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[+] Abstrax llc / Linear Title - LEO POVEDA/CA (10 replies)
7/22/2011 4:36:47 PM (4529 views)

Countrywide to Repay Borrowers - Leigh Attridge/MA
7/21/2011 4:21:03 PM (3538 views)

[+] Comment on "Robo-Signing: Business as usual" - Source of Title/OH (1 reply)
7/21/2011 3:12:11 PM (2827 views)

[+] What to pay a sales rep? - Ray Young/GA (2 replies)
7/20/2011 5:22:57 PM (2956 views)

[+] POSTED THIS TO BULLETINS BUT WANT TO SHARE HERE ALSO - CHARLENE  PERRY/MD (2 replies)
7/20/2011 2:12:48 PM (2964 views)


Real Title Services


Settlement Cost. - Wyatt Bell/FL
7/20/2011 1:42:12 PM (3288 views)

[+] Embedded Images: Watermarks on Copies - William Pattison /CA (5 replies)
7/20/2011 12:35:52 PM (2744 views)

[+] Prestige Title Specialists INFO - Kym/NJ (3 replies)
7/18/2011 1:24:27 PM (4715 views)

[+] Unbelievable! - Celia Franklin/GA (6 replies)
7/18/2011 9:13:15 AM (3244 views)

[+] Updates when you didn't do orig. order - Alix Ott/MI (10 replies)
7/18/2011 8:58:42 AM (3194 views)

[-] VA loans and fees charged by title agents - CHARLENE  PERRY/MD (3 replies)
7/16/2011 2:32:38 PM (2939 views)
Re: VA loans and fees charged by title agents - Robert Philo/TX
7/18/2011 10:47:58 AM (3720 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 (3745 views)
Re: VA loans and fees charged by title agents - Robert Franco/OH
7/20/2011 8:55:58 AM (3670 views)

[+] Houses Made of Sticks & Stones - Leigh Attridge/MA (1 reply)
7/15/2011 6:49:50 AM (3810 views)

[+] Comment on "ALTA: More Transparency Needed in Mortgage Disclosures" - Source of Title/OH (1 reply)
7/14/2011 2:28:54 PM (2959 views)

[+] INFIOSYS, LLC - Amy Haynes/KY (29 replies)
7/13/2011 1:37:58 PM (3486 views)

Failed Bank - Kansas - 1936 - colorized version - Leigh Attridge/MA
7/13/2011 9:45:56 AM (3594 views)


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