Trademark Title News

Trademark News
                    

                                                 On the Go                                        NOVEMBER 2009

 

www.TrademarkTitleServices.com

Savage            Lakeville            Shakopee

                                                                              952-226-7900      952-223-6400         952-224-8300

 

                      Closings may also be available in the following based on availability:

                                                                             BloomingtonCoon Rapids  ▪ Roseville ▪ Wayzata

­

Certified Copies of Documents

When helping out your customer with certified copies remember you can not remove the staple.  If you need to make photo copies, you must go page by page.  If you remove the staple the document will no longer be considered certified. 

You can obtain new certified copies at the county where the document was recorded for about $10.

 

Rural Development

Properties that are in rural development areas may be qualified for special 100% financing and no mortgage insurance.  You can check to see if your property qualifies by going to:

www.usda.gov

 

Homes Are Expected to Get Cheaper

If you thought home prices were bottoming out, you may be wrong. They're expected to head a lot lower.  Home values are predicted to drop in 342 out of 381 markets during the next year, according to a new forecast of real estate prices.  Overall, the national median home price is predicted to drop 11.3% by June 30, 2010, according to Fiserv, a financial information and analysis firm. For the following year, the firm anticipates some stabilization with prices rising 3.6%.

                                                                                                     ~ CNNmoney.com

Your Client has Rights

According to the MN state statues, your client has a right to choose their own title company regardless of contracts and REO property demands.  It is your fiduciary responsibility to get your client the best deal with their best interest in mind.  Your client deserves their own representation.  We offer special pricing for REO transactions.  Call us for a price quote today.

Trademark Title 952-226-7900

 

MN Statute 507.45 RESIDENTIAL REAL ESTATE CLOSINGS.

Subd. 4.Choice of closer; notice.

(a) No real estate salesperson, broker, attorney, auctioneer, builder, title company, financial institution, or other person making a mortgage loan may require a person to use any particular licensed attorney, real estate broker, real estate salesperson, or real estate closing agent in connection with a residential real estate closing.

 

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