Insurance Content Index - Page 3

**Short Sale Process Problems Arise When Contractor Liens Home** Short sales, foreclosures and other purchases of real estate can always lead to problems. One risk in buying a home in foreclosure or from a seller in a short sale is that the seller or the bank owner had work done on the property and the contractor never gets paid. The contractor, in this case a painter, then files a contractor lien on the home and the subsequent buyer may get stuck with the bill.

**Title Insurance May Solve Encroachment Issue** If you are buying a home and find out you may have a title problem, you should talk to the title insurance company to determine if the title problem can be insured over by the title insurance company. Many real estate properties have minor title insurance problems that are small enough that the title insurance company may be willing to give you peace of mind with coverage under the title insurance policy.

**Short Sale And A Full Price Offer** If you receive a full price offer for the sale of your home, can the lender still consider the sale a short sale? What if the full price offer covers all expenses and covers the entire amount owed to the lender, would the sale still be a short sale? This reader questions why a lender might under all circumstances consider a full price offer as a short sale no matter what.

**Taylor Bean and Whitaker Trouble: Continued Mortgage Bankruptcy Hearing Update** Mortgage borrowers are scrambling for answers as their funds have been frozen; What do you do if you receive letters from two different mortgage servicing companies claiming that each one of them is going to service your Taylor Bean and Whitaker loan? We've received an update and past court documents from the United States Bankruptcy court detailing Taylor, Bean Whitaker trouble.

**Loan Modification Help: Why Lenders Are Slow To Provide Loan Modifications** Millions of Americans have applied with their banks to obtain a loan modification. They desperately need loan modification help. The loan modification process is taking an extremely long time. Now homeowners want to know how they can get a loan modification -- whether under the Obama Making Home Affordable Plan or not -- and why the lenders are slow to provide loan modifications. A new study is revealing some answers.

**$8,000 First Time Home Buyer Tax Credit: Trying to Buy and Inherit a Home At The Same Time** The first time home buyer has all kinds of restrictions: income, how long you must live in the home, how long you couldn't have owned a home and who can sell you the home. There are even restrictions on whether you can qualify for the $8,000 first time home buyer tax credit if you plan to rent the home or receive the home by inheriting it.

**$8,000 First Time Home Buyer Tax Credit: Buying A Partially Inherited Home** The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. If you are buying a home from a close relative, you won't qualify for the tax credit. But what if you inherit the home?

**Contractor's Liens and Foreclosures** Worried about contractor's liens? When you buy a foreclosure, check to see if there are any contractor's liens against the property that have survived the foreclosure. Often, the lender will wipe out all other subordinate liens, including contractor's liens, in the foreclosure process. But in some cases, those liens may still exist and be valid. If you suspect there might be other liens that will be filed against the property even after you close, be sure to purchase a title insurance policy with coverage over contractor's liens. You will want to have this insurance in place to have a title company cover the costs of litigation and the costs to remove the contractor's liens with the purchase of the title insurance even if you bought the property after a foreclosure.

Ilyce Glink Show Notes - October 11, 2009 How to Profit from Foreclosures and Free EBOOKS, GDP, Budgeting, Saving Money, Unemployment Numbers. Great real estate advice and personal finance advice from the show!

Ilyce Glink Show notes - October 18, 2009 FDIC shuts down the 99th bank this year; FREE BOOKS and EBOOK DEAL; How to Profit from Foreclosures; Herman Cain show.