Last year, Taylor Johnson client Proper Title hired Richard “Dick” Bales, author, speaker and “godfather of title,” to provide counsel to attorneys, examiners and closers. Team TJ quickly tapped his storehouse of knowledge in developing newsworthy stories for industry media. One timely topic came to the surface: the impact of mortgage forbearances, which are allowed under the CARES Act. ICYMI, mortgage forbearance is when a lender allows a temporary pause on mortgage payments while homeowners gain their financial footing. We helped turn Dick’s advice on how title insurance firms can avoid forbearance-agreement losses into this byline for Scotsman Guide.

Richard “Dick” Bales, senior underwriting consultant and counsel for Proper Title, recently shared tips for the mortgage and title industry when dealing with forbearances.