escrow washington state: The CFPB is Making Changes to the HUD-1 Settlement Statement - again... - 03/23/12 01:45 AM
The CFPB Is Making Changes to the HUD-1 Settlement Statement - again...
Imagine a combined Truth-in-Lending Statement and HUD 1 Settlement Statement.  That is precisely what the Consumer Financial Protection Board has been working on for a number of months.   If this is the first you have heard about this topic, you will want to sign up for their email alerts and perhaps "friend" them on Facebook.The CFPB is proposing that this document be in it's final form and available to the borrower 3 days before signing.  As you know, there are many moving parts to a HUD, including but not limited … (0 comments)

escrow washington state: Earnest Money Notes Payable to Escrow - WHY? - 03/23/12 01:33 AM
Earnest Money Notes Payable to Escrow - WHY? Please do not make your promissory notes for earnest money payable to escrow/title, make the Note payable to the seller.If the buyer backs out of the transaction and the seller seizes the note for compensation, what good will it do the seller if the Note is payable to your escrow or title company?Remember that escrow is a Neutral Third Party - not a representative of either the buyer or the seller.  I have seen many, many notes payable to escrow and or title.  Thankfully none of these deals fell through - but in this … (0 comments)

escrow washington state: U.S. Department of State Issuing New Diplomatic Tax Exemption Cards - 08/15/11 10:20 AM
Retailers: U.S. Department of State Issuing New Diplomatic Tax Exemption Cards
OLYMPIA – Aug. 15, 2011 – Retailers should be aware that the Office of Foreign Missions in the U.S. Department of State is issuing new Diplomatic Tax Exemption Cards.
The redesigned cards authorize the exemption from sales, occupancy, restaurant/meal, and other similar taxes on the official and personal purchases of foreign diplomatic and consular missions and their members in the United States.
The new cards contain security features intended to defeat any attempts to manufacture counterfeit cards.  The Office of Foreign Missions began issuing them in June and expects to … (0 comments)

escrow washington state: The Importance of Title Insurance - 08/05/11 08:26 AM
The President of ALTA Discusses the Importance of Title Insurance Anne Anastasi, then President of the American Land Title Association spoke at the Conference in Texas  on the issue of Robo Signings and ownership.
Who pays for the title coverage?  The seller pays for the title coverage that insures the buyers into title and the buyer pays for the title insurance coverage that insures their lenders loan.
In a previous issue, I discussed the 3 different types of owners title coverages as how they relate to mechanic liens.
Here is a link to a site that offers you the differences between the Standard Title Coverage and the Homeowners Title Coverages.  (Keep in mind that … (4 comments)

escrow washington state: Free Workshops Expand to Help Jobseekers in Boeing Hiring Blitz - 04/05/11 06:28 AM
Free workshops expand to help jobseekers in Boeing hiring blitz 
 EVERETT - More aerospace jobs are concentrated in Snohomish County than anywhere in the world, and the number is growing.  But getting the attention of Boeing and other aerospace companies can be daunting for some jobseekers.
 "For every 100 applicants, Boeing screens out about 75 of them, often because they didn't know how to accurately describe their skills," said Employment Security Commissioner Paul Trause.  "WorkSource is turning that trend around by teaching job seekers how to develop résumés and applications that get screeners' attention."
 As recruiting ramps up, WorkSource is … (0 comments)