I just received a memorandum from one of our title underwriters. It’s important info if you are involved in purchase transactions in PA with an assignment of interest or contract. The PA Dept. of Revenue issued an amended rule on transfer tax regulations last December. The effect of that change is just now being fully […]
We’ve been working for a homebuyer since June trying to close a purchase.
He thought he did everything right BUT you can’t account for “out to lunch” sellers or their “not so helpful” bankruptcy attorney. [I’m being really kind with those quotes cause these folk have made lots of grief for everyone. More appropriately […]
Life Insurance Without Physicals
Why would you want to get no medical exam term life insurance? After all, in general the more information the insurance company gets to collect, the more receiptive they are to handing out a cheaper rate class!
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This is a great query. First, let’s set aside prepayment penalties because they are rare and also because they are unique. If you have a Note that includes a pre-payment penalty, read those terms carefully for any impact on partial pre-payments. Okay, now for your query.
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A normal title insurance policy will cover valid PA sales tax liens that are due and payable on or before the date of the issuance of the policy. A competent title insurer will carefully check for filed liens and also examine whether or not there is a risk of lien under the bulk sales […]
