by Francine D'Elia Wirsching on October 26, 2009
You may find it convenient to have someone come to your home with notary stamp in hand and a pile of papers for you to sign. What you might not realize is:
- You may be charged a significant settlement fee – sometimes costing you several hundred dollars. While the fee is allowable in Pennsylvania under certain circumstances, the borrower must be informed of the cost in advance.
- The “closer” may only be authorized to witness your signatures and not be able to describe or explain any of the documents. [click to continue…]
by Francine D'Elia Wirsching on October 22, 2009
In Why Shop for Title Insurance, we explained how consumers can protect themselves from inappropriate charges simply by comparing charges from various providers. Now we’d like to provide you information on how to shop for title insurance.
First, check the rates and fees
We’ve developed a Title Insurance Shopping Guide for use in Pennsylvania. This will allow you to compare quotes side-by-side. A detailed comparison will quickly highlight any glaring discrepancies such as incorrect application of the rates or inappropriate or “junk” fees. [click to continue…]
by Dave Wirsching on October 19, 2009
Need a City Real Estate Certification for Philadelphia? No need to go to City Hall.
The Department of Licenses and Inspections Online Certification Site now provides an online application in just a few easy steps. The City charges $100 for the Certification plus an additional $3.00 service charge. Receipt of the Certification can happen in minutes. Payment is made by major credit card. Adobe Acrobat Reader is required to download the certification.
