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title insurance: INTERVIEWING YOUR TITLE AGENT- WHAT DO YOU NEED TO ASK? - 05/09/12 11:43 AM
QUESTIONS YOU NEED TO ASK WHEN INTERVIEWING TITLE AGENTS by The Preferred Title Group, Inc. on Wednesday, May 9, 2012 at 2:38pm · It would never occur to you to enter into an agreement with a Realtor to list your home for sale or to represent you in the purchase of a home without conducting an interview of several Realtors to insure that their experience, licensing, continuing education etc. meets all of your criteria. Nor would you place your trust in a lender wtihout conducting interviews of several lenders to insure that they are offering you the most competive rates … (2 comments)
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title insurance: Lenders BEWARE-First American Title Insurance Company- Quick Start Program- - 01/13/12 12:10 PM
First American Title Insurance Company has recently announced a new "product" of insurance specifically targeting lenders who are partipating in the HARP 2.0 refinance program.
From the January 3, 2012 Press Release issued by First American:
First American's Quick Start HARP solution supports the revised program by helping mortgage lenders develop their own "push" or "pull" approach to soliciting homeowners. In a "push" version, the lender utilizes internal loan data and First American's proprietary title automation to proactively solicit homeowners who might benefit from HARP 2.0. The "pull" version is used when homeowners contact the lender to inquire about HARP 2.0. … (2 comments)
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title insurance: Title Insurance and Closing Services, Consumers should DEMAND more education, protection and transarency - 01/09/12 02:19 PM
I came across a petition the other day posted at myTitleIns.com. This petition hits the nail on the head as it relates to the need for consumers to be better educated and better protected when selecting title and settlement service providers.
This petition reveals many of the issues surrounding the lack of consumer education and protection in the title and settlement services industry. I would love to see a petition of this sort nationwide.
It reveals some startling facts related to title insurance in the State of Colorodo, a state I am not particularly familier with, but the similarites can be … (1 comments)
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title insurance: The Affiliated Business Arrangement Addendum- What it really means to you - 01/03/12 03:24 PM
When a buyer or seller is presented with a standard contract of sale that contract can now far exceed more than 40 pages. Among those pages is often found a page titled "Affiliated Business Arrangement Disclosure Statement"
It is not at all uncommon for the Realtor to present the contract of sale to the buyer/seller and to simply point and say "sign here, here, here and initial here, here, here." More often than not buyer/sellers will do just that without bothering to read any part of the contract, or alternatively, simply reading what they feel to be important to them, such … (0 comments)
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title insurance: Are you marketing to Realtors and Title Agents? You may want to learn more about their business - 08/30/11 04:06 PM
I work with many great companies who provide invaluable services to me. But for some reason many of these companies just don't understand the business other than to know that their product makes our lives a little bit easier and we are a good target market for them.
What gives rise to this particular rant is the fact that today I have taken 2 calls from vendors that I do business with both of whom just wanted to "touch base". While I love to talk to these particular sales people, I DON'T HAVE TIME AT MONTH END to have a discussion … (0 comments)
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title insurance: SHERLOCK HOLMES HAS NOTHING ON ME!! I A PROFESSIONAL TITLE AGENT - 08/03/11 03:51 PM
I am a PROFESSIONAL TITLE AGENT!
But, I spend my days playing detective!
Today, I am trying to solve the mystery surrounding a missing link in the chain of title.
While I am a very good detective, having spent the better part of the last 25 years doing just this type thing every day, I am becoming increasingly tired of this role.
In the current transaction we have a bank owned property that is under contract with a closing date of MAYBE Friday, the 5th of August.
One would think that since there are not less than 3 title … (2 comments)
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title insurance: Should I make my blog more FLUFFY? - 07/14/11 03:22 PM
I haven't been blogging much lately on AR. I became somewhat disenchanted with AR for a while because some of the blogs that were featured seemed to be just FLUFF. By that I mean that they seemed not to impart any particular wisdom but rather just seemed to be posted for purposes of creating a blog for the day.
I do blog almost daily on other sites, these are mostly professional sites and my blogs are geared to those professionals who are driven to those sites.
I need to make my AR blog more appealing to Realtors and to consumers, … (39 comments)
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title insurance: You've done your job!! It's time for the closing. What is your ROLE at closing? - 07/13/11 03:57 PM
THE REALTOR ON THE DATE CLOSING
The realtor plays a very important role in the settlement transaction. It is the job of the realtor to assist the buyer in obtaining financing, assist the buyer in getting inspections done ordering title work and ultimately getting the deal to closing.
Ultimately of course, you want this deal to close and you want to collect your commission check. YOU EARNED IT.
The realtor should always attend the settlement. The buyer may have questions that the title agent cannot answer. You have been involved in the transaction from the very beginning and you have … (0 comments)
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title insurance: FOR IMMEDIATE RELEASE!!!! ANNOUNCING THE PREFERRED TITLE GROUP, INC. IN 24 MORE STATES!!! - 06/21/11 01:35 PM
I am pleased to announce that effective IMMEDIATELY we are able to offer you FULL TITLE AND SETTLEMENT SERVICES in the following states:
AZ, CA, CO, DC, FL, GA, IL, IN, KY, MD, ME, MI, MN, MO, MS, NH, NJ, OH, PA, RI, TN, VA, WI, WV
This new phase of our business development has been a while in the making and I am soooo excited about it.
