GA Underwriting Summary
From WFG Wiki
Contents
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
