ryan j orr: CA Code Section 2948.5 restricts lenders from charging more than 1 day - 05/14/13 06:38 AM
California Civil Code Section 2948.5 restricts lenders from charging more than one day interest from the date the loan is funding until the date the funds are disbursed for the benefit of the borrower. In most cases, the settlement agent makes all the disbursements. As a result many lenders require the settlement agent to disburse timely, or the closing agent will be required to refund the additional days of interest charged to the borrower. Read on to find out what action one lender took when their instructions were not followed.
On September 18, 2012, Provident Funding® sent loan funds to Chicago … (0 comments)

ryan j orr: Short Pay Lenders Are Serious! - 05/14/13 06:24 AM
Short pay lenders are serious about the principals upholding the terms and conditions placed on them by the short sale agreement. One of the most common conditions reads, "The property will not be sold within 90 days of the closing date of the subject real estate purchase contract." Short pay lenders enforce this condition by checking the chain of title post–closing to verify the property owner matches the buyer shown on the settlement statement provided them at closing.
When the title to the property is in the name of someone other than the buyer, they immediately ban the closing agent from … (0 comments)

ryan j orr: Changing With the Times- Team Title Guy Ticor Title - 04/24/13 09:29 AM
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ryan j orr: Zero Demands- Not as simple as once thought! - 04/09/13 06:51 AM
Chicago Title's Albany, Calif. office opened a For Sale by Owner transaction with a sale price of $495,000. The escrow assistant, Debbie Neylan, ordered a title report. The title report reflected two deeds of trust on title, each with a reconveyance recorded with a side note that read, "Said deed of trust appears to be reconveyed by the above recorded instrument. An inquiry must be made with the lender confirming payment prior to close."
Debbie requested loan numbers from the seller, an unmarried woman. The seller responded that the loans were paid in full and she had a new loan that … (0 comments)

ryan j orr: January SoCal Sales Report- Great News trends forward! - 02/19/13 02:36 PM
The Wave Ahead! 

All signals point to the right direction for us and our industry. Check out the numbers below as there are great indicators for the progress that lies ahead. 
We as professionals need to sharpen our skills, and start paddling to get ahead of the future business, otherwise we will get passed as those who have been sitting on the sidelines get back into the business. 
As we are working our business we are knowing our clients more, and placing programs and service accordingly? Does your title company customize there service? 
We Do! Schedule an appointment with us … (0 comments)

ryan j orr: Just Another Day...Really? - 02/19/13 07:02 AM
Just another day... Or Is it? 
We all have life's reminders hitting us square in the face on a routine basis, reminding us to be grateful for the opportinity in our lives, but what do we do with them? 
Here are some of the cliche's:
Life is Short Don't Blink Its the moments that take your breath away Live Like You Are Dying The Dash- 19XX-20XX (what did you do in the dash) My example:
I am a man of FAITH, and I have heard many times, I will pray for you my friend., and I appreciate this greatly. However, some … (1 comments)

ryan j orr: Online Fiance- Sounds Like Manti Teo - 02/15/13 11:07 AM
An Escrow Officer from the Chicago Title Company's Alameda County, Calif. operation was working with an agent named Lynn Lee at Jay Dee Real Estate in San Jose, Calif. on a short sale transaction. On Friday, November 9, 2012 an email was sent from the selling agent to the escrow officer, directing her to wire transfer her portion of the broker's commission in the amount of $5,702.50 to ABC Bank in West Point, Neb. to the account of Beth Black.
On the same day the escrow officer emailed the broker at Jay Dee Real Estate, to confirm the wire transfer of … (0 comments)

ryan j orr: Committed To Stopping Fraud-Stealing Foreclosed Properties - 01/23/13 06:47 AM
Below is an article about a man who stole foreclosed properties from large lending institutions in Southern California. Mr. Boucher identified REO properties in Los Angeles, Riverside and San Bernardino Counties and executed grant deeds as the lender's "authorized representative." In many instances, the individuals he deeded the properties to were the very persons upon whom the lender had previously foreclosed.
 
In February 2012 Eldred Sotello, a Western States underwriter, prepared confidential memorandum #2265 which identified Boucher and many other individuals and entities with whom he collaborated. Eldred also directed an email alert to be issued to the Company's operations … (0 comments)

ryan j orr: Assisted Living- Elder abuse in Real Estate - 12/14/12 06:32 AM
Assisted living facilities are staffed by caregivers who manage personal care, medical care and financial affairs on behalf of individuals who can no longer manage on their own. It is thought to be a noble profession — one of caring, understanding and patience. In this story, however, find out how a caregiver used her position to attempt to bilk her patient out of the equity in her home.
A buyer and a real estate agent came to Chicago Title's La Quinta, Calif. office to open a For Sale by Owner with a rush closing in five days. Tamara Blackford, an escrow … (0 comments)

ryan j orr: Aren't All Title "REPS" the same? Part one - 11/20/12 05:58 AM
Value, how does one define? 

