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Texas Cash out - LORRAINE CHRISTOPHER/TX
12/27/2011 5:24:03 PM (2920 views)
Re: Texas Cash out - Robert Franco/OH
12/28/2011 10:08:01 AM (5860 views)
Re: Texas Cash out - LORRAINE CHRISTOPHER/TX
12/28/2011 3:36:38 PM (3193 views)
Re: Texas Cash out - Robert Philo/TX
1/3/2012 4:09:50 PM (3342 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
12/27/2011 2:26:05 PM (5173 views)
Re: Express National - Las Vegas non-pay - Abstractor/AL
12/27/2011 4:43:36 PM (3471 views)
Re: Express National - Las Vegas non-pay - Joyce Obrien/PA
12/28/2011 3:23:58 PM (3301 views)
Re: Express National - Las Vegas non-pay - Rita Killary/NY
12/29/2011 12:18:49 PM (3284 views)
Re: Express National - Las Vegas non-pay - Barbara  Loden/IN
12/30/2011 9:11:47 AM (3557 views)
Re: Express National - Las Vegas non-pay - Abstractor/ME
12/30/2011 10:45:02 AM (3250 views)
Re: Express National - Las Vegas non-pay - Abstractor/ME
12/30/2011 11:01:19 AM (3292 views)
Re: Express National - Las Vegas non-pay - Abstractor/TN
12/30/2011 11:11:43 AM (3566 views)
Re: Express National - Las Vegas non-pay - Anita Binns/IL
12/31/2011 11:21:55 AM (3645 views)
Re: Express National - Las Vegas non-pay - Nils Nelson/ME
12/31/2011 2:49:38 PM (3425 views)
Re: Express National - Las Vegas non-pay - Anita Binns/IL
12/31/2011 7:51:58 PM (3669 views)
Re: Express National - Las Vegas non-pay - Brian Lilley/MO
5/1/2012 9:35:01 AM (2818 views)
Re: Express National - Las Vegas non-pay - Mary Adams/KY
2/16/2012 12:09:48 PM (3587 views)
Re: Express National - Las Vegas non-pay - Mary Adams/KY
3/5/2012 7:01:36 PM (2927 views)
Re: Express National - Las Vegas non-pay - Ron McPherson/IA
3/1/2012 1:39:57 AM (2917 views)
Re: Express National - Las Vegas non-pay - Anita Binns/IL
3/1/2012 7:11:50 AM (3099 views)

Findthefraud.com - Leigh Attridge/MA
12/22/2011 12:11:27 PM (4655 views)

Abstrax - Deborah Jackson/GA
12/22/2011 11:12:53 AM (3677 views)
Re: Abstrax - Leigh Attridge/MA
12/22/2011 12:02:05 PM (3759 views)
Re: Abstrax - Deborah Jackson/GA
12/23/2011 6:19:42 PM (3663 views)
Re: Abstrax - Sandra Law/KY
12/27/2011 6:44:38 AM (3799 views)
Re: Abstrax - Mark Pierson/FL
1/3/2012 9:37:09 AM (3522 views)
Re: Abstrax - Kristie Rich/AZ
1/30/2012 11:10:29 AM (2989 views)
Re: Abstrax - GETZEMDUN ABSTRACTING/FL
2/7/2012 7:58:16 PM (3055 views)

335 Million Settlement on C'wide Lending Bias - Leigh Attridge/MA
12/21/2011 6:58:31 PM (4074 views)


Real Title Services


Schey v Johnson teardown in Mhead - Leigh Attridge/MA
12/20/2011 4:28:14 PM (4922 views)
Re: Schey v Johnson teardown in Mhead - Robert Franco/OH
12/21/2011 10:42:41 AM (2921 views)
Re: Schey v Johnson teardown in Mhead - Leigh Attridge/MA
12/22/2011 3:19:01 PM (2985 views)

