In Pennsylvania we have a nice sales agreement used by members of the Pennsylvania Association of Realtors. It covers title insurance commitment cancellation fees very nicely in TWO places.
The seller agrees to convey marketable title and the buyer agree to pay for the search, including cancellation fees, if any.
The mortgage contingency clause contains similar […]

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The subject of back-up loans came in a Google alert this morning and since I’m wearing my special RESPA reform hat lately, it played through my mind as yet another problem solved by the proposed reform.
[As an aside Todd has me all freaked out about scarfing pics on the web so just for Todd, […]

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The tax man cometh, and it seems like he wants more every year. Fortunately, there is an easy way to pay less taxes this year than you paid last year — file a property tax appeal. According to the National Taxpayers Association, approximately 60% of taxable property in the U.S. is over-assessed. That’s the majority, […]

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State Street Corporation, the country’s largest money manager for institutions, is in hot water with its investors. More than 200 retirement plans have brought suit against the money giant. Bloomberg has reported that the damages are expected to exceed the $625 million originally set aside for that purpose. The Bloomberg story sources place the damages […]

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I started lenderama with the modest intentions. I wanted a cheap way to connect with my clients. All 50 of them. When lenderama blossomed into the booming voice that it is, my eye’s were opened to how new media platforms like blogging are changing the power structure of our industry.

Sometimes I ask myself why so […]

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Lately I’ve been chatting with quite a few loan officers. In the last 10 days, I spoke with someone who was so desperate, he offered me 50% of his closings for the next 6 months if I could help him close more; and I also spoke with a loan officer who closed […]

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my husband
owes me five bucks.
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