Welcome to the ALT Title Blog

 

"Now more than ever, savvy home buyers are turning to the web to better understand the process of buying, selling and refinancing real estate."

-Frank Dowd, Founder & Former President of ALT

The Value of Having Your Own “Wrecking Crew”

By Frank Dowd | Feb 20, 2013

Twenty five years ago when Ronald Reagan was finishing up his second term in office, I passed the real estate exam in Pennsylvania. I still remember the first house that I sold in Willow Grove PA for $85,000 and the rate for the borrower’s thirty-year mortgage was 10.75%. I think I showed Sharon and Jay…

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Consider all of your options before signing a contract to use your builder’s title company

By Frank Dowd | Feb 8, 2013

If you plan on purchasing new construction, do a little homework and weigh all of your options before using the builder’s title company, no matter how hard their sales associates push and try to pressure you.  Why? It’s likely that the builder has a “business relationship” with the title company that they’re steering you towards,…

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Moral of the story: make sure you deal with a reputable title company.

By Frank Dowd | Feb 4, 2013

During the course of a recent refinance for “Ms. Smith, we performed the title search and uncovered a $300,000 IRS lien against the previous owner.  Ms. Smith recalls the title company, the one she hired when she purchased the house, had mentioned that an IRS lien existed.  To her surprise, that title company never resolved…

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Qualified Mortgage Rule is Common Sense

By Frank Dowd | Jan 30, 2013

I invite you to read this recent article by real estate columnist Alan J. Heavens regarding new mortgage rules. Agency’s New Definition May Calm Mortgage Fears, January 27, Philly.com The Consumer Financial Protection Bureau (CFPB) is rolling out new lending rules, designed to help guide lenders in granting consumers safer loans.  Although I am not in favor…

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For Sale by Owner Guide to Selling

By Frank Dowd | Jan 25, 2013

4 Essential Steps to Selling Your Home Like a Pro, from Staging to Closing the Deal Selling your own home requires know-how and commitment.  With a For Sale by Owner, you will have to actively promote your listing and convince potential buyers that your house is more desirable than the competition. This guide reveals the…

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Highlights of CFPB Proposal

By Frank Dowd | Oct 2, 2012

CFPB’s MORTGAGE DISCLOSURE REFORM The Consumer Financial Protection Bureau (CFPB) has proposed changes to the mortgage disclosure process, which would have a major impact on settlement procedures for most consumer mortgages. Click to enlarge graphic. View a 5 page summary of the proposal. Compare the proposed forms to the current forms.

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Refinancing and need to keep your second mortgage?

By Frank Dowd | Sep 19, 2012

Often times, smaller can mean more personal service, better interest rates and faster loan approvals.  But avoid a bank that is too small and looking for more ways to increase revenue at your expense! With millions of Americans refinancing their homes to take advantage of historically low interest rates, some banks are smelling blood in the…

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It’s still a good time to refinance

By Frank Dowd | Sep 11, 2012

For those who may be thinking about refinancing an existing mortgage, we’d like to share an email we sent out to our clients at the start of summer.  In case you thought you missed out, it’s still a good time to refinance.  A few things to consider: First and foremost, rates continue to drop!  If your current rate…

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ALT is here to help!

By Frank Dowd | Sep 5, 2012

When we say “ALT is here to help you” we really mean it! We recently did a closing for a nice couple in Bucks County.  They bought a new home, and just started moving in Labor Day weekend.  They had a steam cleaning service come in to clean the basement carpets.  The technician gave them…

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