LIC seeks higher interest on NHPC loan The country?s largest insurer, LIC, has sought to raise interest rate on its loan to public sector hydel power generator NHPC. http://economictimes.indiatimes.com/LIC-seeks-higher-interest-on-NHPC-loan/articleshow/5298173.cmshttp://economictimes.indiatimes.com/LIC-seeks-higher-interest-on-NHPC-loan/articleshow/5298173.cmsThu, 03 Dec 2009 20:19:34 GMTLIC seeks higher interest on NHPC loanLIC seeks higher interest on NHPC loanIDBI Bank, Toyota ink MoU for auto finance IDBI Bank and Toyota Kirloskar Motor Pvt Ltd (TKM) today signed a memorandum of understanding (MoU) for providing auto finance to the latter's prospective customers.
http://economictimes.indiatimes.com/IDBI-Bank-Toyota-ink-MoU-for-auto-finance/articleshow/5292990.cmshttp://economictimes.indiatimes.com/IDBI-Bank-Toyota-ink-MoU-for-auto-finance/articleshow/5292990.cmsWed, 02 Dec 2009 14:16:09 GMTIDBI Bank, Toyota ink MoU for auto financeIDBI Bank, Toyota ink MoU for auto financeEPFO may buy long-term govt bonds from secondary markets The retirement fund manager EPFO will soon be allowed to purchase long-term government bonds with maturity of 10 years or more from the secondary market.
http://economictimes.indiatimes.com/EPFO-may-buy-long-term-govt-bonds-from-secondary-markets/articleshow/5292427.cmshttp://economictimes.indiatimes.com/EPFO-may-buy-long-term-govt-bonds-from-secondary-markets/articleshow/5292427.cmsWed, 02 Dec 2009 11:14:44 GMTEPFO may buy long-term govt bonds from secondary marketsEPFO may buy long-term govt bonds from secondary marketsWockhardt wins ICICI backing for liquidation fight with DBS Pharmaceutical company Wockhardt, which is fighting a legal battle with a clutch of foreign banks, which want the troubled drug-maker to be liquidated, on Friday received support from ICICI, India?s largest private sector bank.
http://economictimes.indiatimes.com/Wockhardt-wins-ICICI-backing-for-liquidation-fight-with-DBS/articleshow/5277174.cmshttp://economictimes.indiatimes.com/Wockhardt-wins-ICICI-backing-for-liquidation-fight-with-DBS/articleshow/5277174.cmsFri, 27 Nov 2009 19:48:36 GMTWockhardt wins ICICI backing for liquidation fight with DBSWockhardt wins ICICI backing for liquidation fight with DBSFranklin Templeton to launch new income fund Franklin Templeton Investments (India) is launching a new open-ended income fund that seeks to provide high return and stability of capital. http://economictimes.indiatimes.com/Franklin-Templeton-to-launch-new-income-fund/articleshow/5275766.cmshttp://economictimes.indiatimes.com/Franklin-Templeton-to-launch-new-income-fund/articleshow/5275766.cmsFri, 27 Nov 2009 11:58:31 GMTFranklin Templeton to launch new income fundFranklin Templeton to launch new income fundRBI to ask banks about their exposure in Dubai World The Reserve Bank of India (RBI) will ask Indian banks to furnish details regarding their exposure in the Dubai World, said RBI deputy governor Shyamala Gopinath in Ahmedabad.
http://economictimes.indiatimes.com/RBI-to-ask-banks-about-their-exposure-in-Dubai-World/articleshow/5275673.cmshttp://economictimes.indiatimes.com/RBI-to-ask-banks-about-their-exposure-in-Dubai-World/articleshow/5275673.cmsFri, 27 Nov 2009 11:35:05 GMTRBI to ask banks about their exposure in Dubai WorldRBI to ask banks about their exposure in Dubai WorldEPFO asks ICICI Pru, SBI to improve returns Unhappy with the performance of ICICI Pru AMC and State Bank of India--two of its two fund managers--during the first half of this fiscal, the EPFO has asked them to submit an action plan on earning better returns.
http://economictimes.indiatimes.com/EPFO-asks-ICICI-Pru-SBI-to-improve-returns/articleshow/5275608.cmshttp://economictimes.indiatimes.com/EPFO-asks-ICICI-Pru-SBI-to-improve-returns/articleshow/5275608.cmsFri, 27 Nov 2009 11:19:12 GMTEPFO asks ICICI Pru, SBI to improve returnsEPFO asks ICICI Pru, SBI to improve returnsReliance Capital plans to take over Indian financial firm Indian financial services firm Reliance Capital said on Friday that it plans to take a majority stake in Mumbai-based Quant Capital Group. Financial details were not disclosed.
