Archive for June, 2009
Can’t Get No Satisfaction (Part One)
You’re headed toward the finish line. The goal: closing. You’ve taken all the precautions, done all the leg work. Maybe it’s your first closing, so you’ve got your helmet on and your training wheels attached. You’re moving right along. Then it happens: there’s a missing mortgage satisfaction. A Big Fat Title Defect. I confess that [...]
Closing Attorney Does Not Represent Lender
Today, the South Carolina Ethics Committee issued Ethics Advisory Opinion 09-07. The Committee addressed the issue of whether, in a routine residential closing, the closing attorney has an attorney-client relationship with the lender. The Committee said the attorney does not act as an attorney for the lender unless the lender is relying on the closing attorney for more [...]
Thank You to My Friends
Now that I’ve been blogging for about two months, I’d like to say thank you to some friends of mine who have helped me along the way. First and foremost, I’d like to thank my good friend Dave Walker. Dave is both a true friend and a talented website designer and software programmer. Dave has [...]
But I Paid the Rent!: Protecting Tenants at Foreclosure Act of 2009
There is good news for any tenant facing eviction after foreclosure. The Protecting Tenants at Foreclosure Act of 2009, which became law on May 20, guarantees almost all tenants at least 90 days after receiving notice of foreclosure before they can be evicted from their homes. This applies even to month-to-month [...]
Insurable Title and Marketable Title
Every few months I get a call from a realtor or a client asking me to explain the difference between “marketable title” and “insurable title.” Usually, this comes up in connection with some particular title issue that has either been disclosed by the seller or that our office has found during our title search. “Marketable [...]
