Title TRIDbits
We strive to be your go to Title Insurance Agency please check our website often as we will post frequently asked questions & answers concerning title searches, title insurance and the Consumer Financial Protection Agency (CFPB) rules and regulations. Question. Title to a single family residence is vested in a married woman individually. Does her husband have […]
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Q Title is in the foreclosing lender by Sheriff’s Deed. They have several judgments against them; how do we clear them? Answer: Naturally our first choice is to have them paid and/or released. Often, however, they are unwilling to do so and instead are offering an indemnification. We may be willing to accept such […]
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Q. How do we document that an owner has waived owners title insurance coverage? Answer: Use the attached form. (for your convenience you can get this and other forms by going to the “Resources” tab and click on “Forms” NJSA 46:10A-3 provides Whenever in connection with the making of a real estate purchase money mortgage loan […]
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Volume 5 How do I handle the situation if the consumer states that they never received the Closing Disclosure (CD)? Simply call the lender and tell them the consumer states that they did not receive the CD in advance and then inquire if the lender would like you to proceed. Remember, if the lender used […]
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Title’s TRIDBITS Volume 1 Do you know what determines whether the Closing Disclosure (CD) form is delivered three days in advance? The lender is responsible for the delivery of the CD but the Rule allows the lender to designate another party to handle the delivery. Because the requirement is so strictly defined and the penalties […]
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