Database Resourcefulness Knowledge Character Personality Follow through Accessibility What value is not is trinkets, donuts and chotskys!    The challenge most title sales executives have is knowing what their true value is, and or even more so, the ability to define their value to a client.   If I could help you close 1 more transaction this year, would that be value?  If I could help you save time and headaches, would that be value? If I could take the time and show you how to truly leverage technology, would that be of value? These … (2 comments)

ryan j orr: Drama- How divorce can kink a transaction! - 11/14/12 09:44 AM
It is amazing how a divorce can affect a closing. Many people believe their domestic problems become the settlement agent's problem and often look to the settlement agent to be the tie–breaker for them. It is important for a settlement agent to take a step back, stay out of the drama and never lose sight of the proper escrow procedures and underwriting requirements.
This story illustrates how a simple refinance turned into a whole lot of drama — other people's drama — and our Company was continually asked to take on unnecessary risks. Read on to find out why it is … (2 comments)

ryan j orr: Role Play: Powerful tool, but why are so many scared to do? - 10/31/12 06:56 AM

Fact:  Role Play, The single most useful tool to improve any sales persons success rate. 
Fact: Only 21% of sales people use role play to improve? 
Question: WHY?
Fear... What do we miss out on when we let Fear dictate our lives? 
Its crazy that one of the best and most relevant tools is so often over looked because we are afraid of looking bad in front of our peers.
When was the last time that you role played?  Positive/ negative? Were you better at your presentation afterwards?  Take the step, put the fear aside and dive in and be … (5 comments)

ryan j orr: Mastermind- LIVE w PASSION! - 10/30/12 07:07 AM
As I read the book the Answer by John Asharaf there are some great reminders of the things that we need to and should be doing on a daily basis! 
Here are a few nuggets about goal setting:
Give Your goals some meaning. Purpose- A monetary goal is great, nbut unless you attach it to something that stirs your soul, it is just a number!  BE SPECIFIC- Financial, Personal, Faith, Family & Physical Monetary Goal- Give Benchmarks- Net worth, Annual Income & the Gift of Giving... Train yourself to take the actions daily to reach your goals.    5 Musts in … (2 comments)

ryan j orr: Vision Board- Power Of Focus - 10/23/12 07:58 AM
Power of Focus 

As we round out 2012 And we start running or business for 2013, are we thinking big and dreaming even bigger. Are we clearly mapping out what it is that we would like to achieve over the next 12-15 months.. 
In the real estate industry our paychecks are usually a delayed gratification by 2-3 months, so realistically creating our 2013 income by our actions today! 
Yes I said it! OUR ACTIONS TODAY, ARE OUR PAYCHECKS FOR 2013! 
A great question is: How is your year going to start? Is your head in the game, and are the … (1 comments)

ryan j orr: Question: How is the market? and your answer is.... - 10/19/12 09:28 AM
I last wrote about the power of Focus, journaling, and today's topic revolves solely around one question?
HOW IS THE MARKET? 
Challenge: the answer can be a slippery slope!
Why, well lets address this point. In today's market we need to be careful what we focus on be use we can be pulled off our target quite easily. Here are a few responses you might hear:
It's tough There's no listings No one will approve my offer I can't fight with cash investors The banks are not co-operating on short sales. I need an REO Account This is the worst market … (2 comments)

ryan j orr: Property Tax Calendar-Reminder - 10/02/12 01:49 AM
It is that time of the year again where monies are collected in escrow for the 1st installment of property taxes! As a reminder as to how they are collected, i have attached a copy f our cheat sheat flier! It is important for agents/lenders to know these schedule, because it can affect the dollar amounts on the good faith estimates, and can potetially throw the numbers of with dollars to close. (especially if its a refi and the borrower currently has impounds)
 

If we remember one thing, THE GOVERNMENT ALWAYS GETS PAID! We will all be better off. … (0 comments)

ryan j orr: Accountability- Mastermind Groups- Value - 09/26/12 05:40 AM

If you are like most people reading is an essential part of growth and knowledge! The #1 challenge can be the application of what you are reading and how to apply it in your business or life.
The Power of a mastermind group is one that allows you to see the full picture. Its is a 360 degree look at the content, and not only how it relates to you at that time, but others too. This allows you to see the content from more than just your rose colored glasses. 
We at Ticor IE are starting a mastermind group … (1 comments)

ryan j orr: Coincidence or Not- Its Awesome... - 09/24/12 05:55 AM
I lost my dad just over six months ago, and it was quite unexpected for us all. The last six months have been a roller coaster of emotions, and sometimes absolutely overwhelming.
This past weekend, my family and I honored a tradition he had started by heading back to Notre Dame, to spend time as a family, remember our time with him and enjoy each other.
More than a few things have been happening, and it may all be a coincidence, but I think not...
My dad pasted away after having a Knee Replacement surgery on his right knee, just before … (4 comments)

ryan j orr: Live your Dream & Avoid the Vampires! - 09/20/12 05:31 AM
Ever noticed how as you go out to conquer the world, how many people come out to tell you it cannot be done? 
Why is that? 
Is it true that misery loves company? 
Not quite sure why, but I can tell you that I refuse to buy into the NAYSAY, and so should you. We need to contunue to surround ourselves with other people who are succeeding and who will continue to support our VISION, DRIVE & FOCUS.
I have found that by a few simple statements or questions, (that can challenge the individual) that when asked appropriately will SHIFT the … (2 comments)

ryan j orr: Eminent Domain- Mortgages- In San Bernardino County - 08/13/12 04:20 PM
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Ryan J. Orr, Team Title Guy- Ticor Title

Rancho Cucamonga, CA

More about me…

Ticor Title

Address: 4204 Riverwalk Pkwy 230, Riverside, Ca, 92505

Office Phone: (909) 748-5151

Cell Phone: (909) 767-0718

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Informed Perspective on San Bernardino/Riverside Counties real estate market from a title viewpoint!


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