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I got notification from the investor, that he received information of my home insurance, and that I need to change the real estate name from rememory imaging llc to ricci estates and to add them as the payee loss. I have a copy of my deed and contract and no where does it states that after 1 year being at this property.
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When money is borrowed for real estate secured by a mortgage, the borrower must conform to title requirements and comply with the terms of the loan documents. If there was an error at closing, most loan and closing documents contain an acknowledgment by the borrower that technical errors must be corrected when they are discovered.
Without knowing more, it appears that the name on the deed was incorrect and the lender is properly requiring that the name be corrected. The only way to assure this advice is accurate is to have a free initial consult and review documents.
I trust this has been helpful, and, if you live in the Delaware Valley, feel free to call or email me on a free initial basis.
Best Regards,
Matthew R. Nahrgang, Esquire
35 Evansburg Road, Ste 400
Collegeville, PA 19426
(610) 489-3041 o
(610) 489-3042 fax
nahrganglaw.com
Answered on Dec 13th, 2021 at 9:39 AM