In this month’s article we will go over “Schedule B Part I” aka the “Requirements” section of the Title Commitment. For the purposes of this article we will use a Title Commitment issued by Chicago Title Agency, Inc. for reference. If you’re looking for excitement in a Title Commitment the “Requirements” section is almost always [...]
by Dianna Jackman, Sr. Escrow Officer Chicago Title Agency There is a new sheriff in town and its name is the CFPB. Beginning January 10, 2014, the Consumer Financial Protection Bureau will now be in charge of policing the mortgage industry under the regulations of the Dodd-Frank rules. According to the new rules under regulation [...]
I am hearing a lot of investors these days say they just cannot find a deal. It is time to start thinking outside the box again. Some investors are going after estates and this is one area that you may have issue with true ownership of a property. If you find yourself in a situation [...]
Bank owned and short sale transactions have restrictions against selling to an entity instead of an individual, so there are concerns to be aware of when investing. When you take title in your individual name, there are some additional liabilities to consider. The most important is making sure you have the proper home owner’s insurance [...]
Due to the current lack of inventory, many investors have been thinking outside the box to obtain investment property in the valley. One thing I have started to see more and more of are note sale transactions. To most, note sales seem like easy money but there are a lot of twists and turns that [...]
For the newsletter this month, I would like to focus on the options available for transferring ownership in your transaction. There are a lot of misconceptions out there about what deeds to use and when. We have had many AZREIA members come to us over the years who have taken classes or seminars held by [...]