms and as such have maybe more of an … (0 comments)

AN OPEN LETTER OF CLARIFICATION TO MY REO CLIENTS - 10/04/10 11:56 AM
Dear REO business partner: 
As you are all aware there has been much talk in the news over the last few days relating to whether or not the major title underwriters will allow policies to be issued on property that has been foreclosed upon in the name of JP Morgan/Chase, GMAC and others. 
On Thursday September 30, 2010 I received a bulletin from my underwriter, Old Republic National Title Insurance Company, advising that they would not allow us to write policy on these properties.  And then on Friday, October 1, 2010, I received an updated bulletin from ORT softening their position … (3 comments)

GMAC/ALLY and obtaining Title Insurance - 10/01/10 03:56 PM
I am an REO title specialist.  As such I have reviewed thousands of files for properties that have been foreclosed upon.
I have written here in this forum on many occasions about the use of foreclosure mills in foreclosure transactions. It seems that the public has finally been made aware through the mainstream media of the blatent disregard to following the rules that runs rampant in these foreclosure mills. 
The focus of my practice here is clearing title for properties coming out of foreclosure and acting as seller's liasion in many cases or alternatively, acting on behalf of buyers of properties … (2 comments)

 
Keys Rainmaker_large

CHARLENE PERRY

Perry Hall, MD

More about me…

THE PREFERRED TITLE GROUP, INC.

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

Office Phone: (410) 663-7444

Cell Phone: (410) 456-7157

Email Me

src


Listings

Links

Archives

RSS 2.0 Feed for this blog