Archive of posts tagged act

Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

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To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a …

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Title Insurance and Living Trusts

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Understanding Title Insurance Requirements for Insuring Living Trusts In today’s world of busy probate courts and a desire for privacy, the living trust has become a common manner of holding title to real property.  What will the title company require if a trustee holds the title to the property which is part of the trust?  …

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10 tips to snag a mortgage in 2011

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Mortgage lenders tightened their standards after the subprime-mortgage mess, and that won’t change this year. But mortgage loans can be had. Follow these 10 tips from MSN.com to secure a mortgage at an interest rate and under the terms that are right for you this year: 1. Have the right credit score The best combination …

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Freddie Mac Extends Foreclosure Protection for Service Members

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Freddie Mac will delay initiating and resuming foreclosure for at least nine months for financially troubled service members released from active duty through the end of 2011. The decision will give lenders more time to work with service members and explore relief options designed to assist them, according to a statement from Freddie Mac. “Our …

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