Tag Archive for: Reverse Mortgages

July Webinars

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Tips To Improve Your Closing Experience
Tuesday, July 18, 2017 – 10:00am PST/1pm EST
Closing transactions efficiently and accurately is our first priority. You’ll get peace of mind and security with our smooth and easy process. Join us for a webinar to see how you and your borrower can help improve the closing experience.
Click here to register

Introduction to Powers Of Attorney
Thursday, July 20, 2017 – 10am PST/1pm EST
Please join us for our upcoming webinar entitled: Introduction to Powers of Attorney (POA). Reverse mortgages are complex and being prepared is key to a successful closing. Powers of Attorney are very common in the Reverse Mortgage industry. We are happy to share our experience and knowledge with you and together we can make the borrower’s experience a pleasant one.
Click here to register.

June Webinars

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Reverse mortgages are complex and being prepared is key to a successful closing. We are happy to share our experience and knowledge with you and together we can make the borrower’s experience a pleasant one.

Title Review 101
June 14, 2017 – 10:00am PST/1:00pm EST
Please join us for our upcoming webinar on Title Review 101. We will discuss the basics of title insurance, title commitments and how to review the reports for important and relevant information that will need to be addressed during the transaction.
Click here to register.

Introduction to Allegiant Reverse Services
June 21, 2017 10:00am PST/1:00pm EST
Our team of respected and seasoned industry professionals brings a stellar reputation along with added services to fulfill the needs of our industry partners. Please join our webinar to learn about our company and the services that we offer.
Click here to register.

Life Estates

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Life estates are often encountered by reverse mortgage professionals during the origination process. Reverse professionals should have a good understanding of what a life estate is in order to guide their clients and transaction to a successful closing.

A life estate is a type of ownership interest in real estate. In a life estate one person is given an ownership interest in real estate for their lifetime. This person is called a life tenant. At the death of the life tenant, the real estate passes automatically to one or more other individuals or organizations. The people or organizations that receive the property at the death of the life tenant are called remainderman.

It is important to understand that a life estate is a form of co-ownership. Both the life tenant and remainderman each have an ownership interest in the real estate, but at different periods in time. Unlike other forms of co-ownership, the co-owners do not have rights to the property at the same time. Rather, the life tenant possesses the property during their life. The other co-owner, the remainderman, holds a current ownership interest in the property but cannot take possession of the property until the death of the life tenant.

Read more about life estates by accessing our educational flyer below:
Title Tidbits Life Estates

Eastern Regional NRMLA Meeting & Expo

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Allegiant Reverse Services Sales, Management, and Operations staff will be attending the upcoming industry meeting and expo in New York City.  Swing by our booth for a refreshing approach to the conference. Click below for more information and to register for the event.

2017 Eastern Regional Meeting & Expo