Foreclosure Stats for November 2014

Some good news and yet some not so good news when it comes to foreclosures in the United States. Realty Trac, a source for comprehensive housing data, Dec. 11 released its U.S. Foreclosure Market Report for November 2014, which shows foreclosure filings — default...

Interesting Facts on Foreclosure Filing Increases

Foreclosure filings increase 15 percent from the previous month, but still are down 8 percent from a year ago, according to RealtyTrac’s Foreclosure Market Report. The United States has seen a 112% increase in the number of foreclosures in the past 12 months. This is...

The Latest Scam

Today I was informed of a new scam. A party posing as a buyer sends an earnest money deposit in the form of a cashier’s check to a title agent. A day or two later the buyer informs the title agent that the transaction has died and requests a wire return of the earnest...

WHY DO I NEED AN OWNER’S TITLE POLICY?

      I get this question from realtors, buyers and sellers regarding title policies with every transaction I close. * Title insurance indemnifies the insured when they have a loss because of covered defects, liens, or encumbrances that were not disclosed but existed...