Happy New Year!We’re covering two topics today– Title Company Refunds and the Condo Conversion Lottery Deadline

Title Company RefundsThis next section may sound a little dry, but the information is important and I want to get it right:

Nine California Title Insurance companies have recently agreed with the Insurance Commissioner to refund a portion of their escrow costs to certain buyers or borrowers.Those who qualify will have purchased or refinanced their home between April of 1999 through February of 2005. About 82,000 transactions are affected.

Most of the refunds will probably only be for about $20, but some customers may be due as much as $300.

It’s unknown as yet how many of these refunds will come from San Francisco transactions— but it’s pretty easy to find out if you can get money back. To register an inquiry of whether you are owed something you can go here There’s also a brief explanation on this page about why the refunds are due.

You’ll need to fill in the address of the property and the date you closed. The form asks if you were a “buyer or seller.” If this is for a refi I would just click on “buyer” and then state in the additional notes that this inquiry is for a refi.

I think this is set up so you have to fill out a new online form for each property– which is a pain if you refinanced more than once or bought multiple properties in that five-year period. Even so, it still may warrant the effort.

Condo Conversion Application Deadline is January 26!

Attention! The 2006 deadline for the condo conversion lottery is January 26. Tickets cost $150. The lottery itself will be held February 8. You can download an application and get more information on the condo process at the DPW website page devoted to condo conversion. Here’s the link: www.sfgov.org

And, as always, Andy Sirkin has excellent information on the condo process:

www.andysirkin.com

Finally, my job involves a continual dance of matching buyers and sellers. In order to do my job better, I need to request a favor: If you know someone who is thinking of moving out of the area or is ready to trade up, can you mention my name? Throwing in a compliment or two about my knowledge and services would be an extra bonus. Thanks!

Cheers!

This entry was posted on Tuesday, January 10th, 2006 at 12:00 pm and is filed under Investors. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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