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title: Forgery - 12/17/08 01:39 PM
Forgery - How We're Protecting You
Forgery is the crime of falsely and fraudulently making or altering a legal document. It is a felony punishable by imprisonment in a state prison. It is also an act which may cloud title to property and may result in protracted legal proceedings.
The incidence of forgery is escalating, and the victims are innocent property owners. Title industry figures reveal that over the last decade forgery losses tripled, accounting now for over 20% of all losses paid by title insurers. These statistics indicate that the consumer's chances of becoming a forgery victim are the greatest … (4 comments)
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title: Marital Status and Title Vestings - 11/17/08 01:22 PM
Marital Status and Title Vestings
One of the most common areas of concern in the insurance of title to residential property is that of the vesting of title, as it is affected by the marital status of the owners or prospective buyers. Although on its face, the issue would seem simple, the human condition seems to work to make it more complex all the time.
Consider the concept that a person is either married or not.Well, what about "separated?" tells a title insurer that the person is married and that there is some sort of problem between the person and his … (3 comments)
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title: 7 Reasons You Need Title Insurance - 11/12/08 12:43 PM
7 Reasons Buyers Need Title Insurance
Title Insurance can help ensure the buyer and the lender that title defects will not make the property unsaleable in the future because of:
• Forged Documents
• Undisclosed Heirs to the Property
• Misfiled Documents - such as deeds, liens, and mortgage satisfaction documents
• Confusion Caused by Similarities in Names
• Incorrect Marital Status
• Mental Incompetence
• Mistaken Legal Interpretations of Wills or Trusts
Remind buyers that because the lender's liability under a title insurance policy is usually limited to the outstanding balance of the mortgage, it may be possible to cancel … (0 comments)
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title: What's in a name? - 11/10/08 04:49 PM
Understanding Statements of Information
What's in a name?
When a title company seeks to uncover matters affecting title to real property, the answer is, "Quite a bit".
Statements of Information provide title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard the judgments, liens or other matters on the public records under similar names.
Q: What is a Statement of Information?
A: A statement of Information is a form routinely requested from the buyer, seller and borrower in a … (0 comments)
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Nicholas Ellsworth
Burlingame,
CA
More about me…
North American Title Co.
Address: 330 Primrose Road #600, Burlingame, CA, 94010
Office Phone: (650) 696-1725
Cell Phone: (650) 703-8257
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