We’ve discussed before the importance of gaining Title Insurance when you close on your home purchase (or refinancing). Now, a local case is another example of how this important insurance can save your home and fiances. A lawyer acting as a title agent for Fifth Third Bank is accused of stealing more than $1.1 million dollars from the closing of several home mortgages through the bank. The bank is now suing Donald Richardson and his Commitment Title Agency for the lost funds. The homeowners involved expected their first mortgages to be paid through the refinancing. However, the owners started... [more...]

Our Lender Sharon Natarus at Wells Fargo has supplied this handy checklist of all the documentation you will need if you are going to apply for a loan. Prepare these items in advance to streamline your process. You can get Sharon’s PDF file here. INCOME INFORMATION ☐ 30 days’ pay stubs with year-to-date information for all jobs and for each borrower ☐ Federal tax returns for the years (1040’s) ☐ W-2s for the years ☐ Written explanation if employed less than two years or gap in employment in last two years CREDIT INFORMATION ☐ Most recent two months asset statements listed on... [more...]

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