|
|  |
to listen to our Podcasts
| | |
|
The Property Line: The Need for Nimbleness in a Shifting Closing Landscape
Following two years of relatively stable and historically low-interest rates, the commercial real estate industry now finds itself in the throes of a challenging market for closing transactions. In this episode, hosts Jay Wardlaw and Dan Evans and guests Ron Gart and Tobi Pinsky take a look at the current environment through a finance lens, including:
Listen here
| |
|
Maryland Reminds Title Producers/Insurers About Prohibited Practices
The Maryland Insurance Administration issued Bulletin 22-12. The bulletin reminds title insurance producers of prohibited practices following changes to the Business Occupations and Professions Article of the Maryland Annotated Code.
Read more
| |
You’ll Be Seeing More of These: AIA Releases New Lien Release Forms
As many in the construction industry are aware, owners and lenders often require prime contractors, subcontractors, and suppliers to execute sworn statements and lien waiver and release forms as a prerequisite to payment. Many states, therefore, see it fit to regulate — in varying degrees — what those forms say and look like. Forms failing to meet a state’s specific requirements may be invalid.
Read more
| |
|
Real Property, Financial Services, & Title Insurance Update
Week Ending July 1, 2022
Read more
| |
|
The Texas Department of Insurance (TDI) issues mandatory data call details
The Texas Department of Insurance (TDI) issues this mandatory data call under Insurance Code Section 2703.153, which requires each title insurance company and title insurance agent engaged in the business of title insurance in Texas to annually submit business data to TDI. TDI uses this data to set title insurance premium rates.
Read more
| |
Why Does My Lender Want My Attorney to Send It an Opinion Letter? | |
|
Although they have been around for many years, it is becoming more common for a commercial loan lender to require that the borrower’s counsel provide it with an opinion letter. At first blush, this may seem like an oddity: why should the borrower’s lawyer be advising the lender? The simple answer is that the opinion letter gives the lender assurance that the loan documents will, in fact, be enforceable against the borrower.
Read More
| |
|
Sextons’ Suit Against Town Enters Final Phase [Massachusetts]
If Chellise and Kevin Sexton win their case against the Wellfleet Housing Authority, now in its final stage in Land Court, not only will 12 units of affordable housing be lost to the town, but the owners of five houses on Delphi Path will lose the right to access their properties.
Read more
| |
|
Is the buyer of a property subject to an encroachment able to remove the encroachment? [California]
A buyer purchases a property. The buyer discovers the wall between their property and their neighbor’s property and a portion of their neighbor’s driveway is located on the buyer’s side of the property line. The buyer seeks to have their neighbor remove the encroachments and restore their use to the property line. The neighbor refuses.
Read more
| |
|
You Can Run, but You Can’t Hide From the NY Convention
On June 24, 2022, the Fourth Circuit Court of Appeals issued a ruling in Reddy v. Buttar concerning the enforcement of a Singapore arbitration award under the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “Convention”), against a citizen and resident of North Carolina.
Read more
| |
|
This Place in History: Lease Land [Vermont]
“Glebe land is a small subset of a larger term that we have come to call lease lands,” Perkins said. “We’re going to oversimplify this today so it fits into a TV show — but Benning Wentworth, (colonial) governor of New Hampshire — he started granting lands.
Read more
| |
|
Legalizing a Document for a Foreign Filing
Some foreign countries require documents to be “legalized” before you can use those documents in court or administrative proceedings. What exactly does that mean?
Read more
| |
|
No safe bet: CRA tax liens and the challenge for lenders [Canada]
Is a loan secured by a mortgage a safe investment? If the debtor has tax arrears, it may not be. Super priority liens give the Canada Revenue Agency (CRA) extraordinary power to recover what is owed to them, even if someone else now holds those assets.
Read More
| |
|
Proptech startup Landeed helps users check property records within seconds [India]
About 67% of all court cases in India deal with land-related disputes. One of the main reasons for these fights is that land ownership here has largely been based on the occupancy of the property—presumptive ownership—rather than the legal right to the title.
