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Nearly $30K Vanished From the HOA’s Account. The State Can’t Investigate the Management Company.
Community association managers run most of Colorado’s 10,000 homeowners associations, but state regulators no longer have the authority to look into complaints about unexplained price hikes, shadowy elections or fraud. Homeowners pay the price.
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MV Reality Introduces Residential Real Estate Title Monitoring Service to be provided at no cost to its Homeowner Benefit Program clients
MV Realty, a residential real estate brokerage and proptech firm active in 33 states, has introduced a new real estate title monitoring service designed to alert homeowners to fraudulent attempts at changing or altering their home title.
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Lessons in Leadership with FNF CEO Mike Nolan
He's worked his way up from an agency sales rep, through management roles, the executive suite and now, Mike Nolan is the CEO of the FNF Family of Companies. Few are as well-versed and in touch with the industry, our people, and our agents as Mike. In this episode, FNF's Linda Grahovec leads a master class in leadership with Mike, who pulls from his 35 years of experience, offering insight everyone in the industry can benefit from.
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Real Property, Financial Services, & Title Insurance Update
Week Ending July 15, 2022
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Cyber attack against county posed risk to real estate industry, which has emerged intact [New York]
The North Fork real estate industry has survived relatively intact following a cyberattack on county computer systems that shut down a critical process in real estate transfers. An in-person system for title searches was established last Monday, according to Chris Nuzzi, executive vice president and regional director at Advantage Title. The online system is still not available but the public can visit the county clerk’s office and access an internal system of records, he said.
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ALTA urges caution on use of title insurance alternatives - National Mortgage News | |
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The American Land Title Association on Thursday warned that Fannie Mae’s new guidance allowing for the limited use of attorney opinion letters opens the door for problems that might leave mortgaged properties with a clouded title.
“As these guidelines take effect, it is important for all parties involved to consider the risks associated with accepting attorney opinions in lieu of a title insurance policy – even in limited circumstances,” the group said in a statement. “Historically, lenders have preferred the protection of a title insurance policy, and Fannie Mae itself has acknowledged that there may be additional risk in accepting attorney opinions.”
Read more Visit ALTA.org for more information on attorney opinion letters
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California Cattle Ranch Protected in Perpetuity
Kevin and Patty Crisp, owners of the Whiskey Run Ranch, have partnered with Placer Land Trust to permanently protect their 197-acre working cattle ranch in Northern California near Lincoln.
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May a buyer remove use restrictions from property they purchased? [California]
A buyer purchases an undeveloped parcel of real estate. The grant deed conveying title included a condition stating the parcel is to be kept as a natural, open space no matter who owns the parcel. The buyer seeks to quiet title to the property and eliminate the use restriction condition in the seller’s grant deed so the buyer can market the parcel for sale as a development opportunity.
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Chabad of the Beaches “Takes” On the Village of Atlantic Beach [New York]
A recent eminent domain case unfolding across the river involves the potential taking of property owned by Chabad of the Beaches (“Chabad”), a Jewish community group, to be used for religious purposes. Chabad was founded by the Rabbi Eli Goodman and his wife, Beila Goodman, to serve the Jewish population of Long Beach Barrier Island. Chabad owns the property at 2025 Park Street in the Village of Atlantic Beach (“Village”) in Nassau County, New York.
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California Enacts Legal Protections for Cannabis Insurance Providers
Several cannabis-related bills were signed by California Governor Gavin Newsom on September 18, 2022, including Assembly Bill 2568 (AB 2568), which clarifies that it is not a crime for individuals and firms licensed by the California Department of Insurance (CDI) to provide insurance or related services to persons licensed to engage in commercial cannabis activities.
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Can Mortgage Lenders Coexist With Green Energy PACE Liens?
To make commercial buildings more energy-efficient often requires significant capital investment. Environmental advocates have come up with a system to finance capital investment for energy-efficient improvements: Property-Assessed Clean Energy (PACE) liens. A funder advances the necessary capital for energy-efficient improvements. The local taxing authority then establishes a lien, just like a real estate tax or assessment lien, against the benefitted property.
