As I read recently in the NYSBA State Bar News, title insurance agents in New York are now required to register with the state, meet qualification standards and undergo regular training as part of the state’s new licensing process.
See http://nyslta.org/advocacy/2013-2014-title-agent-licensing-bill
Showing posts with label Title Search. Show all posts
Showing posts with label Title Search. Show all posts
Tuesday, September 23, 2014
Friday, April 19, 2013
MORE ON SUPERSTORM SANDY
For individual and businesses currently in the process of obtaining SBA Loan business expansion or disaster assistance, to meet the request of the SBA for the funding package, there are property title search requirements for SBA loans which typically require the following:
Record Ownership in the name of the borrower
All Prior Liens
SBA's recorded Mortgage/Deed of Trust
Tax and Judgment Search
Copy of the Legal Description covered in Title report
Search at least 30 years
This is where a reputable title company is needed and, as a suggestion, is Title Guarantee, Inc. (especially for Long Island and in NY/NJ). Here is a link to them:
TITLE GUARANTEE SBA SERVICE
Record Ownership in the name of the borrower
All Prior Liens
SBA's recorded Mortgage/Deed of Trust
Tax and Judgment Search
Copy of the Legal Description covered in Title report
Search at least 30 years
This is where a reputable title company is needed and, as a suggestion, is Title Guarantee, Inc. (especially for Long Island and in NY/NJ). Here is a link to them:
TITLE GUARANTEE SBA SERVICE
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