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[+] Document forgery on title - not robosigning!! - Leigh Attridge/MA (9 replies)
1/10/2012 9:57:38 AM (3469 views)

The results are in.. Our industry is in decline - CHARLENE  PERRY/MD
1/9/2012 12:03:30 PM (4821 views)

FSE Deadbeat Company - Dody Fuhrmann/NV
1/9/2012 11:21:16 AM (2977 views)

Queens Broker Accused of Bringing Immigrants Ruin - Leigh Attridge/MA
1/9/2012 8:04:21 AM (5092 views)

[+] Odyssey Search, LLC - Kenneth Signor/SC (1 reply)
1/9/2012 7:33:20 AM (5515 views)




[+] Comment on "First American releases HARP 2.0 Program" - Source of Title/OH (4 replies)
1/5/2012 1:31:34 PM (4169 views)

[+] Pilot " principal write down" program - Leigh Attridge/MA (2 replies)
1/4/2012 4:39:05 PM (5270 views)

Site Maintenance - Slade Smith/OH
1/3/2012 6:52:14 PM (2549 views)

[+] E & O Insurance - Nancy McDonald/AL (4 replies)
1/3/2012 7:20:02 AM (3717 views)

The Joy of Quiet - Leigh Attridge/MA
12/30/2011 9:21:09 AM (4491 views)

[+] Coast to Coast dead beat company - Marian Severance/PA (6 replies)
12/29/2011 7:07:29 AM (3818 views)

[+] Comment on "Title Agent Gets Two Years for Stealing Escrow Money to Buy Her Home" - Source of Title/OH (5 replies)
12/28/2011 2:19:22 PM (3391 views)

[+] Commission advances? Now this is scarey - CHARLENE  PERRY/MD (1 reply)
12/28/2011 2:18:30 PM (5230 views)

[-] Texas Cash out - LORRAINE CHRISTOPHER/TX (3 replies)
12/27/2011 5:24:03 PM (3339 views)
Re: Texas Cash out - Robert Franco/OH
12/28/2011 10:08:01 AM (7160 views)
Re: Texas Cash out - LORRAINE CHRISTOPHER/TX
12/28/2011 3:36:38 PM (4332 views)
Re: Texas Cash out - Robert Philo/TX
1/3/2012 4:09:50 PM (4637 views)

Lorraine, if the Texas HEL was closed in a restaurant (or any other place not authorized by the Texas constitution), it is certainly voidable and probably void ab initio.  Texas title companies usually issue home equity endorsements whenever they insure a HEL - a T-42 and a T-42.1.  The Texas regulations (Rule P-44) provide, in part:

 "C. The Company may add subparagraph (f) to paragraph 2 of the Equity Loan Mortgage Endorsement (T-42) if it considers the risk insurable, provided that the following requirements are met:
(1) The promissory note secured by the insured mortgage and the insured mortgage must be executed by the borrower(s)/grantor(s) at the office of a title company and the insured mortgage must be acknowledged by the borrower(s)/grantor(s) at the office of a title company. For purposes of this subparagraph C(1), "the office of a title company" shall mean the leased or owned Texas office location(s) of: (a) a title insurance company; or, (b) a direct operation; or, (c) a title insurance agent; or, (d) an attorney conducting the attorney?s business in the name of a title insurance company or direct operation or title insurance agent where the attorney and the attorney?s bona fide employees who close transactions are licensed as escrow officers as provided in Article 9.42.C, Texas Insurance Code.
(2) Subparagraph (f) of paragraph 2 of the Equity Loan Mortgage Endorsement (T-42) must read as follows:
"(f) The extension of credit secured by the lien of the insured mortgage being closed at a location other than the office of the lender, an attorney at law, or a title company, as set forth in Subsection (a)(6)(N) of Section 50, Article XVI, Texas Constitution."
 

So, check the title insurance policy endorsements to see if you hav ecoverage or not for the problem created when the loan was not closed according to constitutional requirements. 

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[+] Express National - Las Vegas non-pay - Anita Binns/IL (15 replies)
12/27/2011 2:26:05 PM (5595 views)


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