Entries from Searchlight Crusade tagged with 'insurance'

What If A Title Search Misses a Lien?

I refinanced my house and an existing lien was not discovered Now the important question: Is it a valid lien, or has it really been paid, and just not released of record? If it has been paid, you don't...

Title Insurance, or Preventing Fifty Ways to Lose Your Money

Yes, I've always kind of liked Paul Simon. But this post was inspired by something I ran across from a title company. And just to make certain you realize what I'm saying, it's fifty ways to lose your money if...

Title Insurance, Unpaid Liens After The Sale, and Subrogation

I sold my house in (state) in august 2001 I hired a title attorney whose (local company X) acted as a agent for (national company Y). The facts are that there were errors and omissions which led to negligence...

Impound Accounts Facts and FAQs

I've seen a fair number of questions on impound accounts in the last several months. An impound account, also known by the confusing term escrow account because the lender is holding it in escrow, is money that you give the...

Mortgage Protection Insurance - The Worst Life Insurance Policy You Can Waste Your Money On

One of a long series of emails about this horrid product: (identifying details redacted) Learn How To Make More Money Per Client ($500-$1000) In This Workshop You Will Learn Why The Most Successful Mortgage & Real Estate Professionals Across The...

Lenders and Insurance Proceeds

The question that inspired this was can a mortgage company use the flood insurance claim money towards homeowners mortgage loans? This is equally applicable to every other form of insurance on your home - earthquake, regular homeowner's insurance, and any...

What Can You Recover From the Title Company When They Miss an Easement?

"what can a consumer recover from title company for undisclosed easement" Basically, the cost of the immediate remedy, at least here in California. Here's a standard example. Mr. and Ms. Smith buy a property and they wish to put a...

Recording Errors and Title Insurance

I just got a google search where the question asked was "What if the mortgage is recorded in the wrong county?" I've never actually seen this (and San Diego County, once upon a time, included what is now Riverside, Imperial...

100% Financing or Low Down Payment or Low Equity: PMI May Be The Only Option

One of the casualties of the lending meltdown is the high loan to value second mortgage. With many properties locally having lost twenty percent or more of their value, a second mortgage on a property that ends up in default...

Disasters, Insurance, and the Mortgage

after Katrina I am upside down with my mortgage. my house is uninhabitable. My flood insurance check doesn't payoff the mortgage. How can i get a short payoff due to financial hardship - i.e. relocation loss of jobs and...

Beware Agendas in Your Financial Reading

Figures don't lie, but liars sure to figure - and filter, and slant, and just about anything else you can think of. Someone sent me a link to this article in the Wall Street Journal of all places. It...

What If Your Deed Is Recorded Incorrectly?

I just got a google search where the question asked was "What if the mortgage is recorded in the wrong county?" I've never actually seen this (and San Diego County, once upon a time, included what is now Riverside, Imperial...

How Do I Get Rid of Private Mortgage Insurance (PMI)?

"How do I remove PMI?" was a question that I got. First off, a definition. Private Mortgage Insurance, often abbreviated PMI, is an insurance policy that the bank may make you buy in order to get the loan. It is...

Real Estate and Loan Agents Selling Mortgage Life Insurance

Just got another in a long series of emails about this horrid product: (identifying details redacted) Learn How To Make More Money Per Client ($500-$1000) In This Workshop You Will Learn Why The Most Successful Mortgage & Real Estate Professionals...

100% Financing or Low Down Payment or Low Equity: PMI May Be The Only Option

One of the casualties of the current lending meltdown is the high loan to value second mortgage. With many properties locally having lost twenty percent or more of their value, a second mortgage on a property that ends up in...

Bogus Claims = Higher Premiums = People Cancelling Homeowner's Insurance

Here's the leading edge of the problems and cost of persecuting insurance companies by requiring they insure things they did not agree to insure: Homeowners drop insurance after Katrina Facing soaring premiums or feeling shortchanged by their insurers, a...

Mississippi to State Farm: You Can't Win, You Can't Break Even, and We're Not Going To Let You Leave The Game

Mississippi AG seeks legislation on State Farm Mississippi Attorney General Jim Hood said Friday he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state. He said...

Hurricane Katrina: Homeowner's Insurance and Wind vs. Water Damage

Punitive damages awarded in Katrina case The Broussards sued State Farm for refusing to pay for any damage to their home, which Katrina reduced to a slab. The couple, who wanted State Farm to pay for the full insured value...

Naming Beneficiaries - Do It, and Keep Them Current

what happen when 401K leave blank on beneficiary Nothing unless you die, and it's not covered in your will or other documents. Then the state's intestate code takes effect. Each state has a law for how the estates of...

Title Searches Missing a Lien

I refinanced my house and an existing lien was not discovered Now the important question: Is it a valid lien, or has it really been paid, and just not released of record? If it has been paid, you don't...