Anti-government protests are increasing in Egypt day by day. However, the outcome of the bloody demonstrations in Egypt remains unclear. In the meantime, the United States is condemning the violence and has urged Hosni Mubarak, the present President of Egypt, to step down.

Can Egypt’s political situation affect the U.S. economy?

The turmoil in Egypt has already affected the U.S economy. Oil prices have been increasing in the past two weeks. Rising in oil prices will hold back the economic growth of the country. Apart from this, the bloody demonstrations in Egypt has increased risk premiums on shipping insurance which will in turn further increase the cost of oil and gas imports.

The political unrest in Egypt has increased the concerns about the operations in the region of Suez Canal. This is an important point between the Mediterranean and the Middle East and Asia for petroleum products and other types of cargo.

Could the US military get involved in this turmoil?

It is quite unlikely that the US military will get involved in the political unrest. The present protests in Egypt will not pose any direct threat to the United States. Also, it has been noted that the United States does not want to interfere with the democratic aspirations of the common people.
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Due to the crisis in the real estate market, foreclosures have increased manifold. As a result, title insurance has suddenly become a hot topic, especially for the mortgage lenders. Whether you’re buying a new property or a foreclosed property, the lenders will require title insurance to issue a mortgage. Due to the increase in foreclosures, the title insurance companies are re-examining if they should cover homes or how they should cover homes that have gone through foreclosure.

Let’s take a look at what title insurance is all about.

Title insurance: What does it do?
This is a type of insurance which will safeguard your claim to a home. When you go for a title search, the title company will actually search to find out if anyone else has any claims over the property. Problems related to the title are normally resolved before the closing of the loan. If you’re purchasing a foreclosed home and if the title company is not satisfied with what it sees, then you may not get an insurance policy.
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Many of us try to avoid reading the paperwork which we receive when we purchase anything or go for insurance. However, it’s not a good option to do so as we miss on the terms and conditions of the purchase. In the long run, the avoidance of reading the paperwork can lead to severe problems in our daily lives.

Here are 6 documents that you shouldn’t sign without reading:

1. Credit card slips: Most of us are tempted to sign the credit card slip even without taking a glance at the total amount charged to us. However, you shouldn’t do that. If you read the bill, you’ll be able to find occasional error in calculation.

2. Real estate documents: These include purchase/sale agreements, mortgage and title documents as well as leases. A large number of people who lost their homes during the rescission rued the fact that they did not knew that their loan was adjustable rate. This is just because of the fact that they didn’t read through the loan documents. If you’re going for a lease agreement, ask the landlord to e-mail you a copy for review before signing.
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