Financial loss from cyber activity rises almost six fold
Posted by: Titlesolv
Fraud Cyber crime
CASE STUDY: A race to possession when a borrower defaults on their financial obligations
Posted by: Titlesolv
If the property is leasehold and the borrower ceases to make payments on their mortgage, not only is the lender affected, but the freeholder (or landlord) is too. This can mean a lender risks losing their security if they don't act quickly enough.
When is an urn an urn and could it really become a listed building?
Posted by: Titlesolv
Listed Building Liabilities
CASE STUDY: Protecting our developer clients post planning
Posted by: Titlesolv
CASE STUDY: Protecting our developer clients post planning. Our Defective Title Policies can be tailored to enable developers get their project off the ground. Whilst new developments aren?t always welcome, especially in areas whereby residents aren?t all too keen on change, our policies can help ensure that delays are kept to a minimum.
CASE STUDY: Protecting our lenders against fraudulent borrowers
Posted by: Titlesolv
What triggered the claim? The Lender was approached by Mr M for a short term loan to be secured as a second charge against the Property he jointly owned with his mother, Mrs Y. Once the loan was complete, Mrs Y would relinquish her interest in the property and Mr M would become the sole owner. Mr M was living at the property with his wife and Mrs Y and confirmed that they would be letting the property out and produced a tenancy agreement to reflect this. 6 months later, Mr M defaulted on the loan. The lender discovered that not only was Mr M still living at the property, but Mrs Y alleged that she had no idea why the property was no longer in her name, that she didn't know the solicitors who had acted on her behalf and that she did not understand the documents Mr M had asked her to sign.
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