by | Dec 26, 2010 | Education
Indicted in a check-kiting scheme, Brian Madden, cofounder of the now defunct Liberty Title Agency, NY NY, pleaded guilty in federal court in Manhattan Tuesday to one count of wire fraud and one count of insurance fraud. Madden stole more than $2 million from clients,...
by | Dec 26, 2010 | Education
Many mortgage servicers have been under study recently because of reports of “robo-signing.” Some of the largest servicers including BOA, GMAC, and JP Morgan Chase suspended foreclosures across the country to perform internal audits. Bank of America recently announced...
by | Dec 10, 2010 | Closing, Land Title Technical Stuff, Quality
Another good Equitable Title Post for mortgage and title closers. Shows what can happen when intentions to maintain an interest are not turned into reality because the language was not clearly spelled out when creating the deed. Creating legal documents is much more...
by | Dec 10, 2010 | Closing, Government Oversite
The new Consumer Financial Protection Bureau (CFPB) published the first of a series of five question interviews with Treasury officials. Elizabeth Warren, Special Assistant to the President, is the lead administrator of the CFPB and answered the Questions below. This...
by | Dec 10, 2010 | Abstracting/Searching, Closing, Education, Foreclosure, Fraud, Land Title Technical Stuff, mortgage, Must Read and See
When I teach title examination, closing, title abstracting, and other real estate classes, you have all heard me talk about “Equitable Mortgages,” i.e. A deed is given that has specific language in it that lessens the full impact of the conveyance. A...
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