Eastcor National TITLE Services

06/13/2019

What Happens When The Homeowner is Facing Foreclosure?

Short sale.

Mortgage modification.

Chapter 13 bankruptcy filing.

Consequences:

May ruin credit.
Reduced resources, and a substantial amount of debt.
Continuing to be liable for the amount of the home loan on which homeowner defaults, plus substantial interest.

06/11/2019

06/07/2019

06/05/2019

05/31/2019

Happy Friday!

05/24/2019

05/20/2019

05/17/2019

NJ Title Commitment Explained

1. Schedule A
Buyer
Seller
Bank
Loan Amount
Chain of Title

2. Schedule B1 (Requirements to be satisfied for Settlement)
Deed Requirements
Mortgages
Condo Requirements
POA Requirements
Endorsements

3. Schedule B2 (For Information)
Exceptions
Covenants & Restrictions
Judgement & Liens against
buyers and sellers
4. Legal Description
5. Tax Search
6. Tideland Search
7. Last deed of Record/ Mortgages
8. Upper Courts
Bankruptcy Search
Patriot Search
9. Sanctions list search

Contact us for more information!

05/15/2019

Title Search Process