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The Banks Still Want a Waiver - Leigh Attridge/MA
7/24/2011 5:54:27 PM (3676 views)

[+] Docs RN - General Annoucement - Gerry/TN (2 replies)
7/24/2011 12:15:13 AM (5329 views)

[+] Abstrax llc / Linear Title - LEO POVEDA/CA (10 replies)
7/22/2011 4:36:47 PM (4741 views)

Countrywide to Repay Borrowers - Leigh Attridge/MA
7/21/2011 4:21:03 PM (3764 views)

[+] Comment on "Robo-Signing: Business as usual" - Source of Title/OH (1 reply)
7/21/2011 3:12:11 PM (3105 views)




[+] What to pay a sales rep? - Ray Young/GA (2 replies)
7/20/2011 5:22:57 PM (3144 views)

[+] POSTED THIS TO BULLETINS BUT WANT TO SHARE HERE ALSO - CHARLENE  PERRY/MD (2 replies)
7/20/2011 2:12:48 PM (3193 views)

Settlement Cost. - Wyatt Bell/FL
7/20/2011 1:42:12 PM (3461 views)

[+] Embedded Images: Watermarks on Copies - William Pattison /CA (5 replies)
7/20/2011 12:35:52 PM (2992 views)

[+] Prestige Title Specialists INFO - Kym/NJ (3 replies)
7/18/2011 1:24:27 PM (4960 views)

[+] Unbelievable! - Celia Franklin/GA (6 replies)
7/18/2011 9:13:15 AM (3438 views)

[+] Updates when you didn't do orig. order - Alix Ott/MI (10 replies)
7/18/2011 8:58:42 AM (3370 views)

[-] VA loans and fees charged by title agents - CHARLENE  PERRY/MD (3 replies)
7/16/2011 2:32:38 PM (3133 views)
Re: VA loans and fees charged by title agents - Robert Philo/TX
7/18/2011 10:47:58 AM (4341 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 (4300 views)
Re: VA loans and fees charged by title agents - Robert Franco/OH
7/20/2011 8:55:58 AM (4205 views)

[+] Houses Made of Sticks & Stones - Leigh Attridge/MA (1 reply)
7/15/2011 6:49:50 AM (4059 views)

[+] Comment on "ALTA: More Transparency Needed in Mortgage Disclosures" - Source of Title/OH (1 reply)
7/14/2011 2:28:54 PM (3161 views)


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