by | Jun 29, 2010 | Closing, First American Title, Licensing, Old Republic National Title, Ticor Title, Title Insurance
A Forest Lake couple, Cynthia and Steven Strand, are in jail, facing 35 charges that allege $1.2 million was diverted from real estate sales through the couple’s closing company. Strand Closing was licensed as an independent closing service that closed loans for...
by | Jun 27, 2010 | Closing, First American Title, Fraud, RESPA
A recent lawsuit, Edwards v. First American, claims exclusive contracts between title insurance agents and underwriters are illegal under RESPA Section 8. Point in case: In 1998 First American purchased a small equity stake in Tower City Title Agency in exchange for...
by | Jun 27, 2010 | Closing, Education, REO
Press Release This week, Fannie Mae announced policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure. Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative...
by | Jun 27, 2010 | Closing, Education, Fraud, Licensing, Title Insurance
Consumers have been forced to teach their children not to answer the door because on the other side may stand a bill collector and other innocent victims find their home is now in foreclosure. Their problem: refinancing their home mortgages with Fort Wayne Title. The...
by | Jun 26, 2010 | Abstracting/Searching, Closing, Education, Fraud, Land Title Technical Stuff, Quality, REO, Title Insurance
Many title insurance companies are working from existing files these days, or just go back a deed or two. The underwriters seem to be good with this. In other cases, title proteges swap use of files between a number of companies. But the quality of the searches and...
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