Title insurance, also known as an owner’s policy is an insurance policy that protects real estate from loss as a result of a legal dispute or title defect. While a title search usually spots whether or not the home is the seller’s to sell, they are not infallible and rarely turn up other issues. For example, if a previo0us owner still has claim to the property, they could file a lawsuit and have the new ”owner” evicted. Even third party individuals from the house’s past, such as unpaid contractors, could take out a lawsuit against the property.
Oct 7 2011 | Posted in
Home Insurance |
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I have issued a cheque towards first year premium along with the proposal for insurance. The cheque dated the first of the month has been encashed by the insurance company on the third of the month. But they have issued the insurance policy only on the 19th of the month with the date of starting [...]
Jul 30 2011 | Posted in
Insurance Q&A's |
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One of the official duties of the new president was to ensure the FHA loan limits would change. With the fall of Fannie Mae and Freddie Mac it has been essential to try and re-stimulate the economy. The stimulus bill has allowed for Fannie Mae and Freddie Mac to guarantee loans at new limits. It [...]
Mar 6 2011 | Posted in
Mortgages |
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Did you know you have a car loan credit score that is used by lenders to help you get the next car that you want to buy? Whether you want a new SUV or a compact car, the choice may not actually be yours. Your car loan credit rating may be what determines what you [...]
Feb 28 2011 | Posted in
Loans |
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What should you do if you simply don’t have the money to rescue the account from charge-off, or if the account has already been charged off by the creditor?
Feb 27 2011 | Posted in
Credit Cards |
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