Krishna Kumar R

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...

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

  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 - 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/

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

Title Search - It's Types Difference Between Commitment and Preliminary Report & Title Search Applications Title Search - Title Search is also called as Owners & Encumbrance Search. Types of Title Search Current Owner Search Two Owner Search Limited Search Updated Search Full Search Basic Title Search Standard Procedure Based on Input Address we need to take the Assessment and Tax from Netronline PI - Property Index Search Property related Doc’s and Property related Lien’s GI - General Index Search Money Judgments, Liens & Bankruptcy Required Documents - Deed, Open DOT/Mortgage, Open Liens & Judgments Probate Search - Estate related documents  Plat Map/Condominium Map/Track Map Exception Documents - Easement, CC&R, Agreement and Amendment doc’s Starter - Direct Starter, Adjacent or C Starter and Master Starter Pacer Search or Bankruptcy Search Patriot Search or OFAC Search (Terrorist related cases) Types of Products: 1.        Refin...

Module 11 -  Probate Proceedings Probate: Probate is the legal process of settling a dead person's estate: specifically, distributing the decedent's property confirming the validity of a will. Probate Proceedings: 1. Authenticating the last will and testament - Death Certificate and Will Document 2. Appointing the executor or a personal representative - administrator - testate (with a will) and intestate (without a will) administration. 3. Posting the Bond 4. Locating the decedent’ s assets  5. Determining date of death values 6. Identifying and notifying creditors 7. Paying the decedent’s debts 8. Preparing and filling tax returns 9. Distributing the estate 1. Death Certificate   Proof of Death Document 2. Last Will and Testament   A will or testament is a legal document that expresses a person's wishes as to how their property is to be distributed after their death and as to which person is to manage the property until its final distribution. 3. Executor or Perso...

Module 10 –  Foreclosure,  Easement & Miscellaneous Documents Foreclosure:             Foreclosure is the legal process whereby a lender (bank or secured creditor) terminates the owner. Deed in Lieu of Foreclosure: A deed to real property from a defaulting borrower and accepted by the lender to avoid the necessity of having the lender go through formal foreclosure proceedings. Used by owners to voluntarily convey the title of their property to the mortgagee/beneficiary (lender) to avoid the negative credit consequences of a foreclosure. Lenders are generally reluctant to accept a “deed in lieu” unless the title is free and clear of any other encumbrances junior to theirs and the owners execute an estoppel affidavit acknowledging that they are acting volitionally with informed consent. A homeowner can qualify for a deed-in-lieu of foreclosure if: They are in default and do not qualify for any of the other opti...

Module 9 –  Involuntary Encumbrance Documents Tax Lien: It is a lien on a property by Local, State or Federal Government for the amount of due and unpaid taxes.  A Tax Lien is released of record by recording a “Release of Lien”. Judgment Lien: It is a lien on the property of a debtor resulting from a court’s judgment. A Judgment lien is generally released of records by recording of a satisfaction of the judgment. Types of Judgment: 1.       Abstract of Judgment 2.       Support Judgment 3.       Mechanic’s Lien or Supplier Lien 1. Abstract of Judgment: The Judgment that is abstracted by the creditor from the original judgment issued by the court which would list the details of the debtor, creditors and the amount of the judgment. 2. Support Judgment: The Judgment that is issued in the event of divorce and the non-custodial parent is asked for the support and maintenance of the ch...