Word: settlement
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...insurance escrow. The bank "forgot" a $200 credit promised to him when he signed up for automatic debit payments. And at closing, he was asked to sign off on an insurance policy to pay his mortgage should he die - the cost of which had been written into his settlement papers...
...from most others, leading harried bankers to make the kinds of mistakes that those of us lacking Ph.D.s rarely catch. More than ever, it's important to work with someone you trust - a mortgage broker, or possibly a lawyer to represent you - or do your own due diligence before settlement...
...Closing-cost errors (and shenanigans) are a familiar issue with regulators. The Federal Deposit Insurance Corp. examined 2,031 banks in 1996 and found that 1,528 had violated some portion of the Real Estate Settlement Procedures Act, which requires lenders to fully disclose their fees. respa is under constant review: in the works now are proposals to require lender fees to be within 10% of an initial good-faith estimate, and to provide borrowers with a copy of their "HUD-1" final-cost document sooner than one day before closing, as is currently required. In fact...
...many Palestinians too - would like to see regime change in Palestine, it won't happen so long as Israeli tanks keep the West Bank in lockdown and allow Arafat to portray himself as a martyr. And without a new Palestinian leadership, a Palestinian state and a lasting settlement in Israel will remain a mirage. That, of course, may be in Sharon's interests. But isn't it time to say that it's not in ours...
...Saifudden's village of Dalicharbolak, the men there admit that after 12 people died of malnutrition over the summer, some among them gunned down two cannabis growers who were hoarding water upstream. An hour's drive to the east of Dalicharbolak, a village headman says his is the only settlement out of 38 nearby that has potable water?in effect, a single half-meter-wide well must provide for 60,000 people. The headman claims that anyone is welcome to use his well, but the guards fingering AK-47s and a mounted heavy machine gun around the borehole suggest otherwise...