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Ward's acronym: "Looking for F.I.T.E.S."

Posted by Rick, the Probate Guy on June 01, 2009 at 1:36 PM

In Reply to: F.I.T.E.S. posted by John on May 31, 2009 at 2:41 AM

LOOKING FOR F.I.T.E.S.
F= Review the deed to see if the FULL value designation is checked off concerning the transfer tax that was paid.
I= Then on the trust deed or mortgage see if the beneficiary or mortgagee is an INSTITUTIONAL lender rather than a private individual and recorded concurrently with the transfer deed.
T= Then check on either the deed or trust deed/mortgage to see if there’s a TITLE order number referenced somewhere in the periphery of either document.
E= Then check on either the deed or trust deed/mortgage to see if there’s an ESCROW number referenced somewhere in the periphery of either document.
S= The acquisition deed and the trust deed are SEQUENTIALLY numbered.



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