Opening Titles & Closing Remarks

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Title Insurance - John Bethell Title Company, Inc.
Real Estate Closings, Title Insurance, and Market Statistics and Commentary from Bloomington, Indiana

ARCHIVED BLOG POSTS

2008 

Getting deals closed is increasingly frustrating. The current dynamic nature of loan programs and guidelines is making everything more difficult. The lightening rod for all of this is often the loan underwriter. I'll admit that more than once I've wondered why something is a problem on a deal whe...
10/30/2008
We just finished compiling our monthly statistical package for September. A recent network upgrade put us behind the curve for a week or so, but we're caught up now. Our property records data base shows that through September, the sale market in Monroe County continues steady and is off about 20%...
10/29/2008
There's a right way and a wrong way to buy on Land Contract, a popular form of seller financing in the Midwest. Here are four mistakes that I see all too frequently in Land Contract sales. Mistake No. 1: Not recording the Land Contract or a Memorandum of Land Contract in the public records. Recor...
10/22/2008
For a city our size, Bloom® is a magazine of remarkable quality. Bloom® is the passion of editor and publisher Malcolm Abrams. Malcolm, a quintessential New Yorker with years of publishing experience, visited Bloomington a few years ago, fell in love with our city, relocated and decided to publis...
10/19/2008
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The reputations of many ethical, hard working Mortgage Brokers, Realtors®, Appraisers, Title Companies and others have been tarnished as a result of the actions of an unscrupulous few over the last 5 years. It's guilt by association. Are we about to experience deja vu all over again? The other ni...
10/17/2008
This post deals with Insured Closings from the seller's side. Earlier this month I posted about Insured Closings from a buyer's perspective; what is and is not actually insured. To quickly recap, an Insured Closing is when the title insurance underwriter (not the local agent, but the actual insur...
10/14/2008
We just completed a major upgrade to our network server. Completed as in your loan approval is completed except for these 43 stips; upgrade; as in 3 years this will work much better than what you're using now; network, as in that virtual binary ether of bits, bytes and bps that revolutionized the...
10/12/2008
When Realtors® and Lenders start asking me if I'm busy, I know what they really want to know. "Are you busy?" usually means "Am I the only one who is not busy? Please tell me so I know it's not just me." Tammy Walker, our Sales V.P., is getting this question a lot lately. We talked about how we s...
10/08/2008
A client asked me yesterday "How much FDIC Insurance does your escrow account get?" Wow! Is this a sign of the Apocalypse or what? The quick answer to my client's question is that if the escrow account is set up and administered correctly, then the FDIC will treat each individual closing or escro...
10/02/2008
In Indiana, we close and disburse at the closing table, not in Escrow. Most title companies in Indiana and many elsewhere advertise Insured Closings as well as title insurance and other services. But what is an insured closing? It is a broad term that is ripe for misunderstanding. An insured clos...
09/30/2008
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John Bethell

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