Foreclosed owners trashing their own property- What's next? - 05/31/11 04:16 PM
Watching the news yesterday I heard a story about a couple in California who had been arrested on vandalism and theft charges because they intentionally trashed their home.
 Source CNN
The couple had been foreclosed upon and took their anger and frustration out of the house. I guess they thought that they were attacking the lender by reducing the value of their property.
That was until they got arrested on vandalism and theft charges.  
How many times have you as an REO listing agent visited a property only to find the cabinets have been removed, the sinks have been removed, copper … (4 comments)

Buying from HUD of FNMA? What restrictions are placed on re-sale? - 05/31/11 12:26 PM
In light of the thousands of foreclosed properties on the market these days, we find more and more that investors are scooping up on some really good deals to add to their portfolios.
I have received a few contracts lately from investors who want to almost immediately re-sell the property to others. In one case, I had a client who wanted me to do an immediate "flip" into the new buyer.  I remineded him of a particular document that he signed at closing which specifically forbids this immediate "flip" The document was one of several that I am sure he was told … (0 comments)

Yes, I work for myself, but that really doesn't mean my time is my own - 05/13/11 04:10 PM
Ahhh.. Friday the 13th.  I am not a superstitious person, but really, this has been the day from HELL. 
I knew that at some point today I was going to have to pick my son up from the hospital, (he had surgery on his shoulder yesterday) and pick his daughter up from after school care. I am feverishly working on a presentation for a national conference I am speaking at in June and I needed to finish my power point presentation to be delivered to the event coordinater, IT'S DUE TODAY, and my 5 y.o. grandaughter is "graduating" from pre-school tonight. 
… (3 comments)

Where is your title work being processed and how safe is your information - 05/11/11 02:54 PM
As you all may know many title agencies are using the services of off-shore companies to complete the "title searches" on real estate located in the US.  These firms do their "title searches" by going on-line to public websites to access the "chain of title", prepare a report and issue a binder from that "search"
While many jurisdictions have put a large amount of data on line, not all information is available on line and a good title search is best conducted in the field at the court house where the professional abstractor can access ALL the information need to insure … (0 comments)

The use of a POA in your real estate closing should not be your FIRST CHOICE - 05/09/11 04:10 PM
The use of a POA in your real estate closing should not be your FIRST CHOICE
I am doing a transaction on a property in Maryland with a purchase price of $550K and a loan amount of $440K. The buyers, husband and wife, cannot both be in town at the same time. The wife asked if we could do a POA
I told her that as long as the lender approved the use of a POA we could have one prepared for her, send it to her with instruction for execution and notarization, etc.  The bank agreed to the use of … (0 comments)

 
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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

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