First American Bank in Silver City, NM with Reviews -
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By: Cathy B.
Wells Fargo Bank
Patty completed a VA Loan on a manufactured home for my husband and I in a extremely professional and very courteous way! I would highly recommend Patty and Wells Fargo Bank in Silver City!
By: mslarea2u
Western Bank
So yesterday I get a call from Western Bank, whom I used to bank with until yesterday.. I co- signed on a loan for my son, he lost his job, hasn't been able to find anything stable in months, he had another personal loan that he took out prior to this loan, he took this out on his own.. On the loan I co-signed for I have been paying..faithfully.. So Leslie at Western bank has decided to piggy back the loan that my son took out on his own, ( me not having anything to do with this personal loan whatsoever) I have not signed or have anything to do with this... To me, I don't see how this financial institution feels that they can do this legally.. I'm disgusted that they feel so freely to burden me with a loan I have nothing to do with! I'm in contact with the BBB and the Attorney General.. I'm in shock that they think I'm responsible for this personal loan I am not on or have signed for!!! I just thought people needed to know what kind of shady bank this is!!
Tips & Advices
Lender's title insurance is designed to protect the interests of the mortgage lender, and it covers only the portion of the equity that is owned by the lender. Owner's title insurance is crafted to shield the interests of the homeowner, and it provides coverage for the homeowner's equity in the property.
Title insurance only covers claims and encumbrances that are already a matter of public record. Title insurance does not cover claims that haven't yet been recorded. Also, title insurance offers no guarantee that you are buying a legally created parcel of land that can be used for the purpose of real estate development.
A title defect is an obstruction that affects the ownership of a property. Liens, mortgages, and judgements are all title defects, and they can prevent a seller from legally offering full rights to a piece of property. A title defect can also take the form of improper wording of the title document or improper recording of the ownership or property forms.
If you have an owner's policy, your title insurance will never need to be renewed. However, if you refinance your home, the lender will require you to invest in a new lender's policy. A new lender's policy is required even if you are refinancing with the same lender with which the original purchase of the property was made.
With lender's title insurance, coverage lasts until the mortgage is paid in full. With owner's title insurance, coverage lasts for as long as the owner or the owner's heirs have interest in or ownership of the property that is covered.

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