By Lydia Blair
Special Contributor

Despite the sound of the name, there is nothing secretive or hushed about ‘Quiet Title.’ This is actually a legal action to ‘quiet the title’ under Texas law.

Quiet Title refers to a lawsuit to clarify the ownership of land and the validity of any liens on a piece of property. Legal action to quiet title is basically a suit filed to establish the true ownership of real property.

Typically, the reason for a quiet title lawsuit is to remove a cloud from the title. A cloud is any potential claim to ownership of a property such as a lien, encumbrance, mortgage, legal dispute, tax levy, partial ownership claim, etc. These are usually discovered in a title search of the property conducted by the title company or title plant. 

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There was a lot of downward trending for the stock market last week, but overall, that’s positive for the bond market and interest rates, says Bob Johnson (AKA Bob Mortgage) the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk

Our most-trusted mortgage adviser explains that, as people react to the plummeting stock market trends and fear-inducing rhetoric from the Federal Reserve, they look for a safe haven for that money. Hence, the overarching growth in relatively safe bond market investments. Plus, less-than-stellar economic reports in the housing industry have made for some negative reactions, too. So, how does that influence whether you should lock or float? Find out today in the Mortgage Report:

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For the 73rd episode of the Mortgage Report, Bob Johnson (AKABobMortgage) reveals that the Mortgage Bankers Association announced that refinance applications are down, but home purchase applications are up. What does it mean? Bob explains that and more.

And pro-tip: If you follow BobMortgage on Instagram, you can get daily updates on Bob’s lock or float positions, and more market news. (more…)

It’s the 70th episode of the Mortgage Report! This week, Bob Johnson (AKA BobMortgage) reports on some big news and rumblings in the market, specifically related to yield curves. What’s a yield curve? How does a yield curve indicate the overall health of the market? Our most-trusted mortgage expert and the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, explains. 

Additonally, Bob breaks down news from US Fed chair Jerome Powell’s speech from Jackson Hole, Wyoming, last week along with news on home sales and jobless claims and how all of this combined shapes his lock or float position. Educating buyers on how mortgages work is what BobMortgage does best, and you won’t want to miss this week’s report. Want to keep track of our constantly changing market? Be sure to follow BobMortgage on Instagram, too!

And now for the 70th episode of the Mortgage Report with BobMortgage:

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There’s a lot of mystery wrapped up in how you get pre-approved for a mortgage. Part of that lies in the debt-to-income ratio, which is part of the alchemy mortgage companies use to see how much you can borrow for your home. But how do they calculate it, and what’s behind the numbers?

In this week’s BobMortgage Zone episode, our most-trusted mortgage expert peels back the layers of mortgage mystery and shows the math. Educating buyers is one reason Bob Johnson (AKA BobMortgage) has become the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk

Get a lesson on debt-to-income ratios and how they affect your mortgage now!

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Bob Johnson (AKA BobMortgage) hears it all the time. With our tight inventory, it’s hard to find a move-in ready home in your perfect neighborhood. Luckily, our most-trusted mortgage expert has a solution  — financing your renovation in your mortgage.

Don’t be discouraged if you find the perfect location with great schools, wonderful amenities, and safe streets, but can’t find the perfect home! Johnson, the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, tells you what you need to know in today’s BobMortgage Zone broadcast. 

Jump to find out more!

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By Lydia Blair
Special Contributor
 
Title companies are like the private detectives of real estate. That’s right. We’re like a combination of Sherlock Holmes and James Bond. Only without the guns and fast cars. Well, maybe we’re closer to a mixture of Nancy Drew and the tech nerd in the back of your office. But we still help save you from real estate disaster.  

One of the reasons title companies are so essential is the title search they perform. A real estate title search involves collecting documents and evidence of the history of a property. The purpose is to ensure the title is clear and valid, and to answer questions regarding a particular piece of real estate prior to the transfer of the title.

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The first hurdle that a homebuyer must surmount is the down payment on their mortgage. A tidy some with all of those zeroes, due closing, can be really intimidating for first-time buyers. Where can you get all that cash to secure the home of your dreams? Our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage), tells us in today’s BobMortgage Zone

Spoiler alert! You can use cash as a gift toward your down payment at closing. But who is allowed to give you the money? Find out from the senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — right now!

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