A lengthy closing period can cost money for both the lender and the borrower, with the average time from application to close being thirty six days. Nations Lending Services recognizes this problem and has addressed it with two new programs: FASTCLOSE and Clear to Close. These programs can reduce the closing process by as much as two weeks!
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Nations Title Agency is excited to unveil its latest amazing service: Single Property Websites. This tool will create a website for one property, allowing real estate agents to fully promote each of their listings and to get new listings. This also includes multiple social networking platforms, specialized text messaging, and a variety of sharing capabilities.
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New ways for Lenders to help consumers with Manufactured Housing came into effect, as Missouri Senate Bill 630, passed by the General Assembly during the 2010 session. This now allows a manufactured home to be converted to real property by a process of affixation beginning March 1, 2011. Title companies, like Nations, may issue an ALTA 7-06 in conjunction with an Owner’s or Loan Policy if the following steps are taken:
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Ohio Revised Code Section 5301.071 provides that the validity of instruments filed for record is not affected by reason of certain matters such as dower not being specifically released, the
absence of a notary seal, the acknowledgment being on a separate sheet of paper or the failure of certain fiduciaries who sign or acknowledge an instrument to indicate their representative capacity.
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On January 1, 2012, the law governing the use of a Transfer on Death Deed in the state of Oregon takes effect. A Transfer on Death Deed allows an individual who owns real property to pass title to their property upon their death, avoiding the need for a probate. Key elements of this new law are as follows:
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