We are pleased to announce our new Online Ordering Tool to help make the purchase of title insurance paperless and easy for our customers. Instead of going through the hassle of filling out a form and getting it to us, we automatically get these orders as soon as you hit submit. This allows your purchase to go through as soon as possible, streamlining the process for you and us. Save time and hassle by ordering online today.read more
Kara Oltman of Ellettsville has been promoted to Executive Vice President of John Bethell Title Company, Inc. according to John Bethell, President and Owner. Oltman is now responsible for the company’s Settlement Services and Client Services teams. She joined the company in 2005 as a closing processor and after several promotions has most recently served as Vice President – Settlement Services.
Bethell said, “Kara is an important and successful leader in our company. Under Kara’s direction our Settlement and Client Services teams have set the standard for providing Premier Service to our real estate, lender, and consumer clients. As key member of our Leadership Team, Kara has helped us successfully manage the significant growth we’ve enjoyed the last few years.”
John Bethell Title Company, Inc. is the leading provider of title and settlement services in Monroe, Brown, Owen, Lawrence, and Greene counties. The company and its twenty employees operate from its downtown Bloomington location.
February 9, 2013read more
There is both good and not so news in 2012’s final mortgage recordings and sales transaction numbers.
I’m most excited by the fact that for the first time since I started tracking recorded deeds in 2003, the annual number of deeds that represent a transaction actually increased over the previous year―1868 in 2012 versus 1736 in 2011. (chart page 7) In other words, an eight percent improvement! That improvement reverses a seven year trend of being in a declining or flat sale market! The leading indicators we follow in our business are currently very bullish compared to recent years. I’m quite excited about the prospects for at least the next six to nine months.
Mortgage volume, due to record low interest rates yet again, also showed its best results in three years. (chart page 7) Even home equity loans are making a modest come back overall―even though the fourth quarter comparison to 2011 is negative. (chart page 12)
The not so good news is that new foreclosures and sheriff’s deeds showed a dramatic increase in the second half of 2012. (chart pages 19 & 20) I would expect that this is a result of the ending of various moratoriums of the previous few years (robosigners, etc) and waiting periods as opposed to a new wave of defaults. Even so, new mortgage foreclosures in Monroe County are still somewhat less than in 2006 and 2007 when the subprime crisis began.
Though Federal fiscal policy and Consumer Financial Protection Bureau regulatory changes will undoubtedly have an effect on interest rates and the market generally, I’m encouraged that things are improving. More so, if you just pick a number in the middle between the peak sale transaction volume in 2004 and the bottom in 2010-2011, there is still plenty of opportunity for improvement.
Best wishes for a terrific 2013!
John Bethellread more
Thank you for allowing us the privilege to serve you in 2012. We appreciate this opportunity every day! We take this responsibility seriously and work hard to earn your trust.
Thank you for the support and encouragement that we receive from you. The way you gently coach us to be better is a gift of enduring value. We will always be grateful.
As is our established holiday tradition, we will make a donation in your name and the names of all our friends and associates to the Boys and Girls Clubs of Bloomington and Ellettsville.
We appreciate the opportunity to contribute to your success. We eagerly look forward to helping you achieve your goals in 2013.
Have a wonderful holiday season and a glorious New Year!
~ John Bethell Title Company, Inc.read more
The Monroe County market continued to show modest improvement in most areas during the third quarter when compared to the same quarter of recent years. Nevertheless, activity remains well below the peak years of 2004-2006.
All in all, most of us are more concerned today with servicing our business rather than worrying about whether we have enough. A pleasant and welcome change in our focus from several years ago!read more
July 27, 2012
Surprising and not-so surprising revelations from the Bloomington mortgage finance and real estate markets after the first six months of 2012.
I’d want to express many thanks to our friends and associates who support us each and every day! No chart could possibly reflect the gratitude that all of us at John Bethell Title feel. The confidence that you display in our abilities to help you is awesome! Have a great second half!
John Bethellread more