Posts Tagged ‘title insurance’
The Value of Having Your Own “Wrecking Crew”
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…
Read Full ArticleMoral of the story: make sure you deal with a reputable title company.
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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