Category: All States

17 Dec

Underwriting Q&A: Is a title company responsible for obtaining and paying for services at a closing settlement to assist customers with disabilities?

Q: Is a title company responsible for obtaining and paying for services at a closing settlement to assist customers with disabilities? Answer: Yes. The Americans with Disabilities Act (ADA) is a comprehensive civil rights law, prohibiting discrimination on the basis of disability. The ADA requires real estate professionals and entities to provide effective communication to

15 Nov

Underwriting Q&A: What in the world is PACA and PSA?

Q: What in the world is PACA and PSA? A: “PACA” refers to the Perishable Agricultural Commodities Act, while “PSA” refers to the Packers and Stockyards Act. These statutes were designed to protect agricultural and livestock producers who were commonly subjected to wrongful/unfair business practices. Over time, these statutes were strengthened to add trust provisions

28 May

Underwriting Q&A: If the current seller was awarded the property in a divorce proceeding, do we need to worry about a federal tax lien recorded against the ex-spouse post-divorce?

Q: If the current seller was awarded the property in a divorce proceeding, do we need to worry about a federal tax lien recorded against the ex-spouse post-divorce? A: The answer will depend on what steps were taken after the divorce to provide notice to creditors and the characterization of the subject property as set