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Settlement Cost. - Wyatt Bell/FL
7/20/2011 1:42:12 PM (3344 views)

[+] Embedded Images: Watermarks on Copies - William Pattison /CA (5 replies)
7/20/2011 12:35:52 PM (2833 views)

[+] Prestige Title Specialists INFO - Kym/NJ (3 replies)
7/18/2011 1:24:27 PM (4796 views)

[+] Unbelievable! - Celia Franklin/GA (6 replies)
7/18/2011 9:13:15 AM (3298 views)

[+] Updates when you didn't do orig. order - Alix Ott/MI (10 replies)
7/18/2011 8:58:42 AM (3252 views)


Real Title Services


[-] VA loans and fees charged by title agents - CHARLENE  PERRY/MD (3 replies)
7/16/2011 2:32:38 PM (3000 views)
Re: VA loans and fees charged by title agents - Robert Philo/TX
7/18/2011 10:47:58 AM (3862 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 (3862 views)
Re: VA loans and fees charged by title agents - Robert Franco/OH
7/20/2011 8:55:58 AM (3774 views)

[+] Houses Made of Sticks & Stones - Leigh Attridge/MA (1 reply)
7/15/2011 6:49:50 AM (3904 views)

[+] Comment on "ALTA: More Transparency Needed in Mortgage Disclosures" - Source of Title/OH (1 reply)
7/14/2011 2:28:54 PM (3017 views)

[+] INFIOSYS, LLC - Amy Haynes/KY (29 replies)
7/13/2011 1:37:58 PM (3549 views)

Failed Bank - Kansas - 1936 - colorized version - Leigh Attridge/MA
7/13/2011 9:45:56 AM (3660 views)

Packard Fire Squad ca 1911 - colorized version - Leigh Attridge/MA
7/13/2011 9:02:49 AM (3268 views)

Atlantic City, NJ ca 1912 - colorized version - Leigh Attridge/MA
7/13/2011 8:58:46 AM (3209 views)

Steeplechase Park (Coney Island) ca 1904 - colorized version - Leigh Attridge/MA
7/13/2011 8:55:45 AM (3303 views)

Downtown Atlanta 1864 - colorized version - Leigh Attridge/MA
7/13/2011 8:51:03 AM (3357 views)

[+] Example of a Professional - K C/NJ (6 replies)
7/12/2011 5:38:53 PM (3472 views)


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