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Page 2
May 2006 - Volume 9, Issue 5


GW Land Title Welcomes Heidi Miller

GW Land Title Ltd. is pleased to welcome Heidi M. Miller as Closing Offi cer. Heidi grew up in Ottoville, OH, and has a Bachelors degree in Business Management from the University of Toledo. Heidi has been employed by Sky Bank prior to joining GW Land Title.

GW Land Title is located at 7625 Paragon Road in Centerville, OH. It is a partnership between Veronica A. Grabill, President, and James I. Weprin, General Counsel.


IRS Questioning Validity of Down Payment Assistance

As most of you should know by now, the IRS is questioning the validity of tax exempt status for down payment assistance programs, such as: Ameridream, The Esther Foundation, Nehemiah, Neighborhood Gold, etc. The FHA will not recognize these programs if the tax exempt status is terminated.

HUD expects that on May 22, termination of several program’s status will be revoked. Each lending institution is making individual decisions as to still accept contracts dated up until this date or not. Check with your underwriters’ and company policies before promoting these programs. We will update you as soon as we have full details.


2006/07 Membership Directory is Coming Soon

The newest DMBA Membership Directory has been produced, and the presses are running. Look to receive yours in early June. If you do not receive a copy, or would like additional copies, contact your DMBA representative.

 


2006 DMBA Officers.

President

 

Denny Smart, Union Savings Bank

President-elect

 

Chris Gibbs, Union Savings Bank

Treasurer

 

Scott Bernard, DS Real Estate Services

Secretary

 

Lisa Terry, Home Services Title, LLC

     
Board Members
     

Directors

 

Bill Brogan, Kevin Carmody, Holly Hutchison, Jeff Mundy, Anna Osborne, Anne Ross, Karen Vosler, Ron Weaver

Cabinet

 

Andy Leakas, Ohio Real Estate Title
Margie Lusk, Union Savings Bank

Past President

 

Frank Kavanaugh, Wells Fargo Mortgage


Membership

Prospective members can obtain an application from Holly Hutchison, membership chair, any DMBA officer or board member, or on-line.

No new applications for membership were received. No new applications have been approved.

Any member with a comment concerning the pending admittance of any companies, positive or negative, should contact Holly at Holly.L.Hutchison@wellsfargo.com.


 
Corporate Charter Table of Contents
Page 1

Presidents Message

DMBA Calendar
Page 2
GW Land Title Welcomes Heidi Millers
IRS Questioning Validity of Down Payment Assistance
2006/07 Membership Directory is Coming Soon
2006 DMBA Officers
Page 3
Dayton Dragons 2006
Page 4
June - 2006 Golf Outing
 
 

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