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United States: No guaranteed payment for IRS - Tax Court refuses to characterize loan as equity
Recently, in Deitch v. Commissioner, the US Tax Court rejected the Commissioner's argument to characterize a creditor's contingent right to appreciation interest as creating a joint venture between the creditor and its debtor. In doing so, the Tax Court analyzed the oft-cited 'Luna factors' to determine whether a partnership had been created, and held that the creditor's contingent right to appreciation interest derived from the proceeds of a commercial real estate sale did not transform the entire loan or any portion thereof into an equity investment in a deemed partnership.
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Land Titles Initiative consultations continue in Black communities across Nova Scotia
Community consultations between the provincial Land Titles Initiative (LTI) and Black Nova Scotians will continue in communities across the province this week. The consultations are seeking input from members of the communities on proposed changes to the Land Titles Clarification Act (LTCA) that would expand the current boundaries that cut through the outer edges of the various communities. That would make some Black residents eligible to seek services and fee waivers from LTI when seeking clear title and land ownership.
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Google prototypes, open sources an extra-long keyboard with one row of keys | |
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Google Japan has a history of joke keyboard concepts that challenge common notions of computing input. The latest concept, the Gboard Stick Version, places every key in the same row, so hunting and pecking can take a more linear approach.
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The Property Line: Investing in the Metaverse - Owning Property in the Digital World | |
What is the “metaverse”? It’s touted as a place online where in the future we’ll all be working and socializing, but why is it seen as an investment, or even a place to own and rent property? Paul Haswell joins host James O’Brien to provide an overview of the metaverse and the risks and opportunities presented by investing in digital property.
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‘Can You Send Two Guys With an Ax?’ A Pair of Real-Estate Pros Get Locked Inside Listings | |
It’s one thing getting trapped. It’s another to get trapped with your clients.
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What Will Happen to a Scofflaw, His Composting Toilet and Two Acres of Land? | |
David Lee Hoffman has been fighting a local government in California for decades to keep his eccentric home and way of living intact.
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Title Agents Take Business to the Next Level | |
We're here to make the process simple and profitable for agents interested in growing their business by expanding into multiple states. We offer you one point of contact to streamline your options and solutions.
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Weird Weather: The Mystery of the 'Oakville Blobs'
In August 1994, Oakville, Washington, police officer David Lacey was driving his cruiser on patrol when he noticed it had begun to rain. This wasn’t unusual in Oakville, where waterdrops could splatter against windshields 275 days out of the year. But something about this storm seemed different. When Lacey turned his wipers on, he noticed the rain wasn’t being swept aside. It seemed to smear, as though someone had taken petroleum jelly and smudged it across the car.
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The Village Without Sun Which Created Its Own
In 2006, the mayor of an Alpine village unveiled a mirror capable of reflecting the sunlight
Read more [Contributed by Bill Collins, Frontier Abstract]
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The Family That Sold Time
Mechanical clocks of the 19th century and earlier were not very accurate timekeepers and tended to drift over the course of a single day. After a few days, these clocks could no longer reliably tell time. Then, the clocks had to be calibrated, usually by clockmakers. One source of accurate time were observatories. An astronomer with a telescope could tell the precise time by looking at the sun and the stars in the sky. This time was then relayed to the public and to ships using audio-visual cues, such as firing a gun or raising a flag.
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Are you as good as Elaine Brogan at spotting counterfeit currency?
Can you spot the differences in the two $100 bills below? The bill on top is genuine, and the one on the bottom is fake. All of the mistakes are easily visible with the naked eye--no magnification or enlargement is necessary. Again, there are SEVEN mistakes in the fake. (The case where two symbols or graphics are swapped counts as one mistake)
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David Berglas: The Magician & Spy Who Helped US Intelligence Defeat the Nazis
British-German magician David Berglas wasn’t always making pianos disappear or dazzling audiences with the so-called ‘Berglas effect’, the Holy Grail of card magic tricks. For decades, David Berglas - known as the 'International Man of Mystery' - has consulted on blockbuster movies like Michael Keaton’s Batman (1989) and no less than five 007 movies including Octopussy (1983) with Roger Moore. He’s performed for the Royal Family, the Rolling Stones, and many other luminaries.
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