The Title Tycoon

ROBERT KIYOSAKI ON THE ECONOMY

5million — Mon, 16 Jun 2008 14:21:36 +0000

I am a big fan of Robert Kiyosaki. A few years ago Robert repeatedly said that “Your house is not an asset” most people scoffed believing that your home is investment. Now that the mortgage meltdown went from a tropical storm to a full cyclone. Many people seeking the advise of financial gurus who offer a common sense approach coupled with unconventional wisdom. Here are a few clips of Robert speaking with KTLA regarding the state of the economy.

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WHY POST CLOSING IS IMPORTANT

5million — Fri, 06 Jun 2008 13:28:32 +0000

This is a prime example of why POST-CLOSING is critical to a title insurance company’s operation. Many title professionals expect a post closing call “here or there”. Usually when the seller has a mountain of debt to payoff at settlement and a million checks are disbursed. After settlement customer service is not an option it’s a mandatory obligation as well as a liability. A policy holder should never call you more than once. This California woman purchased a home and received a notice for the prior owner’s debt. The title agency had closed shop. READ MORE

HEEERE’S EDDIE

5million — Thu, 05 Jun 2008 21:54:46 +0000

Yesterday we posted a story about the most famous pitchman in Hollywood facing foreclosure. Well, looks like a lot of people were interested in the story because it spread like wildfire through the print and television media. READ MORE

A Better Economy = McCain or Obama?

5million — Wed, 04 Jun 2008 19:11:49 +0000

Now that Obama is the “presumptive” Democratic nominee. Everyone in the world should be asking What are McCain or Obama going to do to address the housing market? Here is an interesting video from CNBC where a nobel prize winning economist thinks that Obama is better suited to address America’s current economic conditions. WATCH

CELEBRITY FORECLOSURE

5million — Wed, 04 Jun 2008 17:32:52 +0000

The word “Foreclosure” is creeping it’s ugly head in Hollywood and this time it’s not in a horror flick. Johnny Carson’s much beloved sidekick Ed McMahon is facing the loss of his estate. The home is located in the prestigious community of Bel Air, California. The 6 bedroom 6 bath home is listed by Hilton & Hyland Real Estate. Although the property is for sale it has not sold for more than 2 years and McMahon has subsequently defaulted on his 4.6 million dollar mortgage. McMahon is $644,000 in arrears with ReconTrust a Division of Countrywide Financial. McMahon, 85 has been unsuccessful in landing new roles as a pitchman. Apparently the property will not sale because of it’s close proximately to the home of Britney Spears. The Realtor Alex Davis, says “When we were trying to sell the house one time, there were about 100 paparazzi there”. Hopefully McMahon will be able to work something out with his lender. I just think there should be a law that prohibits seniors from losing their homes.

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A UNDERWRITER’S NIGHTMARE

5million — Wed, 04 Jun 2008 17:28:58 +0000

6 and 1/2 years is a long time. Just think, many of us have 5 year goals. Dreaming of accomplishing many things in that span of time. However, Jay Berger, 56 a Pennsylvania title insurance agent will be serving 6 and 1/2 years behind prison walls. Berger, was the owner of Imperial Abstract and Settlement Company an agent for Fidelity National Title and Stewart Title Guaranty & Trust Company. Berger also owned United Mortgage Service Company. Over the course of 4 years Berger devised a scheme to withhold the disbursement of refinance proceeds for his own personal use. READ MORE

GOOD STEWARDS

5million — Wed, 04 Jun 2008 14:21:36 +0000

Good stewardship has its rewards especially for Stewart Title Guaranty and Trust Company. Stewart recently made a $100,000 deposit in Carver State Bank. READ MORE

Buy One House Get Another For Free

5million — Fri, 30 May 2008 12:55:20 +0000

Can you believe You can buy one house and get another for free

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THE USA: A NEW THIRD WORLD COUNTRY

5million — Wed, 28 May 2008 20:42:12 +0000

MULTIPLE LISING SERVICES SEES JUSTICE

5million — Wed, 28 May 2008 15:02:13 +0000

Yesterday, the United States Justice Department freed the way for online real estate brokers to access nationwide Multiple Listing Services (MLS). The MLS was previously only available to members of the National Association of Realtors (NAR). Licensed Real Estate brokers who did not join NAR were banished from listing and accessing properties for sale. READ MORE