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...