Seeing is Believing: ALTA’s New Survey Standards

By Nicolas Novy on October 11, 2016

For those of you who read our commentary regularly, you’ll see that we span the commentariat world from musings of perhaps little practical utility but great import (at least to us) to the more mundane. Today, mundane. Let’s talk title policies and survey standards. There’s good news here and often good news doesn’t travel fast enough, so here we go. Title policies “insure over” information that a survey would discern. It’s precious little good to…

Crunched Credit

“Shaking” Things Up: Seismic Risk Assessments

By Rick Jones & Nicolas Novy on August 15, 2016

Returning to our theme that nothing’s easy and everything keeps changing, here is one out of left field. Let’s talk Probable Maximum Loss (“PML”) and seismic risk. ASTM International, the market standard setting organization for everything from toilet bowls to condoms, has just issued an amended seismic standards: Standard Guide for Assessments of Buildings (E2026-16) and their Standard Practice for Probable Maximum Loss Evaluations for Earthquakes (E2557-16) (the “Standards”)[1]. These Standards establish an…

Crunched Credit

Foreclosure Attempt Blocked? What You Should Know Before the Clock Hits Zero

By Nicolas Novy, Matthew Ginsburg & Linda Bartosch on May 4, 2015

Just when you thought we were out of the housing crisis weeds of ’07—think again. Apparently when an abundance of people buy homes they can’t afford and predictably fall behind on their payments, the judicial foreclosure process becomes log-jammed. Enter our latest housing crisis nemesis: the statute of limitations. Lenders must generally file a foreclosure action prior to the expiration of the state specific statute of limitations. This means that once a borrower has…

Crunched Credit

“First” Deeds of Trust now Second in Line?

By Nicolas Novy & Rick Jones on November 18, 2014

Never a dull moment. We at Crunched Credit are probably guilty of excess and perhaps myopic focus on our federal government and its regulatory apparatus; it is such a consistently reliable source of commentary and outrage. So here’s one out of left field, but no less important for that. …

Nicolas Novy

Seeing is Believing: ALTA’s New Survey Standards

“Shaking” Things Up: Seismic Risk Assessments

Foreclosure Attempt Blocked? What You Should Know Before the Clock Hits Zero

“First” Deeds of Trust now Second in Line?

Company

Support

New to the Network