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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (11241)	6/17/2003 3:22:36 PM
From: Mr. Sunshine	Respond to of 306849

<<It is stupid of the lender>> My bet is that they absorbed the cost of Title Insurance one way or another, but that they did do some kind of title check. B of A is big enough that maybe they have there own in house title search ability. I also will opine that it was not a Fannie Mae, Freddie Mac, FHA, or Va loan. Without formal title insurance, I doubt the loan could be sold on the secondary market. BWDIK. In the current market, lenders are doing all kinds of strange things. The fact that they would lend to you at all baffles me, but then maybe I know you better than they do. <gg>