Read More
| |
Real Estate Phish Swallows 1,000s of Microsoft 365 Credentials | |
Thousands of Microsoft 365 credentials have been discovered stored in plaintext on phishing servers, as part of an unusual, targeted credential-harvesting campaign against real estate professionals. The attacks showcase the growing, evolving risk that traditional username-password combinations present, researchers say, especially as phishing continues to grow in sophistication, evading basic email security.
Read More
| |
TruDoss Protecting homes from title theft: new blockchain solution available to towns and homeowners | |
Town clerks and leaders across the country are working hard to ensure their citizens and homeowners are protected against a wave of homeowner title theft. "It is easy to get a copy of any homeowner deed. It took less than 5 minutes to get my deed, and I was never even asked for ID," said Michael Danforth, a homeowner in Norwalk, CT.
Read More
| |
Fraud fighters zero in on document manipulation | |
Among the richest signals lenders can use to assess the authenticity of loan applications are artifacts in submitted documents — changes to fonts, say, or digital white-out used to cover and replace a balance figure — that are often invisible to the naked eye.
Read More
| |
California couple held off foreclosure for 13 years in mortgage servicer nightmare | |
A California couple that hasn't made a mortgage payment since 2009 will finally be forced out of their $1.7 million home after a state court ruled last month that they had exhausted repeated appeals, paving the way for their servicer CitiMortgage to foreclose on the property.
Read More
| |
Jury returns guilty verdict in local deed fraud scheme | |
A federal jury sitting in Houston has convicted a 61-year-old Dallas man for money laundering, conspiracy to commit and committing wire fraud, announced U.S. Attorney Jennifer B. Lowery. The jury deliberated for half a day before convicting Clarence Roland III on all charges following an eight-day trial.
Read More
| |
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.
Read More
| |
|
These adventure cats hike, camp and explore Oregon’s outdoors
Cats Lewis and Clark ride in a canoe in Central Oregon’s Crescent Lake. A feline name Frank hikes trails in Sunriver while sister Betty, who is a touch skittish, stays behind in the backyard screened play area. And Olivia camps in a MeerKat Trailer on the Oregon coast with her two-legged companions.
Read more
| |
|
How a 100-year-old miscalculation drained the Colorado River
By now, you may have heard that the Colorado River is drying up.
The river’s flow is down by about 20 percent, compared to the 1900s, and the two largest reservoirs it feeds are less than a third full. The water in Lake Mead, the nation’s biggest reservoir, has dropped more than 150 feet in the last two decades, leaving little water for the more than 40 million people who depend on the river.
Read more
| |
|
Marker in Tiny Missouri Hamlet Denotes US Population Center
It’s not every day that a small hamlet in the Missouri Ozarks is in the middle of everything, but that was the case for tiny Wright County on Wednesday as officials from the nation’s capital unveiled a marker designating a spot there as the center of population in the United States.
Read more
| |
|
The 1904 Olympic Marathon Was The Worst Race Ever
On a hot August afternoon in 1904, with temperatures hovering above the nineties (32 degree centigrade), thirty-two men dressed largely in white t-shirts and shorts gathered at the newly constructed Francis Olympic Field in St. Louis, Missouri. They were about to take part in an event that would go down in history as the worst marathon ever ran.
Read more
| |
|
France reveals hidden swimming pools with AI, taxes them
Using an artificial intelligence computer vision system developed by French IT firm Capgemini, the French tax office (often called "DGFiP" for short) has identified 20,356 residential swimming pools that had previously gone undeclared. According to The Guardian, this has opened up 10 million euros in additional tax revenue, leading the way to the government taxing other undeclared architectural features such as annexes or verandas.
Read more [Contributed by Bill Collins, Frontier Abstract]
| |
Received this issue from a friend and want your own subscription?
|
STAY CONNECTED
Get the news first
| | | | | |
