Tippecanoe Title

December 2011 Mortgage Market Share Analysis Tippecanoe County

Tippecanoe Title — Thu, 01 Mar 2012 19:07:05 +0000

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October 2011 Mortgage Market Share Analysis Tippecanoe County

Tippecanoe Title — Thu, 01 Mar 2012 18:59:25 +0000

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November 2011 Mortgage Market Share Analysis Tippecanoe County

Tippecanoe Title — Thu, 01 Mar 2012 18:55:17 +0000

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2011 Year End Mortgage Market Share Analysis Tippecanoe County

Tippecanoe Title — Thu, 01 Mar 2012 18:51:46 +0000

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Bill Proposes Limitations on Deficiency Judgments

Tippecanoe Title — Tue, 13 Dec 2011 15:42:59 +0000

Rep. Ed Towns (D-New York) has introduced a new bill to limit the period of time during which a bank can bring deficiency judgments against foreclosed borrowers.

Currently, the window during which a lender may pursue a deficiency judgment varies by state and can be anywhere from six months to six years.

The Fairness in Foreclosure Act (H.R. 3566) would prohibit lenders from pursuing deficiency judgments more than 12 months after foreclosure, except in states with shorter windows for deficiency judgments.

The act also aims to restrict deficiency judgments against all low-income families.

Additionally, if the amount secured through foreclosure sale does not recover the full amount owed to the lender, the bank would not be allowed to report the deficiency to consumer reporting agencies as an unpaid debt from the borrower.

“A deficiency judgment after foreclosure seems to be one of the greatest injustices that occur to homeowners after they have gone through the arduous foreclosure process,” Towns stated in a press release announcing the Fairness in Foreclosure Act.

“Not only are they behind by thousands of dollars on their mortgage payments and facing public auction of their houses, the ordeal may continue indefinitely,” Towns continued.

By: Krista Franks

If only they had known!

Tippecanoe Title — Wed, 07 Dec 2011 16:37:25 +0000

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If Only They Had Known – Title Insurance Story

Do I need title insurance on a distressed property?

Tippecanoe Title — Fri, 08 Apr 2011 14:50:04 +0000

The question was proposed lately to me, “do I need title insurance on a distressed property?”

YES! When purchasing distressed property, it has commonly come out of foreclosure, bankruptcy, and/or sheriff sale. With a property going through many lengthy and complicated processes, as the title agency we search and examine the property records to confirm that the seller is indeed giving clear title.

Title insurance is going to give you protection from any of those liens that may have been paid but never released, property taxes that weren’t paid, federal/state tax liens, and many more items we see on a daily basis. We search and examine the property records at the time of ordering title work and guarantee our work for the life of your ownership and beyond with the issuance of the title policy.

Allison Overman-Tippecanoe Title Services

The Hardest Thing About Short Sales!!

Tippecanoe Title — Mon, 21 Mar 2011 20:03:41 +0000

One of the hardest things that I have come across is educating homeowners that a short sale program is available to them and there is another option besides foreclosure! Life is unpredictable. When you’re having financial hardships or personal life issues and it has become hard for you to afford your monthly bills including the most costly bill of all, the mortgage, there is help out there. This is why we at Tippecanoe Title Services felt compelled to create a program specifically designed to assist Realtors and homeowners with short sales. Contrary to most beliefs, the lenders are willing to help and understand what you are going through. The banks now are becoming more and more sensitive to the hardships that people all over the world are facing. They are willing to work with homeowners and help them get out from underneath a property that they can no longer afford or that they cannot sell for the amount they owe due to the real estate market. We all make promises to pay the debt back to the bank and with a short sale you still are able to fulfill some of your obligation to the bank as opposed to letting it go to foreclosure leaving the bank with less and you with even more of a hardship. Call or email today to see how we can help!

Kristin Johnsen

Short Sale Specialist

Is money the root of all evil?

Tippecanoe Title — Fri, 04 Mar 2011 21:49:52 +0000

What a great question! IS money the root of all evil? The bible doesn’t say money is the root of all evil, it says the LOVE of money is the root of all evil! So do you LOVE your money? Do the people you do business with LOVE their money? In today’s world it is important to do business with individuals and companies that DON’T love their money but love helping their CLIENTS! Business today seems to have gotten away from simple customer service and has become all about the money! We try our hardest to NOT be about the money at Tippecanoe Title Services which allows us to be about the CUSTOMER! A simple philosophy in life is this: If I do all I can to help others I will be just fine….I try to live by that and help not only my friends, family and my church but also my clients and customers from real estate agents to consumers. It’s not always about us and I was reminded of that recently when my 8 year old daughter decided she wanted to help raise money for our Youth Pastor to go on a mission trip to Africa by having a bake sale. Of course I was very proud of her and helped her set it up and we went into it hoping to raise a couple of hundred dollars but came out of it with over $500 for he and his family’s 4 week vision trip to Africa! I think people saw the love on my daughter’s face when she stood up in front of the entire congregation and talked about her plan! A simple act of kindness from a child became a wondrous financial gift to a family. I don’t LOVE my money, and some days I don’t even like it very much but I can promise you one thing, I LOVE helping my clients!!

Lonny Lawson
Sales/Marketing Director
Tippecanoe Title Services

What to expect at closing!

Tippecanoe Title — Tue, 02 Nov 2010 14:53:23 +0000

EXPECT……..

Free parking in our attached garage which is especially nice during bad weather!
A warm welcome!
Fresh cookies and refreshments!
To provide a copy of your DL or other photo ID!
To ask questions that you may have!
Your closing agent to go over the settlement statement line by line!
Your closing agent to review any and all loan documents!
To receive copies of all documents pertaining to you!
To receive any proceeds you may be getting at the end of closing!
Multiple parties to potentially be present such as:
1. Buyers
2. Sellers
3. Lenders
4. Realtors
5. Closing agent
6. Other TTS representatives

11. Last but not least: Expect Tippecanoe Title Services to do everything in our power to make your real estate transaction as easy and painless as possible……