Comment on "Rich Bank, Poor Bank" - Source of Title/OH
12/20/2011 1:56:32 PM (2695 views)
Nobody thought about declining real estate values... - Robert Franco/OH
12/20/2011 1:56:33 PM (3016 views)
Re: Nobody thought about declining real estate values... - Slade Smith/OH
12/20/2011 3:30:06 PM (3080 views)

Global Data & Need To Know/Search The Nation - Pam Effinger/VA
12/19/2011 12:13:37 PM (3296 views)
Re: Global Data & Need To Know/Search The Nation - Nils Nelson/ME
12/19/2011 2:43:06 PM (3577 views)
Re: Global Data & Need To Know/Search The Nation - Jason Knowles/AL
12/22/2011 10:59:37 AM (3278 views)
Re: Global Data & Need To Know/Search The Nation - Nils Nelson/ME
12/22/2011 11:13:48 AM (3359 views)
Re: Global Data & Need To Know/Search The Nation - Leigh Attridge/MA
12/22/2011 4:59:07 PM (3325 views)
Re: Global Data & Need To Know/Search The Nation - Jessica Talley/FL
12/23/2011 9:39:42 AM (3474 views)

Email Scam Heads-Up - Scott Perry/PA
12/17/2011 12:22:53 PM (4242 views)
Re: Email Scam Heads-Up - Slade Smith/OH
12/17/2011 6:55:46 PM (3211 views)

Rethinking How the Law is Taught - Leigh Attridge/MA
12/17/2011 8:07:18 AM (4238 views)

If you wonder why I sound frustrated when you call me...... - CHARLENE  PERRY/MD
12/15/2011 3:43:26 PM (2720 views)

Rush for Gas Rights Ignites Battle for Control of Land - Leigh Attridge/MA
12/14/2011 5:18:05 PM (4564 views)
Re: Rush for Gas Rights Ignites Battle for Control of Land - Scott Perry/PA
12/17/2011 12:40:26 PM (2955 views)

Dodd-Frank and QRM's - CHARLENE  PERRY/MD
12/13/2011 2:22:35 PM (3187 views)
Re: Dodd-Frank and QRM's - Slade Smith/OH
12/13/2011 6:07:17 PM (3359 views)
Re: Dodd-Frank and QRM's - CHARLENE  PERRY/MD
12/13/2011 8:16:35 PM (3330 views)
Re: Dodd-Frank and QRM's - CHARLENE  PERRY/MD
12/13/2011 8:17:47 PM (3258 views)

Comment on "PA Government Official Arrested for Lying about Connection to Title Company" - Source of Title/OH
12/12/2011 12:47:41 PM (2862 views)
Depends on the definition of Conflict - Jeffrey Land/NJ
12/12/2011 12:47:41 PM (4724 views)
I figured the relationship might be something like that... - Slade Smith/OH
12/12/2011 2:18:38 PM (5105 views)

Strategic Defaults - What's good for American Airlines might be good for borrowers - Leigh Attridge/MA
12/12/2011 10:24:24 AM (4446 views)
Re: Strategic Defaults - What's good for American Airlines might be good for borrowers - Robert Franco/OH
12/12/2011 12:01:40 PM (3257 views)
Re: Strategic Defaults - What's good for American Airlines might be good for borrowers - Slade Smith
12/12/2011 12:14:58 PM (3184 views)
Mortgage Deficiencies - Victoria Moate/NJ
2/20/2012 7:54:00 PM (2940 views)
Re: Mortgage Deficiencies - Slade Smith/OH
2/21/2012 3:30:27 PM (2895 views)
Mortgage Deficiencies - Clarification - Victoria Moate/NJ
2/21/2012 10:42:24 PM (5445 views)
Re: Mortgage Deficiencies - Clarification - Slade Smith/OH
2/21/2012 11:57:46 PM (2859 views)
Re: Mortgage Deficiencies - Clarification - Robert Franco/OH
2/22/2012 8:44:58 AM (2733 views)


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