Real Estate Jacksonville Florida

Hi again everyone,

We are still looking for a house for a primary residence, preferably a
rehabb that we can truly make our own. Our preferred area is Murray
Hill and Riverside but we are open to all areas of town as long as we
like the neighborhood. Our main criterias are a square footage of
around 1800-2000 sqft, 3/2 and, if a rehabb, something around 150-175K
max. A decent size backyard would be great as we have a hyperactive
pitbull puppy who needs space to run instead of chewing on the inside
cats for entertainement, so the bigger the yard, the better. :)

Thanks for any leads you may send our way.

Sylvie Schiller
881-9012



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When you refinanced, you probably just bought a "lender" policy. A "owner" policy would have cost about $100 or so more so, yes, it should be purchased.

That being said, the "lender" is still guaranteed that they have a first mortgage, therefore, you should only have a first mortgage. Also, it is the responsibility of the title agent to follow up on their satisfactions.

If the title company does not call you back in a week, go to the lender and tell them the situation. Once they find out that they have a 2nd mortgage, they will take some action.

Keep me posted and if anything changes, let me know. I'll keep walking you through it.

Dave Ginn



Dave,

Your comment "I assume that you got title insurance when you got the new
loan." made me think of another question. We always purchase an owner's
title insurance policy when we purchase the property. We do not,
however, purchase a new policy when we re-finance. Should we purchase a
new owners title insurance policy upon refinancing?

And by the way, I've contacted both title companies for all three
properties and they both say they'll have to 'research and call me
back'.

Thanks again for all your input.

Kim Wisdom
Stomping Ground, Inc.
(904) 264-7079, office
(904) 465-1555, cell

Hi, Sylvie I'm an agent in the Watson Ortega office and we speciallize in the Ortega/Avondale/ Riverside area. If you want to email me back and give me some more specifications of what exactly youre looking for I can keep my eye open for you and start looking, or if you would like we could meet up this weekend and start a search together. Good luck!

-Steven McAdoo
Cell:(904) 612-6032
Direct:(904) 412-4535


-----Original Message-----
From: sylvie schiller
To: NEFRENT@yahoogroups .com
Sent: Wed, 6 Jun 2007 11:51 am
Subject: [NEFRENT] house wanted



Hi again everyone,

We are still looking for a house for a primary residence, preferably a
rehabb that we can truly make our own. Our preferred area is Murray
Hill and Riverside but we are open to all areas of town as long as we
like the neighborhood. Our main criterias are a square footage of
around 1800-2000 sqft, 3/2 and, if a rehabb, something around 150-175K
max. A decent size backyard would be great as we have a hyperactive
pitbull puppy who needs space to run instead of chewing on the inside
cats for entertainement, so the bigger the yard, the better. :)

Thanks for any leads you may send our way.

Sylvie Schiller
881-9012





Thanks a lot Dave. I will contact them tomorrow. I am just glad I
noticed it now instead of 10 or so years from now.

Kim Wisdom
Stomping Ground, Inc.



Hello everyone. My question is relative to satisfactions of
mortgages and what should be done.

I have three properties that had hard money mortgages on them at one
time. We have since re-financed them into permanent financing, but
I have noticed that there is no satisfaction recorded for the
original hard money mortgage.

I know the addresses of the people that need to sign these documents
and I can obtain a sample of a satisfaction from the clerk's site.
Question is this: Is this something I can do myself? Or would it
be better to have a title company do this?

I would have thought the title company that closed the re-fi would
have handled, but apparently not. The re-finances occurred back in
late 2005.

Thanks a lot for your feedback!

Kim Wisdom
Stomping Ground, Inc.
(904) 264-7079, office
(904) 465-1555, cell




Kim

There is a legal issue involved here. Check the Florida statutes, but I know that the lender has a legal obligation to provide you a signed satisfaction of mortgage within a certain period of time.

Have you talked to the hard money lender? They don't have to record them but they may have sent them to the closing agent who did not follow up. Happens all the time.

Call the closing agent. Play hardball with them. They guaranteed you when you refinanced that you only had one mortgage. I assume that you got title insurance when you got the new loan.

I hope this helps.

David F. Ginn
Jacksonville, FL

http://www.realestate-jacksonvilleflorida.com/duval-county.html