lenders Tag

High-Priced Title Insurance Cost New York State Real Estate Buyers $155.3 Million in Unnecessary Premiums and Fees in 2015, According to New Study

OneTitle National Guaranty Company, Inc. (www.onetitle.com) today released a new report showing that buyers of New York State real estate – including homebuyers, investors and others – spent an estimated $155.3 million in excess title insurance premiums and related fees in 2015. The analysis shows...

Purchase CEMA: A how-to guide to realize tax savings for all parties

A purchase CEMA can create opportunity and significant value for all sides of a transaction—buyers, sellers, lenders and real estate brokers.  While it can take a bit more effort and cooperation from the parties, the incentives and rewards can be large.  It even opens up...

Title Insurance Kickbacks

OneTitle in the New York Times

The New York Times: “Daniel C. Price, the president of [OneTitle National Guaranty Company], says regulators should crack down on those who pay and accept kickbacks.” OneTitle is the only title insurer to have a letter to the editor published in the New York Times highlighting...

Detecting and Avoiding Short Sale Fraud

Short sales are usually legitimate transactions that serve the interests of multiple honest parties, including lenders, borrowers and buyers.  But enter dishonest parties—sometimes with a cast of accomplices—and you have perfect recipe for fraud.  This fraud is common enough to generate its own name: flopping. A...