The Lingo and Terminology used the in Title Insurance Business
“INSURED” is the party to whom coverage is extended by the terms of the policy. “INSURER” is a title insurance company which is a member or subscriber of the Title Insurance Rating Bureau of Pennsylvania. Unless otherwise indicated, “Insurer” includes all who are expressly authorized to act on behalf of the Insurer, including its […]
Proctor & Lindsay Law Firm Defends Freedom of Religion in The Supreme Court
The First Amendment has two provisions concerning religion: the Establishment Clause and the Free Exercise Clause. The Establishment clause prohibits the government from “establishing” a religion. The precise definition of “establishment” is unclear. Historically, it meant prohibiting state-sponsored churches, such as the Church of England. The test to determine whether a law has the effect […]
35 Troubles a Title Could Have; 35 Reasons You Need Title Insurance
There are many title troubles that can arise to cause the loss of your home–or your business property–or your mortgage investment. Title troubles not disclosed by the most careful search of the public records–called hidden hazards–are the most dangerous. Because of them, your abstract may be perfect, but your title worth-less. Your attorney’s examination may be […]
Why Title Insurance?
WHY YOU NEED TITLE INSURANCE You are in your late twenties, post college, ambitious, recently married and looking to start the next cornerstone chapter in your life; buying a home. For many first time property buyers the experience can be unknown territory. One of the key concepts that a first time buyer should become familiar with is […]
Chuck Proctor serves as expert witness in successful Pennsylvania Mortgage Recording Lawsuit
In an Order dated June 30, 2014, a US District Judge held that Mortgage Electronic Registry Systems, Inc., also known as MERS (the electronic mortgage registry operated by Merscorp Inc.) violated Pennsylvania law by failing to properly record home loans that were sold or transferred. The typical residential mortgage finance transaction results in two legally […]