Suntrust Mortgage Property Loss Draft Processing Instructions
Loss up to $10,000 can be processed at your local SunTrust branch. Losses in excess of $10,000 require special handling.
Category: How To – Answers to Frequently Asked Questions
How to protect your Credit from Identity Theft
In my free time I enjoy riding my Felt road bicycle. There is a cliché amongst cyclists, “there are two types of bikers, those who have crashed and those who haven’t crashed yet”. The same can be said about identity theft. It seems like once …
Bank of America Accepted Short Sale – but they say you still owe
Bank of America Customer Service
After a few weeks of the multiple times per day barrage of phone calls from Bank of America I attempted to resolve this by calling them myself. The colossal comedy of incompetence a person has to suffer in order to get a straight answer from Bank of America is deplorable! As a Mortgage Loan Officer with nearly 15 years of experience speaking the language of mortgage lenders I can only imagine how impossible this experience is to someone without similar experience.
Tips for Home Buyers : Survey’s & Title Insurance
By now you know some of the basic reasons you should get a survey and when purchasing real property in North Carolina you should insist on title insurance. Tip: Title insurance routinely excludes covergae of title defects that would have …
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Fixing Credit Errors Step By Step
By now you know you should review your credit reports for inaccuracies every 90 days. But do you know what to do when you encounter a mistake in your credit report? 7 Steps to correct credit report errors: The first thing to do is …
Three Reasons a Seller Should Get a Home Inspection
After the time and money spent adorning the home, there is still the very real possibility of a cancelled sales contract because of a deficiency listed in the buyer’s home inspection. In fact, now more than ever potential home buyers are willing to walk away from a contract that isn’t “just right”.
What is Predatory Lending?
Predatory Lending Considerations Subprime lending is not synonymous with predatory lending, and loans with the features described as Subprime are not necessarily predatory in nature. However, institutions should ensure that they do not engage in the types of predatory lending …
What is Title Insurance For?
Title insurance is quite possible one of the least understood types of insurance. The simple truth is because when you purchase your dream home you aren’t actually buying a lovely 3 bedroom Ranch or Victorian style home on a cul-de-sac in a quiet Raleigh neighborhood.
When Should I Get A Survey?
Property Boundaries Fences should not be considered an indication of property boundaries. Legal property boundaries are demarcated by surveyor pins or stakes. These are typically 1/2″ to 3/4″ round iron pipes flush or buried slightly below land surface. Newer pins …
How to Upgrade your Home in Raleigh
Because of the current state of our economy many luxury home buyers may have been artificially sidelined. These would be move up buyers are fearfully waiting for the housing market to bottom. As with the stock market, it is hard to …