GA Underwriting Summary

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Revision as of 18:16, 20 October 2014 by Abfields (talk | contribs) (Created page with "==Search/Exam== *Minimum Search Requirements No specific statute – See attached Title Standards *Plant or other search restrictions No, but Attorney cert may be required? *A...")
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Search/Exam

  • Minimum Search Requirements No specific statute – See attached Title Standards
  • Plant or other search restrictions No, but Attorney cert may be required?
  • Additional Requirements for REO Searches No
  • Foreclosure Checklist N/A
  • Special Searches Required (Code, HOA, Utilities)? No
  • Survey Requirements No


UPL

  • UPL Hot Button Issues YES – AGGRESSIVE STATE BAR ACTIONS TO PROHIBIT THE UNAUTHORIZED PRACTICE OF LAW. APPROVED LAW FIRM IS _________; USE OF ANY OTHER LAW FIRM REQUIRES WRITTEN CONSENT FROM THE COMPLIANCE DEPARTMENT

Vesting

Property Tax

Mortgage/Transfer Tax

Spousal Joinder Requirements/Homestead

Power Of Attorney

Construction Liens

Foreclosure Review

Instrument Requirements

Who May Serve As Trustee On Deed Of Trust

Time Limitations

  • US Judgment Liens 20 years, renewable for 20 years
  • State Court Judgment Liens 7 years
  • Federal Tax Liens 10 years (+30 days); can be refiled
  • State Tax Liens 7 years
  • Estate Tax Lien Federal 10 years
  • State Inheritance Tax Liens
  • Mechanics Liens 1 year unless suit is filed
  • Financing Statements 5 years
  • Mortgages
  • HOA Liens
  • Condominium assessments
  • Child Support Liens


Odd Stuff