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[+] Prestige Title Specialists INFO - Kym/NJ (3 replies)
7/18/2011 1:24:27 PM (4905 views)

[+] Unbelievable! - Celia Franklin/GA (6 replies)
7/18/2011 9:13:15 AM (3403 views)

[+] Updates when you didn't do orig. order - Alix Ott/MI (10 replies)
7/18/2011 8:58:42 AM (3339 views)

[-] VA loans and fees charged by title agents - CHARLENE  PERRY/MD (3 replies)
7/16/2011 2:32:38 PM (3101 views)
Re: VA loans and fees charged by title agents - Robert Philo/TX
7/18/2011 10:47:58 AM (4165 views)

Charlene,

I have already been interviewed on this subject.  I agree with your position as long as no state law or rule specifically prohibits such action.  For one thing, the discount or incentive is going directly to a consumer as opposed to someone who is in a position to refer settlement business (other than their personal business).  To the extent that the veteran is prohibited from paying  the fee himself or herself by VA regulations, the seller pays those fees and includes them when determining whether or not to accept the buyers offer.  In other words, the price paid by the veteran when purchasing a home includes the estimated settlement fees that will be paid by the seller at closing.  If those fees are reduced, the seller can and likely will take the reduction (if they are even aware of it) into consideration when determining the ultimate sales price they are willing to accept.  Thus, the veteran benefits from the reduction even though he or she does not pay the fee at closing.

Good luck with your interview!

Bob Philo  

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Re: VA loans and fees charged by title agents - CHARLENE  PERRY/MD
7/19/2011 3:37:06 PM (4153 views)
Re: VA loans and fees charged by title agents - Robert Franco/OH
7/20/2011 8:55:58 AM (4042 views)

[+] Houses Made of Sticks & Stones - Leigh Attridge/MA (1 reply)
7/15/2011 6:49:50 AM (4020 views)




[+] Comment on "ALTA: More Transparency Needed in Mortgage Disclosures" - Source of Title/OH (1 reply)
7/14/2011 2:28:54 PM (3116 views)

[+] INFIOSYS, LLC - Amy Haynes/KY (29 replies)
7/13/2011 1:37:58 PM (3690 views)

Failed Bank - Kansas - 1936 - colorized version - Leigh Attridge/MA
7/13/2011 9:45:56 AM (3766 views)

Packard Fire Squad ca 1911 - colorized version - Leigh Attridge/MA
7/13/2011 9:02:49 AM (3381 views)

Atlantic City, NJ ca 1912 - colorized version - Leigh Attridge/MA
7/13/2011 8:58:46 AM (3303 views)

Steeplechase Park (Coney Island) ca 1904 - colorized version - Leigh Attridge/MA
7/13/2011 8:55:45 AM (3381 views)

Downtown Atlanta 1864 - colorized version - Leigh Attridge/MA
7/13/2011 8:51:03 AM (3452 views)

[+] Example of a Professional - K C/NJ (6 replies)
7/12/2011 5:38:53 PM (3575 views)

[+] Non-payment and constantly short - Pat/WV (9 replies)
7/12/2011 4:50:18 PM (3321 views)

[+] expunging sats by placing legal notice in paper - mason haas/NY (3 replies)
7/12/2011 12:02:46 PM (4041 views)


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