I recently read an article on HeraldNet entitled Real Estate Attorneys Worth the Expense.  As a real estate attorney, I naturally like to read things like that.  Having been in the title business for many years before going to law school, I am left with the impression that nobody believes they need an attorney in a real estate transaction.  Though the article makes a good point... something really caught my attention and made my jaw drop.

If you have looked at a relatively recent issue of The Baltimore Sun you would be led to believe that all Maryland title agents are crooks.  Well, I am here to tell you that is just not so.

Homeowners, finally fed up with unfulfilled promises of HAMP modifications, have filed suit against Wells Fargo in the U.S. District Court in Massachusetts.  As is common across the county, lenders are placing homeowners in HAMP trial period plans and even after the homeowner complies with all of the terms of the plans they are denied a permanent modification. 

Maryland has clarified it law as it relates to a title insurance producer and a title insurance producer independent contractor. (TIPIC)

I know this bill has been floating along for a while now and I have meant to comment on it.  I generally agree with this proposal and hope that it sees passage

Seriously, why do people think that everyone is crooked and willing to participate in their schemes??

I read this post today by David Pardue relating to an error made by a paralegal at what I can only assume was a foreclosure mill.  I am glad to see that the court held with the law and did not rescind this sale.

georgiarealestatelitigationblog.blogspot.com

The end of May, federal unemployment benefits began to expire leaving 1.2 million jobless Americans cut off.  The House passed a bill providing a six-month extension, but the Senate has not been able to pass such legislation... despite three attempts.  All of the Senate Republicans have blocked the effort. 

This will certainly worsen our already troubled economy as well as pile on to our crippled housing market.  One economist has noted that we may be setting the stage for a Third Depression.  While our Congressman are busy playing politics, Americans are suffering... and it is going to get worse.

As usual coming out of a foreclosure we have reviewed the title and found a defect....