underwriting q & a

September 19, 2017

Underwriting Q & A | Is there a redemption period when a Tax Lien Deed of Trust is foreclosed in Texas?

Q: Is there a redemption period when a Tax Lien Deed of Trust is foreclosed in Texas? A: Yes, Section 32.06 of the Texas Tax Code […]
August 16, 2017

Underwriting Q & A | Does Texas have a statute of limitations for errors in a defective notary acknowledgment?

Q: Does Texas have a statute of limitations for errors in a defective notary acknowledgment? A: Yes, under Section 16.033(a)(8) of the Texas Civil Practices & […]
July 19, 2017

Underwriting Q & A | Does an affidavit of heirship vest title in the heirs named in the affidavit, and is nothing further needed when an affidavit of heirship is recorded, correct?

Q: Does an affidavit of heirship vest title in the heirs named in the affidavit, and is nothing further needed when an affidavit of heirship is […]
June 21, 2017

Q & A | Overburden of Easements…

Q: Assume landowner A owned an acreage tract and was carving out a back acreage portion to sell to B. Since B’s tract would otherwise be […]
April 19, 2017

Q & A | What are some of the most common misconceptions about Texas probate/estates encountered with underwriting calls?

Q: What are some of the most common misconceptions about Texas probate/estates encountered with underwriting calls? A: Some of the most common areas of confusion encountered […]
March 15, 2017

Underwriting Q&A | When receipting a contract and earnest money, is it acceptable to receive and/or deliver an option fee?

Q: When receipting a contract and earnest money, is it acceptable to receive and/or deliver an option fee? A: Delivery by the Realtor to the title […]
February 15, 2017

Underwriting Q&A | When closing a sale or refinance transaction for clients who have a HARP loan in addition to their primary mortgage, is the payoff statement for the HARP loan included in the payoff statement received by the primary lender?

Q: When closing a sale or refinance transaction for clients who have a HARP loan in addition to their primary mortgage, is the payoff statement for […]
September 21, 2016

Underwriting Q & A | Have there been any updates to TRID?

Q:  Have there been any updates to TRID? A: No. However, the CFPB (Consumer Financial Protection Bureau) has proposed various amendments to disclosure requirements under TRID. […]
August 17, 2016

Underwriting Q & A | Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid in the collection of information for financial crimes enforcement?

Q: Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid […]