You're all set to close on that file you have been working so hard on, you go over your closing checklist one more time. Mortgage payoff letter obtained and the good through date duly noted, check! Association estoppel letter requirement met, check! Wait a minute...are you sure? A common source of post closing problems involve the lack of estoppel letters for all associations having jurisdiction over the property and all types of assessments. Can there be more than one association and more than one source of assessments? Absolutely, and failure to pay all assessments due to all applicable associations can result in a claim. Your title agent should always collect and remit to the applicable association whatever amount is shown on the estoppel certificate. Any dispute regarding the amount shown on the estoppel in any transaction must be resolved prior to closing and any change in the amount due reflected in a new estoppel obtained by the agent directly from the association or...

Let me take a few moments to explain why title insurance is so important. Title insurance is intended to protect the insured from improper titling, including defects in foreclosures (as you call tell we have had a lot of that in our area), proceedings, forgery, or impersonations or cases on which no title is legally conveyed. Other defects to keep in mind are partial, such as garage encroaching on the insured person property, or a neighboring fence. The title insurance industry recently set down strict guidelines for when and if they will insure a title to the property on which there has been a foreclosure. The buyer should be equally vigilant, insisting and paying for an owners policy as well as the lender policy that the bank will demand. The real estate industry has experienced it's share of ups and downs over the past year, but if you make sure to stick with a reputable title company like Title Junction you are sure to make the road ahead a lot less bumpy! Source: Washingto...

Twas the night before your closing, when all through the office Not a creature was stirring, not even the mouse. The files were stacked on the desk with care, In hopes that Jennifer Ferri soon would be there. The realtors were all nestled all snug in their beds, While visions of approved short sales danced in their heads. And Vicki at her desk, and I in my zone Had just settled in for a long day on the phone. When out in the parking lot there rose such a clatter, I sprang from my chair to see what was the matter. Away down the hall I fell on the floor, Tore open the blinds and opened the door. The moon on the grass of a new fallen dew Gave the lustre of mid-day to objects below. When, what to my wondering eyes should appear, But a miniature sleigh and eight tiny reindeer. With a beautiful driver, so lively and merry I knew in a moment it must be Ms. Ferri More rapid than eagles her coursers they came, And she whistled, and shouted, and called them by name! "Now Dasher! now, Dance...

Title Junction’s Holiday Open House You’re invited to Title Junction’s Holiday Open House on Dec. 14, 2010 from 10am until noon. Jennifer Ferri will be there to answer all your real estate title questions. Be sure to mark your calendar,the staff at Title Junction looks forward to seeing you there. Please call (239) 415-6574 or email swylie@title-junction.com to RSVP on or before 12/13/2010. Title Junction is located at 6313 Corporate Court, Suite C, Fort Myers, FL 33919. Visit us on the web www.title-junction.com

"THANKFUL" Thankful for amazing people in my life Having the most wonderful clients Amazed Never give up your dreams Kind hearted Fortunate Use Title Junction for all your closing needs Loves working with you Title Junction wishes you and your family a very happy Thanksgiving!

Mortgage lenders and banks are very cautious about home mortgage these days, right up to the closing date. To make sure your closing goes smooth simply follow these four easy steps provided by MSN Real Estate. 1: Avoid ANY major purchases before closing your mortgage loan. Some homebuyers think that just because they have a mortgage deal lined up, the deal is done. NOT SO! Banks have been known to pull mortgages when the homebuyer buys a new car, or makes another major purchase, Such purchases suggest more debt for the homebuyer and more risk for the banks. Avoid big ticket items until you have signed on the dotted line. 2: Prepare for last minute credit check. This is related to point number 1. but the twist. With new rules initiated by Fannie Mae's loan quality initiative, which went into effect June 1, banks and lenders will make a second credit check right before closing. So if you miss any credit card payments or are late on a mortgage payments between the time you ...

Buying your first home can be frustrating but with these simple tips it may make your process a whole lot smoother. Before you start take a fresh look at your household budget to determine how much you can spend on a mortgage each month. Keep in mind there will be additional expenses that owning a home will entail, phone, cable, and electric bills and any other unexpected bills that might arise example, your fridge breaks down, or the water heater goes out. Request free copies of your credit report. You are entitled to receive a free one annually from each of the nation's main credit reporting agencies. Review your report to ensure that all information is correct. Familiarize yourself with all of the variables generally associated with financing a home such as interest rate policies, terms points and fees. By following these basic steps the process of buying a home will be a less stressful for you. Happy house hunting!

Title Junction Celebrates Their 5th Anniversary! This months marks Title Junction's 5th anniversary. Jennifer Ferri opened the doors of Title Junction in October 2005 with the determination to offer her clients the best service and value, this is what has made Title Junction such great a success! Title Junction looks forward to providing their clients with many more years of outstanding service. Jennifer believes in bringing you "the real estate closing relationship you deserve..." Title Junction is located at: 6313 Corporate Court, Suite #C, Ft. Myers, FL 33919 www.title-junction.com

Fourth Lender Halts Foreclosures in Robo Signing Storm

When your Realtor calls to bring a prospective buyer to your home, prompt attention to last minute details can enhance your home's appeal. Follow these simple tips and you are bound to sell your home quickly. 1) Straighten up the minor messes. Take the newspapers to the garage, put the china and silverware in the cupboards, and don't forget to put the ironing board back in the closet. 2) Clear the table. The collection of magazines on the coffee table maybe handy but it causes clutter. 3) Confine your pets. Some people are not as fond of Fido as you are, so please make sure to keep dogs, or cats in transport kennels in the garage or basement, (depending on the temperature). 4) Leave the light on! Even your Realtor won't necessarily remember that the switch for the recessed ceiling lights is hidden in the closet. 5) Leave your home whenever possible. You hired your Realtor because of their experience on home sales. Stay out of the way, some buyers don't feel comfor...

