Title Insurers & Lenders reach agreement. Is it safe to buy foreclosures?

By George Fotion

Real Estate Agent with Call Realty Company

October 29, 2010 08:45 AM


10/29/2010
	State AGs Start Meeting With Banks Loan modifications are among the solutions the 50-state attorney general task force wants on the table. Read more >

	Practitioners Responsible for Full Disclosure A California court has ruled that practitioners have the same responsibility as sellers to disclose info related to the value of a property, including circumstances surrounding short sales. Read more >

	Mortgage Rates Inch Up Again The average rate for 30-year mortgages crept up to 4.23 percent this week, but it's still much lower than usual. Read more >

	Title Insurers, Lenders Reach Agreement Large title insurance companies decided not to require banks to indemnify title insurers from foreclosure mistakes in all deals, but indemnification may be necessary in some instances. Read more >

	Reluctance to Move Could Slow Recovery As home values fall, remain flat, or grow slowly, executives and other potential employees are increasingly unwilling to move to take new positions. Read more >

	10 Best Cities for Trick-or-Treating Zillow ranked the best places for kids to get Halloween treats based on home values, walkability, and other factors. Read more >

10/28/2010

Wells Fargo Says It Will Refile 55,000 Cases
Like other banks, Wells made foreclosure paperwork mistakes, but it plans no foreclosure freeze.
Read more >

New-Home Sales Rise; Builders See Stabilization
Builders' trade group thinks 2011 will see start of a recovery.
Read more >

New Credit Score Tailored for Lenders
FICO says the new score better predicts troubled borrowers.
Read more >

Mortgage Bankers Predict Rising Rates in 2011
MBA thinks rates will rise to 5.1 percent for long-term, fixed-rate financing.
Read more >

Property Resales Don't Compare to S&L Crisis
Managing and selling seized property is big business now, but it was bigger business in the early 1990s.
Read more >

Attorney Encourages Foreclosure Resistance
North Carolina lawyer helps financially troubled home owners challenge banks' foreclosures on paperwork grounds.
Read more >