http://economictimes.indiatimes.com/Reliance-Capital-plans-to-take-over-Indian-financial-firm/articleshow/5275047.cmshttp://economictimes.indiatimes.com/Reliance-Capital-plans-to-take-over-Indian-financial-firm/articleshow/5275047.cmsFri, 27 Nov 2009 08:03:38 GMTReliance Capital plans to take over Indian financial firmReliance Capital plans to take over Indian financial firm
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What Is Title Insurance And Why Do I Need It Anyway? If you are interested in joining the ranks of successful women in real estate, it is important that you come to a complete understanding of the fundamental elements associated with real estate investing. Yes, few people find the intricacies of title exciting and many feel it's down right boring. However, if professional women have learned anything over the course of the past few decades, it is that knowledge is power. In this regard, one of the most important elements of the real estate investment process is to understand how title works.
So, read on and learn.
Title is exactly as it sounds. It insures you in case that at some later date, a recorded or unrecorded document surfaces that can affect the title of the property you purchased. Putting it simply, a title policy insures the ownership of the property, and protects you as the owner.
Before providing a title policy, the title company examines, summarizes and classifies every document affecting the property and its previous owners. Highly skilled title searches assemble this material and forward the results to a title officer. The title officer or examiner then writes an opinion on the title. The opinion will initially take the form of a preliminary title report and ultimately become a policy of title insurance.
Although title is designed to protect a purchaser of real estate against title defects that are discovered after that individual takes title to a piece of property, the real work of a title company is actually undertaken in advance of the closing on the sale itself. After a real estate sales contract is executed between a seller and purchaser, a preliminary title search is performed and then a policy of title is obtained.
This means that the title officer physically evaluates the deed to the property, and then reviews all of the liens and encumbrances that have been filed against that deed over time. This effort by the title company is designed to ascertain that any liens or other encumbrances that may have been placed against the property in the past have been released.
Any liens or encumbrances remaining on the deed or title to the real estate subject to sale will prevent the buyer to obtain "clear" title because every questionable item recorded on title is classified as a defect or "cloud" on title. One of the essential clauses in real estate sales contracts requires the buyer to deliver "clear" title of the property to the purchaser by a certain date. Therefore, the title company will take all necessary steps to clear up any "clouds" on title within the time frame mandated by the contract for the sale of the property.
As mentioned, if for some reason there is a defect on title - a lien or encumbrance not discovered before the new deed is recorded - the title company is responsible for any loss sustained by the real estate purchaser because of that title defect. In most instances, the loss sustained amounts to legal fees and court costs associated with taking action to clear the defect.
If the purchaser or real estate investor does not have adequate title insurance, she is the one who sustains the loss. This is why it is vital to forgo standard title and invest in extended coverage policies with every one of your transactions.
Top SEVEN ways your property can be put at risk:
Your property can be put at risk in a variety of ways. If your property does not have clear title, any questionable recorded or unrecorded documents may have been executed many years before, yet surfaced much later. In this case, know that you are protected by title insurance. Below are seven common items that can put your property risk.
1. Forged deeds, mortgages, satisfactions or releases
4. Deed from a corporation, unauthorized under corporate bylaw
5. Deed by partnership, unauthorized under partnership agreement
6. Deed given under fraud or duress
7. Deed executed under falsified power of attorney
Top SEVEN things to look for:
If any of the following items appear on the preliminary title report, you must take immediate action. The first step is to contact your title company. Failure to investigate any of the following may cause a significant delay in closing of escrow and/or decrease your profit.
1. Tax Liens
2. Mechanics Liens
3. Notice of Action/Judgments (including back child support)
4. Bankruptcies
5. Uninsured Deeds
6. Legal Access to and from the subject property
7. Typos in the legal description and/or parties' names
Two Separate Policies
Nearly every sale of a residential property involves the purchase of two separate policies of title insurance. One policy names the buyer as the interested party and the second names the lender as the insured party. It is customary for the seller to provide and pay for a title policy on behalf of the buyer. This is done so that the buyer can be assured that the property does indeed belong to the seller and that there are no unexpected liens or encumbrances against it. If the buyer borrows money to purchase the house, it is normally a requirement of the loan that the buyer purchase title on the lender's behalf for the amount of the loan and sometimes for the amount of the entire sales price.
One-time Investment
The purchase of a tile policy is single purchase transaction. You pay one premium, and the policy stays in force until you sell or refinance your property. There are no recurring fees. Premiums for the title policy are usually based on the amount of risk assumed by the insurer. The liability is based on the sales price of the property, or, in the event of a lenders policy, on the amount of the loan.
In conclusion
It would be to your benefit as a woman investing in real estate, to have a working relationship with a helpful and motivated title representative whose sole purpose is to sell title policies on behalf of his or her employing title company. Find out what he or she is willing to do in order to earn your business.