You don't have to wait until your child is applying for college to apply for scholarships, there are scholarships that can be found for kids 13 and even younger. For example Kohl's gives $290,000 through its Kohl's Kid Who Care Scholarship Program (kohlskids.com) to more than 200 kids ages 6-18 who volunteer in their communities. Here are a few steps to discover the scholarships available. First register for scholarship alerts from free websites lake fastweb.com, and scholarship.com. Another good one for children under the age 13 can be found on finaid.org Second, collect clippings of scholarship awards at the end of the school year from newspaper, school publications, graduation announcements. You may also ask your child's guidance counselor about locally awarded scholarships. Third, it's always good to encourage your child yo give back. Millions of dollars are given every year to students who have a positive impact on their communities. Companies like Prud...

With the long Labor Day weekend just around the corner, there's not a better time to work on adding value to your home. Your spouse and kids might also be around to help pitch in. I have selected five ways that cost less then $1000 to help create value in your home. How about doing some landscaping? This is a less expensive project estimated at costing you about $300 to $400 which might bring your $1,500 - $2,000 in value according to HomeGain.com. Use plants that add color and complement your house. My favorite is paint. It's amazing what a fresh coat of paint can do to transfer your home. Keeping it neutral will attract more buyers. According to HomeGain.com this will bring you a 250% return too. Plus the kids will love to help! Another money maker is storage and organization. Homes functions can be just as valuable to the potential buyer. The estimated cost for this project will be about $20-$500. Another great project to have the kids help, maybe they can start with their c...

To stay or walk away from the house we have called home seems to be the million question we are faced with everyday. Who has the answer? The media tells us basically what we want to hear, but I want to hear what's right for me, and I guess the only person who can make that decision is me! I was reading an article today, "Should you feel guilty if you walk away", I know I would. The government has put into place several different programs for those under water, unable to make their payments, people living payment free because the courts are bombarded with foreclosures, what about me??? Yes what about me! I feel there are plenty of us out there who are making our payments, and why can't we take advantage of these historically low rates??? Because there is no program available for us. Yes we are upside down, but too much to qualify for the 125% Harp program. The government should reward those of us staying and not walking away, how about a tax credit for us too? ...

Did you have clients who missed the tax credit dead line? It may have seemed like a big mistake but waiting could have been the smartest thing to do. Why you ask? Well interests rates have fallen so dramatically since April 30th that the typical purchaser of a $350,00 home financed, with a $280,000 mortgage would have saved a bundle by waiting until May. April's average rate of 5.34% a home buyer would have locked in a 30 year fixed rate loan with a monthly payment of $1,561.82 That same buyer could have snagged a 30 year fixed rate loan at the rate of 4.625% in May and paid $1,439.59 per month. That adds up to a $1,467 annual savings and over 30 years it's a total of $44,003 To sum it up both programs are (were)great, it's nice to know even if we miss out on something another door always opens!

I am glad to hear good news coming from the City of Cape Coral, thank you Cape Coral Daily Breeze you put a smile on my face. The Federal Emergency Management Agency has notified the City of Cape Coral that the community has received an increase in their flood insurance rating, which will save the policy holders nearly 6 million dollars on their flood policies. FEMA is awarding Cape Coral a Class 5 rating in the National Flood Insurance Program's Community Rating System, Cape's last rating was a 6. "This is very good news for our residents who live in the Special Flood Hazard Area as they now will receive a 25% discount on their flood insurance premiums", said City Manager Gary King, "Cape residents who live outside this area also receive a 10%discount on the flood insurance costs." Any savings is wonderful! Participation in the National Flood Insurance Program's Community Rating System is voluntary. Class ratings are issued on a scale on 1 to 9 the lo...

Sometimes we all must take a break and blog about fun and quirky stuff, it can't always be about work and our related fields. Like today I have decided we need to put an end to the age old question: "what came first the chicken or the egg?" So do you have a guess? I bet you do and I hope it's right, me personally I think it was the chicken that came first. The answer you all have been waiting for is finally in. Researchers from two universities in England say they've finally have an answer which came first. Scientists say the egg cannot be formed without the protein ovocledidin-17. This essential ingredient helps the shell develop and is produced solely inside the chicken. Therefore, if the egg must be produced inside the chicken, then it was (drum roll please...) the CHICKEN who got the whole thing started. Were you right? I was, I am so relieved now that the mystery is solved, I hope you are too! Now if we can just figure out why they would want to cro...

Established in 2005 by Jennifer Ferri, Title Junction LLC, was created to personalize each and every transaction making clients feel welcome and secure in all their decisions. Title Junction is a full service title company positioning ourselves as an industry leader constantly striving to meet and exceed our customers' needs and expectations with uncompromising ethics. Here at Title Junction our team will bring you a vast experience of knowledge and understanding in the title industry. We can respond quickly to your needs, with the flexibility to adopt creative approached for unique circumstances. We want everyone to feel like family, giving you the "real estate / closing relationship you deserve..." We look forward to keeping you informed with our Blog, should you have questions or concerns let us answer them for you!