Entries by Adan Gutierrez

California Recording Fee Changes Effective January 1, 2018

SEC. 3. Section 27388.1 is added to the Government Code, to read: 27388.1. (a) (1) Commencing January 1, 2018, and except as provided in paragraph (2), in addition to any other recording fees specified in this code, a fee of seventy-five dollars ($75) shall be paid at the time of recording of every real estate […]

Suddenly Alone

WE’LL CALL THEM THE MARTIN FAMILY. I have been friends with their family for a decade. They are a huge tribe of amazing people with big hearts, and lots of love for one another. With nine brothers and sisters, their children, their children’s children, all led by the family matriarch Great Grandma Mary, imagine the massive […]

Iowa Guidelines

Specific to Iowa state guidelines, the lender must pay the cost of the title insurance policy, since Iowa law allows a lender to impose only a limited number of fees upon a borrower.  Iowa amended its definition of lender to include any party that provides services in connection with a loan transaction, so title insurers […]

The 411 on Manufactured Homes

Have you ever had a potential borrower approach you about taking a loan on their manufactured home? Here’s what you need to know about these types of properties. A manufactured home (formerly known as a mobile home) is built to the Manufactured Home Construction and Safety Standards according to HUD Code. The home must display […]

The Art of Thankful Giving Dessert Reception & Benefit

One of the benefits of being a part of the reverse mortgage industry is our ability to come together to support each other, and other organizations with the common goal of improving the lives of seniors. Each year we organize as an group to volunteer at a local charity before the start of the NRMLA […]

Charitable Giving

The devastating fires of our surrounding areas continue to impact thousands of people and animals.  It’s often overwhelming to determine where to find information on how to help so  we did some research and found the following sites are great places to make donations for those who wish to help: This Go Fund Me page […]

Signing by “X”

As senior citizens age they may have difficulty carrying out everyday tasks such as signing their name. Although their mind remains sharp, they may lose the ability to carefully sign important documents. The use of a power of attorney may not be necessary considering all 50 states permit an individual to sign his or her […]

Hurricane Irma Update

We are all very aware on what is happening with the current natural disasters.   Our thoughts and prayers are with all the families affected by these events.  Our goal is to keep you informed as this is impacting our industry. Based on the multiple paths, we have been advised at this time, FL, SC, […]

Probate 101

When a person dies, the deceased individual is called the “decedent” and the decedent is referred to as having died testate (with a will) or intestate (without a will). A will is a written document executed by a competent person that directs how, when and to whom his or her property will be distributed after […]