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Aptitude Questions and Answers from US Mortgage - Title Search Part 7

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 Aptitude Questions and Answers from US Mortgage - Title Search Part 7 Question No. 1   In all ____________ foreclosure states, the encumbering instrument must explicitly contain power of sale wording. a. Judicial b. Non-Judicial The correct answer is Option b. Non-Judicial. Question No. 2 Judgment Lien is an example of ____________. a. Voluntary Lien b. Involuntary Lien The correct answer is Option b. Involuntary Lien. Question No. 3 Which refinance comes with a higher interest rate as it carries greater risk to the lender? a. Cash-Out Refinance b. Rate & Term Refinance The correct answer is Option a. Cash-Out Refinance.   Question No. 4 For an added premium, title companies will issue an ____________ owner’s policy to cover possible title defects excluded. a. Standard coverage b. Extended coverage The correct answer is Option b. Extended coverage. Question No. 5 There is no need to obtain a survey or inspection for a ____________ policy. a. CLTA b. ALTA Th...

Title Search - Current Owner Search in Title Point Application - US Mortgage

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How to do the Current Owner Search in Title Point? Below Searches are required in Title Point for Current Owner Search: Combination Search Xpress Search Tax Search Property Search Name Search Grantor Grantee Search Instrument Search

Title Search - Reverse Mortgage - Balloon Mortgage - CEMA Mortgage - US Mortgage

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Reverse Mortgage - Balloon Mortgage & CEMA Mortgage https://youtu.be/Hx2T-OKEX-k What is mean by Reverse Mortgage: A Reverse Mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes or homeowner's insurance. Reverse mortgages allow older people to immediately access the home equity they have built up in their homes, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the bo...
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How to use Title Point Application? Combination Search Xpress Search Tax Search Property Search Name Search Grantor Grantee Search Instrument Search Image Search Starter Search Please refer the below link for learn US Mortgage Title Search Process and Procedure. https://youtu.be/bYWfo7ARTFk https://www.youtube.com/channel/UC5yhSmeTeYGVs8qfUKc0vjw

Timeshare Deed & Lady Bird Deed

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  Time Share Deed & Lady Bird Deed Time Share Deed: Timeshare is a form of ownership in which more than one party has rights over the use of a property. What does Timeshare Deed mean: Timeshares usually apply to different recreational properties, such as condominiums, vacation homes, and vehicles. The parties can hold either ownership or lease rights over the property. Each of them can use the property for a certain period of time or rent it out to somebody else. How to Transfer a Florida Timeshare Deed? Florida is one of the most popular timeshare resort areas in the United States. Many Florida vacationers purchase timeshares to have a regular place to stay on each vacation. Because timeshare interests are property, they can be transferred just like other property interests. There are several reasons people transfer Florida timeshares: Florida is one of the most popular timeshare resort areas in the United States. Many Florida vacationers purchase timeshares to have a regular ...

Title Search - Netronline - FL State -Current Owner Search - US Mortgage

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  Title Search - FL State -Current Owner Search -  Netronline Bankruptcy Or Pacer Search - User Manual -  https://pacer.uscourts.gov/sites/default/files/files/PACER-User-Manual.pdf Search Package Stacking Format  Assessor Tax Information Deed - New to Old Mortgage (Old to New) Mortgage 1 and Mortgage 1 support document Mortgage 2 and Mortgage 2 Support document Lien (Old to New) Judgment (Old to New) Additional Support Documents (POA, Affidavit, CC&R, Easement, Aggrement, etc.) Plat Map Search Result (PI, GI & Pacer & Patriot) What are the Search required for Current Owner Search? 1. Assessor Search 2. Tax Search 3. County Recorder Search 4. Court Recorder Search 5. Pacer Search 6. Patriot Search Assessor, Tax & County Recorder Search - Netronline.com Judgment Search - BRB Publication.com Pacer - https://pcl.uscourts.gov/pcl/index.jsf Patriot  - https://sanctionssearch.ofac.treas.gov/

Title Search - Finding Assessor and Tax - Netronline - Locating - Zillow - Melissadata - US Mortgage

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Finding Assessor and Tax Finding Assessor and Tax through Netronline and Locating the property using Zillow and MelissaData websites. melissadata.com - Melissadata site training video is available in below mentioned link. https://www.melissa.com/videos/lookups-address-check