photo: Marie Sapienza, Esquire
And the beat goes on!
With the continued restrictions on social movement, many in Northern New England have embraced spending the time outdoors biking, hiking, and skiing! I consider myself very fortunate to have so much so very close, but with our booming real estate industry it has been challenging for those in the real estate business to enjoy it as much as we should.

One of the changes that has been talked about quite a bit over the past few years, but more recently in the past several months, is remote online notarization (RON) or remote ink notarization (RIN). In New Hampshire, the lack of permanent legislation, and our reliance on an Executive Order, has put this practice “on ice” for many settlement agents. This week, the New Hampshire Senate adopted SB134-FN, which includes provisions for RON, on the consent calendar. The bill now heads to the House for a public hearing that may happen in April. Things may change in the coming months, so this would be a very good time to begin having conversations with your lenders about their plans to implement the use of RON. We have an internal taskforce at CATIC that has been monitoring legislation, communicating with lenders, and compiling information on tools to help our agents through the process. We invite you to contact any one of us if you have any questions, or need help getting started.

Meanwhile, we wish you well, and may you enjoy our beautiful states in Northeast New England.
Judith Braun, VP/NNE Regional Manager
jbraun@catic.com | (866) 595-5559
Noteworthy
When is an Aggregation Endorsement Used?
by: Judy Parys, VP/State Counsel, NH

The ALTA 12-06 Aggregation Endorsement is used strictly on Lender’s policies that insure multiple mortgages securing the same note. It is sometimes referred to as a “Tie-In” endorsement.

Set forth below is a common example of when an Aggregation Endorsement is used in New Hampshire.

A borrower borrows $3,000,000. The lender asks for mortgages on the commercial property involved and on the borrower’s home. There is one note for $3,000,000. There are two mortgages. One mortgage is on the commercial property and one mortgage is on the residence. Each mortgage is for $3,000,000.
Apples to Apples, Deeds to Deeds
Paralegal Pointers

The mortgagor names recited in title and mortgage documentation should always exactly match the names in whom title is vested—as they appear in the land records.

On many occasions a lender will request a title order using the names the borrowers provided at the time of the loan application. This information may not necessarily match the way the borrowers currently hold title or the way the names appear on a purchase contract.

In a refinance, the first thing you should do when the search comes in is to make sure the names of the title holders match the names of the borrowers as the lender has them in the mortgage documentation.


It is going to be a busy spring...are you ready?

COMMERCIAL ENDORSEMENT WEBINAR
Tuesday, April 20 from 11 a.m. to 12 p.m.*

THE WHY'S OF AN OWNER POLICY WEBINAR
May 2021*

HOW CYBER FRAUD IS THREATENING OUR INDUSTRY
June 2021*

* PLEASE NOTE: registration details coming soon.
Looking For More Details?
Reach out to Trish today to learn more psawicki@catic.com.
"QT," Our Quarterly Trivia Question
How does a “purchase money” mortgage differ from a mortgage that is being refinanced in regard to a spouse’s homestead interest?

Email Judy Parys at jparys@catic.com, and the first five individuals with the correct answers will receive a special package!
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2 Capital Plaza, Suite 408 | Concord, NH 03301 | (866) 595-5559