Tag Archives: tradition title agency

Who Are We?

25 Aug

Title Services

An innovative industry leader, Tradition Title Agency provides unrivaled service with continued expansion of our full range of services and solutions in New York, New Jersey and Pennsylvania. Our experienced and knowledgeable staff, along with our carefully developed network of key partnerships, can find creative solutions for any complex residential or commercial need for a clear title.

 

We are especially well known for:

Reverse Mortgages

A specialty of Tradition Title Agency, we help lending professionals streamline the often-complicated process of assisting seniors to stay in their beloved homes with a Reverse Mortgage. We create productive working partnerships to educate and assure consumers, leading to less fear and confusion for seniors and their families, and more trouble-free, successful closings for you.

Commercial Mortgages

We save our business-to-business clients time, aggravation and money by anticipating and solving challenges before they become a deal breaker for you or your client. With our 40-plus years of experience, no issue has ever proven irresolvable to the expert team atTradition Title Agency.

Residential Mortgages

Tradition Title Agency works with all types of lending professionals to help people realize the American Dream of home ownership, insuring that no one has to endure the nightmare of unexpected expenses, claims or losses now or after the closing.

Please call the Tradition Title Agency office for more information at 631-328-4410 or submit our contact us form.

We can help!

Advertisements
2 Jun

Welcome to Tradition Title Agency

No title agency works with more diligence and attention to detail than Tradition Title Agency. With decades of experience creating and using innovative solutions, our team of professionals has perfected title searches, transfers and deeds, for reverse mortgages, residential mortgages, and commercial mortgages in New York, New Jersey and Pennsylvania. We have never had a title issue that we could not find a viable and satisfactory outcome for.

Tradition Title saves your company time and money by streamlining and fast tracking your title clearings. We ensure the safety of your clients’ interests and eliminate liability issues with no hidden fees in an average turn around time of just three to five business days.

We help you build your business by partnering with you to help educate your clients to make the best choices. Mortgage lenders, brokers, loan officers, and attorneys rely on Tradition Title again and again because your satisfied customer is our goal, too.

The entire Tradition Title team is ready to assist you with reverse mortgages, title searches, title insurance, land titles, lien searches, residential title clearing, commercial title searches and more.

Please contact our office to find out what we can do for you at 631-328-4410, email us at info@traditionta.com, or submit our Contact Us Form.

We can help!

Happy Independence Day

24 Jun

This month, Tradition Title Agency has made a donation to Puppies Behind Bars.

July 4th Option 5 (1)

Puppies Behind Bars (PBB) trains prison inmates to raise service dogs for wounded war veterans and explosive detection canines for law enforcement. Puppies enter prison at the age of eight weeks and live with their inmate puppy-raisers for approximately 24 months. As the puppies mature into well-loved, well-behaved dogs, their raisers learn what it means to contribute to society rather than take from it. PBB programs bring the love and healing of dogs to hundreds of individuals every year. The dogs bring hope and pride to their raisers, and independence and security to those they serve.

Q and A on Ensuring a Clear Title

16 Jun

Q. What does Tradition Title Agency do to ensure a clear title?

A. Tradition Title Agency searches records to find anything that could affect a clear title, such as unpaid taxes or mortgages, easements and judgments, and court actions against previous owners that were not satisfied. Bringing potential problems to light early in the mortgage process allows Tradition Title Agency, lenders, attorneys and clients to work together to remove the risk before the closing.

Tradition Title Agency customizes searches to each unique client situation. We do Attorney Searches, Abstracts, Chain of Title, Covenant and Restriction, Easement/Right of Way, Municipal Searches, and whatever your unique situation requires.

Q. What liability does the mortgage banker, broker or attorney have in ensuring a clear title?

A. The best thing real estate, legal and financial professionals can do to minimize risk for themselves and their clients is to always do business with a reputable title agency with experience and expertise that understands the laws and regulations in their local area. With a solid reputation and more than 40 years of experience in satisfactorily clearing titles in NY, NJ, and PA, TTA is such an agency.

Title Services – More!

29 Jan

Tradition Title Agency can also help you with:

  • Accommodation Recordings and Filings
  • Attorney Searches (last owner, open mortgages, judgments, liens)
  • Bar Claim Actions
  • Business Searches
  • Certificate of Good Standing Searches
  • Chains of Title Searches
  • Condemnation Certifications
  • Co-Op Searches
  • Covenant and Restriction Searches
  • Easements/Right of Way Searches
  • Foreclosure Searches
  • Mortgage Foreclosure Searches & Filings
  • Tax Lien Foreclosure Searches & Filings
  • Mechanic’s Lien Foreclosure Searches
  • Last Owner Searches
  • Lien Searches
  • Judgment
  • Open Mortgages
  • Federal Tax
  • UCC’s
  • Miscellaneous/Minor
  • Map Abandonments
  • Map Certifications
  • Mechanics Lien Searches
  • Municipal Searches
  • Single and Separate Searches
  • Street Abandonments
  • Street Dedications
  • Surplus Money Proceedings
  • Title Certifications
  • Variance Searches
  • Zoning Lot Certification Searches (NYC)
  • Zoning Searches

Please call the Tradition Title Agency office for more information at 631-328-4410 or submit our contact us form.

