This is a new take on what seems to be an old common scheme we have all been seeing. A check fraud scheme attempted in recent weeks involves buyers attempting to use counterfeit checks, purportedly drawn on Canadian banks. The checks at issue are usually cashier that they are drawn on a foreign bank, the checks take much longer to clear.
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Originators who submitted data for this survey represent the entire spectrum of lender shops, from banks and credit unions to mortgage bankers and mortgage brokerages, and their titles range from loan officer all the way to company president.
When Buying a property from Hubzu real estate auction....
What you should know when buying property at Auction.com...
When buying at Auction.com you should invest in purchasing your own title and city lien searches. Below are words directly from their site...
"It is your responsibility to review the transaction details for each specific property to determine the type of title you will be receiving. We urge each bidder to conduct their own due diligence, to include researching the property’s title report and possible liens." Auction.com
Recently, we found what appears to be several fake mortgage satisfactions in Broward County.
Broward County Title Problems
What you need to know before buying a property in Broward County
Mortgage Title Insurance is used by lenders to protect them from any unknown issues that could arise after they make a loan on any real property. Mortgage Title Insurance is required so you will need it, the good news is that if you have your prior owners policy you will be able to obtain whats called a re-issue credit.
As many seniors elect to utilize a reverse mortgage to either buy a home or use the equity to live. We are a title company who specializes in Reverse mortgage closings and can help you learn how to save money on your closing.
By completing our closing cost quote form we will provide you with a quote that you'll be able to compare to the good faith estimate provided to you by the lender you hired.
Many of you have probably tried to modify your mortgage only to end up frustrated because your bank gave you a modification that although made sense for them but didn’t work for you. You've even probably heard where the bank actually offered a homeowner(s) a loan modification that actually increased their monthly mortgage payment. This typically happens because they add the missed mortgage payments to the backend of the loan, then they try and recast the loan over many more years to try and keep the payment down.