tag:blogger.com,1999:blog-36096789.post7720425123997525067..comments2023-04-11T01:02:46.639-04:00Comments on Title Insurance Talk bsherry@tcsclosing.com: Thanks but no thanks, says lender. Title stinks. HUH?Becky Sherryhttp://www.blogger.com/profile/06708452533161661554noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36096789.post-47943921287640311592007-06-19T09:54:00.000-04:002007-06-19T09:54:00.000-04:00Guess we're gonna see all kinds of goofy stuff as ...Guess we're gonna see all kinds of goofy stuff as these subprime refi churns get digested and regurgitated back into normalcy.Dhttps://www.blogger.com/profile/13347332449162866987noreply@blogger.comtag:blogger.com,1999:blog-36096789.post-31104527107610220052007-06-19T09:44:00.000-04:002007-06-19T09:44:00.000-04:00I looked at a file about 6 months ago that had a w...I looked at a file about 6 months ago that had a who's who of defunct lenders as successive mortgagees. Starting in January 2003, Lender A does a loan for $80K. 6 months later, O does a loan for $97K. In January 2004, A's affiliate, AR does a loan for $115K. In June O's affiliate N does a loan for $135K. In January 2005, F does a loan for $150K. Finally, in June 2005, B does a loan for $165K. B's holding company forecloses and vests as owner in early 2007, offers property for sale at $85K. There really weren't any title problems per se, but is was an interesting case history of a praticular property's refi cycle. This particular propery was registered, and thus had a Torrens Certificate of Title, clearly listing the mortgages and the ratcheting amounts of leverage. I can think of vague reasons why a lender may not want this reminder of the policies hanging around, but nothing specific - it's not like the file itself would be destroyed.John Povejsilhttps://www.blogger.com/profile/17329296013220651622noreply@blogger.com