This will enable all of you to make one phone call to me to get the ball rolling for your closing and title needs for all of your transactions.
Still offering you the … (1 comments)
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title insurance: I will try to help you, BUT PLEASE STOP YELLING AT ME - 06/15/11 04:06 PM
I am truly humbled by the number of people who read my various blogs and who then pick up the phone to ask me questions. It is my strongest desire to try to be of assistance to anyone who calls me with a question. If it is a question I cannot answer, I strive to find the right resource to get the answer and put the caller in touch with that resource.
I took a call yesterday from a woman who had read one of my blogs. Her specific inquiry to me was in relation to what recourse she may have … (0 comments)
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title insurance: 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)
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title insurance: 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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title insurance: What do you grab as the tornado sirens go off? - 04/28/11 10:47 AM
It's been a crazy morning here in Maryland. Tornado sirens are not something that we hear as a matter of course so naturally when they start going off it is necessary to take action.
We have always been told to have an emergency kit put together in case of inclement weather. As the sirens went off this morning, I was fully prepared.
I grabbed my briefcase stuffed with files that had titles I needed to review, my cell phone which enables me to have a "wireless hot spot" and my nook color so that I could communicate with my office … (2 comments)
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title insurance: A real estate closing is like a scrapbook page, it needs glue - 04/18/11 03:44 PM
One of my hobbies is creating scrapbooks for my children and grandchildren. As I was working on some scrapbooks yesterday it occurred to me that a real estate closing is very similar to a scrapbook page. The page starts with an idea, then you lay out your pictures, embellishments and so on until you have a page that is appealing to you. Once you lay out the page you begin to glue the picture and embellishments to the page to create a permanent memorial to a time in your life or that of your loved ones.
NANA and MADDIE sharing … (1 comments)
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title insurance: Yesterday we had HSBC and today it's SunTrust-it will just never end I fear. - 03/03/11 12:46 PM
And now we have SunTrust and HSBC by CHARLENE PERRY | 2011/03/03 |
Yesterday I read that HSBC was suspending all of it's foreclosures nationwide as a result in deficiencies in their foreclosure process and then today, I read this:
An internal review by SunTrust Banks, Inc. has uncovered problems with the paperwork in thousands of foreclosure cases, according to the Atlanta-based company's annual regulatory filing with the Securities and Exchange Commission.
"We recently conducted an assessment of our foreclosure process in all states," SunTrust explained in the report. "Our review indicated approximately 4,000 files...contained documents with technical issues in … (1 comments)
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title insurance: I need a make over!! Will I ever be able to go paperless? - 03/02/11 04:17 PM
I have been unwell for the last several weeks with the Swine Flu.
I am finally back at work and I feel so much better and I do want to thank all of you who took a moment out of your busy days to wish me well.
Being out of the office and truly not working has wreaked havoc on my desk!! I am sitting here now at my desk which is usually pretty tidy and I am OVERWHELMED. There is paper everywhere, I don't know what all this paper is but I do know that I don't feel like dealing … (3 comments)
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title insurance: I DIDN'T MEAN TO, BUT I THINK I QUIT SMOKING!! - 02/23/11 04:34 PM
I have been a smoker for my entire adult life, spanning more than 25 years now. I have smoked upwards to 1 1/2 packs of cigarettes a day for at least the last 20 years. That is a serious lot of smoking and no small amount of money wasted over the years. At $65 a carton, smoking a carton a week I spent about $260/month on something that was killing me, affecting those around me and generally making my life a living hell.
I have repeatedly tried to quit smoking by making New Year's Resolutions, promises to my self and others … (4 comments)
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title insurance: ALLY Financial pulls 250 foreclosures in Maryland due to Robo-signing - 01/20/11 12:29 PM
ALLY Financial withdraws 250 foreclosures in Maryland Heard this on my local news last night and wanted to share.
According to a report by the Washington Post, Ally Financial announced Tuesday it is withdrawing all foreclosures in Maryland signed by an employee who admitted to being a "robo-signer."
Jeffery Stephan testified under oath that he signed off on thousands of foreclosure documents every month without verifying their accuracy or signing them in the presence of a notary.
Because of the controversy and potential paperwork errors, Ally has agreed to dismiss and re-file 250 active foreclosure cases in the state that he … (0 comments)
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title insurance: Insuring Title in the District of Columbia, is it even possible - 01/13/11 06:09 PM
And if it is, do you need to be licensed to do so?
I have one REO client for whom I do a small amount of work in the District. I order title from an independent title abstrator in the District review the title and take steps necessary to "clear" title prior to the client marketing the property for sale. Upon sale I act as liasion between seller and buyer. I DO NOT write title commitments nor do I write title policies on property in DC.
Does that small role require me then to become licensed as a title insurance producer … (2 comments)
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title insurance: How much of a risk are you willing to take? SHODDY TITLE SEARCHES, THE NEW NORMAL - 01/04/11 02:14 PM
Not even a week into the new year I have a file on my desk with such a messy title I can't imagine that anyone bothered to do a title search at all.
The case is the transfer of a property out of foreclosure, imagine that! The title deed is shows the property to be vested in an LLC, the Deed of Trust that gave rise to the foreclosure is executed by an individual, no mention of the LLC that holds title.
There is nothing in the chain of title to reflect that the foreclosure attorney even bothered to have the … (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
Email Me
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