Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



The Joy of Quiet - Leigh Attridge/MA
12/30/2011 9:21:09 AM (4128 views)

[+] Coast to Coast dead beat company - Marian Severance/PA (6 replies)
12/29/2011 7:07:29 AM (3412 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 (2943 views)

[+] Commission advances? Now this is scarey - CHARLENE  PERRY/MD (1 reply)
12/28/2011 2:18:30 PM (4776 views)

[-] Texas Cash out - LORRAINE CHRISTOPHER/TX (3 replies)
12/27/2011 5:24:03 PM (2956 views)
Re: Texas Cash out - Robert Franco/OH
12/28/2011 10:08:01 AM (5974 views)
Re: Texas Cash out - LORRAINE CHRISTOPHER/TX
12/28/2011 3:36:38 PM (3274 views)
Re: Texas Cash out - Robert Philo/TX
1/3/2012 4:09:50 PM (3442 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. 

to post a reply: login - or - register




Real Title Services


[+] Express National - Las Vegas non-pay - Anita Binns/IL (15 replies)
12/27/2011 2:26:05 PM (5208 views)

Findthefraud.com - Leigh Attridge/MA
12/22/2011 12:11:27 PM (4695 views)

[+] Abstrax - Deborah Jackson/GA (6 replies)
12/22/2011 11:12:53 AM (3706 views)

335 Million Settlement on C'wide Lending Bias - Leigh Attridge/MA
12/21/2011 6:58:31 PM (4104 views)

[+] Schey v Johnson teardown in Mhead - Leigh Attridge/MA (2 replies)
12/20/2011 4:28:14 PM (4975 views)

[+] Comment on "Rich Bank, Poor Bank" - Source of Title/OH (2 replies)
12/20/2011 1:56:32 PM (2723 views)

[+] Global Data & Need To Know/Search The Nation - Pam Effinger/VA (5 replies)
12/19/2011 12:13:37 PM (3328 views)

[+] Email Scam Heads-Up - Scott Perry/PA (1 reply)
12/17/2011 12:22:53 PM (4280 views)

Rethinking How the Law is Taught - Leigh Attridge/MA
12/17/2011 8:07:18 AM (4283 views)

If you wonder why I sound frustrated when you call me...... - CHARLENE  PERRY/MD
12/15/2011 3:43:26 PM (2747 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

AI Powered Title Plant
Michael Gigliotti's Blog
2025/10/23
0 comments

New to Property Shielding? Here’s Your Guide!
Marissa Berends's Blog
2025/10/22
0 comments

What Is Flood Insurance?
Marissa Berends's Blog
2025/10/21
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Amid Market Challenges, Builder Expectations Rise in October
“While recent declines for mortgage rates are an encouraging sign for affordability conditions, the market remains...
September New Home Purchase Mortgage Applications Increased 2.0 Percent
“MBA’s estimate of new home sales for September showed a 7 percent decline to an annual pace of 680,000 unit...
Mortgage Applications Decreased in Latest MBA Weekly Survey
“Mortgage rate movements were mixed last week, with the 30-year fixed rate decreasing slightly to 6.42 percent. Mo...
FinCEN Renews Residential Real Estate Geographic Targeting Orders
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced the renewal o...
NAR Applauds Senate Passage of the ROAD to Housing Act
"NAR applauds the Senate for passing this bipartisan legislation that addresses housing supply, affordability and homeow...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

AI for Title Searchers
September 28 2025
Title abstractors are using TitleTrackr as a powerful tool to compile their abstracts up to 90% faster, streamlining document analysis and report creation with AI-driven precision. To learn more visit https://titletrackr.com/...[more info]

link
email
© 2020, Source of Title.