Remove Buyers Remove Document Remove Legal Fees
article thumbnail

Two Southern banks complete mortgage eNote transfer

Housing Wire

Truliant, which serves more than 270,000 members and over 30 member financial centers in North Carolina, South Carolina, and Virginia, met a series of standards relating to eSignatures, eNote documentation, eClosings, eRegistry requirements, and eNote vault requirements, said Todd Hall, Truliant president and CEO.

Mortgage 349
article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer. The buyers purchased title insurance, which turned out to be an excellent investment.

Insurance 493
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

Insurance 415
article thumbnail

Low Appraisal Fees in 2024

Appraisal Today

CFPB-2024-0021 ] NOTE: USE THIS LINK TO READ THE DOCUMENT AND THIS NAME TO USE THE COMMENTS PORTAL BELOW. Request for Information Regarding Fees Imposed in Residential Mortgage Transactions AGENCY: Consumer Financial Protection Bureau. When shopping for a house, buyers are usually focused on the total size, list price, and location.

article thumbnail

Tips for Buying and Selling a Home at the Same Time

PennyMac

To ensure you're thoroughly ready, consider the following steps: Get a New Mortgage Pre-Approval: Gain clarity on your budget and strengthen your position as a buyer by getting pre-approved. Try to create a blank canvas for a buyer to easily envision living there, along with their own personal belongings, loved ones and lifestyle.

article thumbnail

First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

The First-Time Buyers Incentive can lower your monthly mortgage payments. As explained by the National Housing Strategy, the First-Time Home Buyers Incentive is a program that lets you borrow 5% or 10% of the sticker price of a home. There are two options, 5% or 10%, depending on what you qualify for as a buyer.

Insurance 143