Many large REO Default Servicing Lenders are using foreclosure mills as their title agents on the out sale of REO properties. As I have previously posted I am not a fan of foreclosure mills being assigned the task of closing transactions out of their foreclosure into the new arms-length purchaser...
A true story that made me think... My son and his girlfriend have recently gotten a place of their own and my son purchased a used car for his girlfriend to drive. Naturally, with the purchase of the new vehicle came the need for insurance on that vehicle.  Now the two of them have some credit di...
In a lawsuit filed in Charlotte, NC Bank of America claims that First American and it's subsidiaries have either denied payment or withheld payment on over $500 million worth of claims stemming from title defects, including vesting problems, legal description errors, intervening liens and other c...
Well, the 'net is buzzing once again with news of the latest screw-up by Bank of America.  Seems that they took possession on the wrong house...again.  My question is: how does a thing like this keep happening with the same company over and over again? This time, it's Angela Iannelli of Gibsonia,...
For those of you not based in one of the few states in which ground rent is applicable you will likely not have a clue what I am talking about here, but the gist of this is that I thought that as of September 30, 2010, if the ground rent owner has not filed their information relating to ground re...
Old Republic Title has announced a new rate increase for the State of Maryland that will become effective on April 1, 2010.  This rate increase is cosistent with the rate increases that were granted to all other major title underwriters here in Maryland.  On April 1, 2010 the rates will be publis...
Please see the following link for more details relating to the new Fannie Mae Addendum.  Hopefully it will clarify a few things. Thanks to all Charlene
WOW!! Thank you all for reading my post relating to the new Fannie Mae Addendum, titled NPDC FORM 001 DATED 11-30-09.  I will attempt here to answer some of the questions that have been presented to me over the last week or so from many of you who have called or e-mailed your questions to me.  I ...
Thanks to all of you who have contact me recently asking if I can provide a copy of the new addendum.  While I am always happy to share I hesitate to provide a copy of the addendum since I am not sure whether or not other jurisdictions have additional provisions. For those of you who are able to ...


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