Consumer Financial Protection Bureau Takes Action Against Mortgage Lender for Illegal Payments

Posted By: Patrick Hughes | email Patrick Hughes

Notably, this lender self-reported a RESPA violation. Had it not, the penalty likely would have been far more severe. http://www.consumerfinance.gov/newsroom/cfpb-takes-action-against-mortgage-lender-for-illegal-payments/    

Commercial Real Estate Purchasers – Be Diligent With Your Due Diligence

It is all too easy to toss aside a commercial real estate purchase agreement once signed. However, it is important for the purchaser of commercial real estate to be aware of the terms of the agreement. One of the most critical terms is the deadline by which the purchaser must complete its due diligence for Read more…

Urban Redevelopment – Step 1: Title Exam

Posted By: Patrick Hughes | email Patrick Hughes

Urban Revitalization and Municipal Economic Development Incentives provide intriguing opportunities to for urban minded developers and entrepreneurs. Read more...

MERS: Questions Remain as the Fight Continues

Posted By: Patrick Hughes | email Patrick Hughes

Real estate law and real estate transactions in the United States have been subject to state regulations and county-level recordation requirements since the country’s founding.  As such, every time a financial instrument containing mortgages is sold, various state laws require that the sale of each such mortgage (or deed of trust) be recorded in the Read more…

Don’t Go Without It: Understand the Importance of Title Insurance

Posted By: Jim Dressman | email Jim Dressman

Excel Title echoes the sentiments reflected in the linked blog. Recently we were assisting a buyer in purchasing a home from a seller who had previously purchased it from a “big” bank.  The bank had purchased the property back out of foreclosure. Unfortunately, the title company or law firm assisting in the foreclosure utilized the Read more…

Tips For Purchasing Title Insurance

Posted By: Angela Gates | email Angela Gates

Most people want to know the cost of their title insurance premium before the decision to purchase title insurance is made. However, there are other matters to consider. This article addresses some questions you should ask the title agency when purchasing title insurance. Read more...

Covered or Not: How Title Insurance Can Protect Your Real Estate Investment

Posted By: Patrick Hughes | email Patrick Hughes

There are a number of hidden hazards you must be aware of when buying real estate—hidden hazards that may have occurred prior to your purchase. The only way to properly cover your bases: obtain adequate title insurance. Securing title insurance protects your interests, avoiding claims against your title and insulating you against loss. Read more...

Run a Business in Kentucky? File Your Kentucky Annual Report By October 31

Posted By: Patrick Hughes | email Patrick Hughes

If you own or operate a business in Kentucky, make sure you have filed your Kentucky Annual Report. In a recent press release, the Kentucky Secretary of State’s office warns that tens of thousands of companies face dissolution if they don’t file their annual report by the deadline of October 31. Read more...

As Foreclosure Factory Grinds To A Halt, Title Insurance Is Critical

Posted By: Jim Dressman | email Jim Dressman

This week Old Republic Title Insurance Company announced that it would no longer insure foreclosed homes. This was in response to several large mortgage companies suspending foreclosures while irregularities in foreclosure filings are being investigated. Read more...

Before You Sign a Lease: Title Insurance Is Not Just For Owners and Buyers

Posted By: Jim Dressman | email Jim Dressman

As a tenant of a leased property, you may not realize the pitfalls that are inherent to leasing. You might enter into a long-term lease and plan to complete a property build out, only to encounter a title landmine that sets your business into a tailspin. The good news: obtaining adequate leasehold title insurance can cover these pitfalls. Securing this type of insurance is especially critical if you’re signing a long-term lease. Read more...