owner: Title Insurance - A Refresher - 10/14/08 08:30 AM
Jenny and Joe Colon with Shaffer Title came to our office today to bring us a wonderful lunch and give us a refresher on title insurance.
Did you know the first title insurance policy was issued in 1876?  How about  that the dollar value of claims on one of the "big five" title companies has risen from $500,000 in 2002 to over $20 million in 2008?
We all know there are 2 types of title insurance:  lenders and owners and they protect the financial interest in real property against loss to title defects, liens or other matters.
Unlike what many buyers … (6 comments)

owner: "I Want to Do a Short Sale" Says the Seller - 10/05/08 05:12 AM
 
Wendy Rulnick makes some great points in this post.  The drawbacks vs. benefits should be explored and analyzed fully before making a decision to pursue a short sale.  I would also add:  what is the average market time in your area?  If it is greater than 90 days and the seller is behind on payments, an inquiry needs to be made to see if the bank will postpone foreclosure proceedings with adequate documentation.  I would also recommend giving the buyer a document explaining the short sale process and ask them to sign it.  Unfortunately, their agent may not give them … (6 comments)