Gregory B. Taylor – Professional Association

HUD-1 Settlement Statement: A statement prepared by the escrow officer giving a complete breakdown of costs for buyer & seller involved in a real estate transaction.

Gregory B. Taylor – Professional Association

Warranty Deed: A written document used to convey title of real property from the seller to the buyer.

Gregory B. Taylor – Professional Association

Owner's Policy: A title insurance policy issued to a property's owner providing protection against the inability to sell the property due to title problems, and against any litigation by claims of others regarding your ownership of the property.

Gregory B. Taylor – Professional Association

Mortgage: A loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The lender holds a lien on the property as collateral for the loan.

Gregory B. Taylor – Professional Association

Loan Policy: A title insurance policy issued to the lender. It protects the lender for the amount of the mortgage.

Gregory B. Taylor – Professional Association

Refinancing: The renewing of an existing loan with the same borrower and lender; a loan on the same property by either the same lender or borrower; or the selling of loans by the original lender.

Gregory B. Taylor – Professional Association

Contract: A contract between parties for the purchase and sale, exchange, or other conveyance of real estate.

Gregory B. Taylor – Professional Association

Title Commitment: A commitment on the part of the insurer, once a title search has been conducted, to provide the proposed insured with a title insurance policy upon closing.

Gregory B. Taylor – Professional Association

Foreclosure Litigation: The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.

Gregory B. Taylor – Professional Association

Survey: The measurement of boundaries of a parcel of land, its area and sometimes its topography.

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Gregory B. Taylor – Professional Association

Gregory B. Taylor, P.A. is a Boutique Style Law Firm that specializes in real estate law, primarily REO and foreclosure. Our firm handles all lender/servicer-related matters, from foreclosure and bankruptcy representation to loss mitigation, collections and REO closings. Our firm also specializes in residential purchases and sales, vacant land acquisitions, title examination and curative services, as well as leasing and financing of commercial, residential, and industrial properties.

Throughout the years, our management team has developed specific operating systems and streamlined procedures that significantly shorten the traditional legal timeline related to foreclosures and the typical REO closing, thereby reducing the fees and costs to our clients. This structure is the platform of a transparent and seamless integration between the Bank, Outsourcer/Management Company and our firm. To better serve our clients, we have created strategic alliances with major national title insurance companies such as First American Title Insurance Company, Old Republic National Title Insurance Company and Westcor Land Title Insurance Company.

Our clients include major financial institutions, regional banks, regional and national developers, investors, individuals, families, broker-dealers, and real estate companies. Whether purchasing, selling, or leasing residential or commercial real estate, our attorneys will work to make the transaction close efficiently, properly, and promptly.

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