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<p>Thanks Irvine Renter!</p> <p>I agree that banks traditionally are not in the property management business. However, you must agree that there is nothing standard about this situation. If the crisis deepens and their REO inventory rises exponentially, they may have to consider it. Or are...

<p>I have been investigating the IRS liability for short sale forebearance. I have a question, though, for anyone who may have the answer.</p> <p>Background: Purchase Money Loans are the initial loans used to purchase property, and will show up on the Title Chain as the First Trust Deed at...

Yes, but it does not cover for fraudulent appraisals, since that is not a subject of record.

<p>The CLTA (California Land Title Association) Policy is standardly required to be purchased by the buyer in a Deed of Trust Sale. It is usually referred to as a Standard Policy. It extends protection against matters of record and many non-recorded types of risks, depending on the type of...

<p>Also, Title Insurance only insure that the Chain of Title on the property is correct. This is required by lenders to cover themselves just in case there were some liens on the property or other encumbrances that did not go in the initial Title Report that can detrimentally affect the value...

A warranty deed is a quitclaim deed with certain warranties explicitly listed on the deed itself. This type of deed is almost never used in real estate transactions anymore since the Trust Deed already has the generally accepted warranties built in. Also, a trust deed is required for the three...