U.S. Sen. Sherrod Brown (D-OH) has authored a letter to the executives of the nation's four largest banks calling on them to work with responsible homeowners to avoid foreclosure. "Your banks all recorded profits during the second quarter of this year, but many Ohio families are struggling just to keep their homes," Brown wrote in a letter to the heads of Bank of America, Citigroup, JP Morgan Chase and Wells Fargo. "My state had a record 89,053 foreclosures in 2009. Nearly one in six mortgage holders in Ohio are either in foreclosure or 30 days past due.Read more
Cleveland-based Resource Title Agency Inc. is now delivering responses to requests for proposal for commercial real estate transactions using hyperlinked commitments. Traditionally, title companies have provided commitments in the form of lengthy paper documents via mail, shipment or courier. Although the use of hyperlinked commitments is not new, it has been offered to date primarily by large national title underwriters. By offering this service, Resource Title is serving notice that title agencies intend to provide higher levels of service as well.Read more
Resource Title Agency Inc. has announced the opening of its newest office in Washington, D.C. to serve its expanding base of commercial and governmental clientele. This move follows Resource's recent opening of its national commercial division office in downtown Chicago in late 2009. Richard J. Rennell Jr., senior vice president of finance and head of Resource Title’s commercial division, indicated that the opening comes in response to increased commercial activity along the east coast, as well as increased activity with governmental entities.Read more