- Will the company allow you access to their public record database?
- Can you request and receive copies of recorded documents?
- Will the company create property profiles for your hot deals?
- Can the company set up a farm (territory) to help you generate leads?
Ask ahead of time. A good working relationship with a title company enables you to conduct business efficiently. In simple terms, everyone investing in real estate must know the specifics and the complexities of title and the benefits of building a solid relationship with a good title representative.
Brenda Coté is a Real Estate Investor, Real Estate and Mortgage Broker, Mentor, and Wealth Coach. At Transforming Lives, Creating Wealth, Brenda employs a "whole person" approach to support female Real Estate Investors succeed in business and life. To receive a FREE copy of Brenda's Report, "The Seven Biggest Mistakes Women Make When Creating Wealth Thru Real Estate" please go to: www.TransformingLivesCreatingWealth.com
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Legislative Risks and 2010 Industry Trends to be the Focus of Two High-Impact Webinars From The American College
In an effort to help professionals better understand the impact of proposed legislation and the important trends affecting their practices, The American College, the nation’s premiere financial services educator, is offering two high-impact webinars filled with the essential information professionals need to successfully manage change. On December 10, The College will host the webinar "2009 Year in Perspective" at 10:30 a.m. ET. The following day, The American College will feature a second webinar - "Breaking News…Legislation from Washington on Financial Services" at 1:30 p.m. ET. (PRWeb Dec 4, 2009)
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A Major EU Finance Company Selects Silanis E-Signatures to Enable Straight-Through Processing of Consumer Retail Loans
Silanis Technology, the leader in electronic signature process management, today announced that its ApproveIt Web Server solution has been selected by a major finance company specializing in retail partnerships and banking in the European Union. Silanis’ solution will enable the finance company to provide its vast network of retail partners with straight-through processing of consumer retail loans by allowing applications to be reviewed, signed and returned electronically. (PRWeb Dec 4, 2009)
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Pearl Insurance Wins Five Top Awards at PIMA’s MarkeTTech Marketing Methods competition
Pearl Insurance of Peoria Heights, IL—insurance brokers, marketers, administrators, and part of the Pearl Companies—took home Gold for the third year in a row at the Professional Insurance Marketing Association (PIMA) MarkeTTech Marketing Methods competition, which recognizes excellence in marketing. In addition to three Gold Awards for the categories of Lead Generation Campaign, Mail Solicitation for Underwritten Product, and Conservation/Retention Campaign, Pearl also earned two Silver Awards for the Conservation/Retention Campaign and Multiple Effort Marketing Campaign categories. Pearl earned top recognition for each of their five entries, while competing against some of the biggest names in the insurance marketing industry. (PRWeb Dec 4, 2009)
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CoreDocuments.com Shows Employers How to Setup or Amend a Section 125 Premium Only Plan for Only $89
Many employers don't take Section 125 pre-tax deductions for employee health, dental, vision, and other ancillary benefit insurance premium because they think it is too expensive or too much trouble. Nothing could be further from the truth. CoreDocuments.com, www.CoreDocuments.com, shows businesses how to start saving substantial payroll tax dollars for as little as $89 + S&H for a limited time. (PRWeb Dec 3, 2009)
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eMergent Benefit Solutions to Launch eLECT, State-of-the-art Benefits Administration Solution -- Webinar Features Industry Icon, John Nail
Camden, NJ, December 3, 2009—eMergent Benefit Solutions today announced its launch event for eLECT, a state-of-the-art Benefits Administration Solution, to take place on January 13th, and featuring industry leader, John Nail. The webinar will take place from 10AM-11AM and cover the state of the union in technology solutions for benefits administration, as well as the latest thinking about the "New Norm" in the industry. Over 2000 Third Party Administrators, Brokers and HR consulting firms are invited to attend. (PRWeb Dec 3, 2009)
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Clements International Announces London Office Opening in 2010
Washington, D.C.-based Clements International will open an office in London in 2010 to better serve and communicate with its European clientele, in addition to expanding its broker network. (PRWeb Dec 2, 2009)
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Bluesun and Winsoft Combine to Form Premier Wealth Management Software Supplier
BlueSun Inc and Winsoft Software Inc today announced that they have completed a merger in which BlueSun purchased the majority of Winsoft's assets, including the WealthServ suite of software products. The merger brings together Winsofts expertise in financial service back-office systems with BlueSuns front-office CRM systems and delivery capability. (PRWeb Dec 2, 2009)
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Stuckey & Company Offers Free White Paper on High-Value Home Coverage
Stuckey & Company, a specialty insurance provider that works with over 10,000 licensed agents nationwide, has published a white paper on High-Value Home Coverage to educate insurance agents and their affluent customers about the need for specialized insurance for homes over $1 million in value. (PRWeb Dec 2, 2009)
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