There has been an increase in title theft cases lately. Title theft is where someone forges your signature and transfers your title to someone else in exchange for money. In other words, they sell your house from under you. County recorders may not catch the forgery. Recorders will check the name of the grantor...
Tag: Title
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CLOSING COST BREAKDOWN
Here are the typical closing costs involved in getting a loan and a quick explanation of each cost: Underwriting/Administration Fee the fee charged by the lender to underwrite the loan. Appraisal fee – lenders require a third party valuation of the property by a licensed appraiser. Credit report fee – the fee charged by...
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STAY AT-HOME ORDERS AND MORTGAGE LOAN CLOSING DOCUMENT SIGNING
Are you about to close on a mortgage loan but you’re under a stay at-home order? Are you wondering how you’ll sign closing documents? Do you have to be at the title/escrow company to sign the loan documents at closing? No, you do not. Many title and escrow companies provide notaries which will allow you...
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LOAN APPROVAL
You received the loan approval from the lender. Does this mean you are done, and that you can now go to closing? Not quite. The loan approval is usually issued by the underwriter after the initial review of the file. It is usually a conditional approval listing conditions that need to be met prior to...