The Value Of A Competent Title Company: Avoid Problems In Closing

21 Jan

From 


Consumer protection agency wants to know about snags that arise in real estate closings

By , Published: January 9 | Updated: Friday, January 10, 9:40 AM

The federal government has a question for consumers who have bought or refinanced homes, a question that’s certain to generate more than an earful or replies: Were there any problems when you went to close the deal?

Any last-minute glitches or surprises that delayed the settlement, required unexpected negotiations or, worst of all, blew up the sale or refi? Did you get your settlement sheet in advance so that you could review the documents intelligently? Were there any errors or discrepancies that popped up — charges that were considerably higher than you had expected, loan-related fees or an interest rate that differed from what you thought you had signed up for? Was the whole process pleasant? Was it “empowering”?

Wow. Talk about stirring up hornets. The Consumer Financial Protection Bureau, which has broad regulatory powers in the real estate settlement arena, wants to know whether there are common problems that need to be fixed. If so, it may make what it euphemistically calls “interventions” in order to right what seems to be wrong.

The bureau also wants to hear from realty professionals, lenders, title insurance and escrow agents, lawyers and others who play roles in closings on homes — the people who produce, bless and witness the signings of mounds and pounds of paper associated with the settling of America’s home transactions.

From industry accounts, the vast majority of closings are successful. The National Association of Realtors estimates that roughly 10 to 12 percent of all pending sales don’t close, for various reasons. But conversations with agents suggest that a much higher percentage of settlements experience problems that arise just before or during the event, snags that either delay or complicate the process.

Though eleventh-hour delays can occur because of issues related to title insurance and other factors, a disproportionate number appear to be related to the mortgage. Late in the game, the lender might inform the borrower: Sorry, but we’ve encountered some underwriting red flags in your application that you’ll need to resolve before we can proceed. Or oops, we didn’t get all the loan documents to the closing agent in time. Or worst of all, we’ve changed our mind. We simply cannot do this loan and we sincerely regret that we’re telling you this on the day before your scheduled closing.

Gary Kassan, an agent with Pinnacle Estate Properties in Valencia, Calif., says that he routinely gets buyers preapproved by lenders but that in at least 20 percent of purchases, problems that threaten to delay or disrupt closings pop up after the preapproval. In early January, Kassan was waiting for a lender to agree to close on a deal that had originally been scheduled for late December. The problem: underwriters’ questions about the borrower’s income that arose late in the process.

“I want to ask all these [loan officers] ‘Why didn’t you bring this up earlier, before you gave [my client] a preapproval letter?’ ”

Cindy Westfall, an agent with Premiere Property Group in the Portland, Ore., area, has had two recent sales knocked off track by underwriting issues just before the closing; one of them caused the entire sale to blow up, forcing her buyers to start their home search all over again. “My clients were very stressed” by the entire experience, she said in an interview.

Rhonda Masotta, an agent with Bright Realty in Sarasota, Fla., almost found herself in the same situation: Last year, she was sitting at a table for her buyer’s closing on a $1.25 million home. The only thing missing was one essential item: confirmation that the bank committed to do the loan had wired the money needed to complete the transaction.

“We all waited for hours,” but there was no word from the bank, Masotta said. The closing was rescheduled for the following day, but then came the bad news: The bank had decided to back out of the deal. That’s usually a death sentence on a home sale, but Masotta and her colleagues on both sides of the transaction opted for an emergency rescue attempt and found a bank willing to underwrite and fund the loan on an expedited basis later the same day.

That’s not the way closings are supposed to work, but stuff happens.

If you want to share your experiences with the Consumer Financial Protection Bureau, e-mail your account by Feb. 7. Detailed instructions for submitting comments — and postings of comments made to date — are online in the Jan. 3 Federal Register, at www.federalregister.
gov
.

Ken Harney’s e-mail address is kenharney@earthlink.net.

Welcome to Tradition Title Agency

7 Jan

No title agency works with more diligence and attention to detail than Tradition Title Agency. With decades of experience creating and using innovative solutions, our team of professionals has perfected title searches, transfers and deeds, for reverse mortgages, residential mortgages, and commercial mortgages in New York, New Jersey, Pennsylvania and Florida. We have never had a title issue that we could not find a viable and satisfactory outcome for.

 

Tradition Title saves your company time and money by streamlining and fast tracking your title clearings. We ensure the safety of your clients’ interests and eliminate liability issues with no hidden fees in an average turn around time of just three to five business days.

 

We help you build your business by partnering with you to help educate your clients to make the best choices. Mortgage lenders, brokers, loan officers, and attorneys rely on Tradition Title again and again because your satisfied customer is our goal, too.

 

The entire Tradition Title team is ready to assist you with reverse mortgages, title searches, title insurance, land titles, lien searches, residential title clearing, commercial title searches and more.

 

Please contact our office to find out what we can do for you at 631-328-4410, email us at info@traditionta.com, or submit our Contact Us Form.

We can help!