In a move that confirmed the firm’s supremacy in the mortgage and financial sector, Nationwide Title Clearing, Inc. (NTC) was the first company to address title defects concerns in the industry. After upgrading its website in 2014, the company reduced the numerous hurdles that used to mar the property reports acquisition process during mortgage transactions. This move came at a time when a debate was gathering momentum among the industry’s stakeholders on how title defects were causing unnecessary delays in transfer of ownership of assets. With readily accessible property reports, NTC’s clients can have a clear picture of the ownership status of a property as well as know whether anyone lays claims to a property before engaging in a mortgage transaction.
What Causes Title Defects
A title can be rendered defective for several reasons. The most common reason is due to unsettled claims by other people, especially about loans and debts that the property owner could have taken using the property as collateral. Title defects can also arise as a result of compliance issues, particularly when a mandatory signatory fails to sign the transaction documents or the documents’ wording falls short of the set standards. Other reasons are procedural; like in a situation where due process is not followed when recording or filing documents. With all these reasons, having property reports beforehand is of paramount importance since it helps property buyers to address title defects early enough.
According to NTC’s president, John Hillman, the provision of online property reports was in line with the company’s commitment and dedication to helping its clients secure properties in a speedy process. Hillman assured customers that the reports provided on their website are authentic since they are obtained from reliable County land records. To add onto that, he communicated that the records are passed through a thorough verification process that involves automated systems and human authentication to confirm the accuracy of the data provided. The CEO also added that NTC was aiming at customizing the reports to suit particular property needs for its clients to ensure that they do not end up acquiring many documents that could be irrelevant to their particular needs.
Nationwide Title Clearance, Inc. is a Florida-based institution that conducts research and processes documents on behalf of residential mortgage market players. The company’s main clients include mortgage investors, lenders, and servicers. Since its creation in 1991, the company has bagged numerous accolades, including the Hire Power award in 2012 and 2013.
Jason Halpern is a renowned real estate developer in the United States. He is popular for the development of the flashy and luxurious buildings in Miami, Brooklyn and other places in New York. However, he is most popular for his reuse of buildings and advocating to maintain some aspects of the initial infrastructure in order to maintain its architectural integrity. He builds residential complexes and luxurious hotels from some of the old structures and creates a very spectacular building. He is the current director of the Parametric Dining, LLC in Philadelphia. The company has been in his family for years and he took over its leadership in 2010 and has seen it achieve so much success. He combines his entrepreneurial skills and his love for architecture in order to gain a competitive advantage in the industry.
In his years as the company’s director, it has been able to make some of the best business alliances that have resulted in some amazing building projects. In 2014, Halpern announced a big milestone in the construction of the Aloft Hotels. The construction would involve the building reuse of the motel Ankara. The Plaza Construction Company would build an eight storey tower incorporating the initial architecture of the building. The building would be one of the biggest addition into the Aloft group of hotels. The hotel was scheduled to open in 2015 and this meant that the companies were in line with the schedule. In addition to having guest accommodation, it would also have an outdoor pool, a meeting area and a rooftop lounge. The hotel would also be part of the Guest(R) program. Under this program, customers can gain and redeem points for flights, rooms to stay or an upgrade for their rooms.
Halpern controls all the residential and commercial real estate properties owned by the company across different parts of U.S. One of its major secrets into being the leading developer of luxurious properties comes from the strategic location of their properties. In 2011, Halpern gained more recognition when Parametric Dining had one of its buildings win an award. Their construction of the 340 luxurious apartments in Kent won the year’s Brooklyn Building award for the adaptive reuse category. This was one of the building moments of Halpern’s career in real estate development. Cass Gilbert-designed waterfront warehouse was once the host of the biggest grocer in all of U.S. The warehouse build in 1913 is still in the history registry records because Halpern advocated for the preservation of its architectural integrity during its reuse. This building is now one of the most sought after rental building in the area for its good view of Manhattan and its location that is close to many other auxiliary facilities.
Do you want to invest in real estate? If so, learning from Arthur Becker is one of the best decisions you can make. He is an investor who has a lot of experience in other areas of the economy. He has proven to be a valuable person to learn from over the years. He is the type of person who is always willing to bet against what other people are saying. This has made him a lot of money over the years with his investments. Not only that, but he is always willing to work with people who want to learn the business.
Investing in real estate is not easy, and it is definitely not for people who do not like risk. Arthur Becker has always been interested in investing, and he has worked his whole life to get where he is today. He has also written a variety of books and articles on this subject. Many people today want to invest to build wealth for the future. Learning from Arthur Becker is one of the best things that you can do to learn the business of investing in real estate, says NY Mag.
One of the most difficult parts of investing in real estate is financing. There are a lot of people who want to finance the purchase of their investment properties. According to therealdeal.com, after the housing crash, many banks will not lend money unless you have a solid financial foundation. This is why having cash is so important in the business. It may take you several years to build up a large enough cash reserve to start investing. However, this is much better than getting into thousands of dollars in debt that you can never pay back. If the housing market shows weakness again, you will be protected against any issues down the road.