AGENCY BLOG
Issue No.269, March 9, 2022


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NEWS ARTICLES
INDUSTRY
Commercial Crime Policy Covers Loss Involving Fraudulent Email Directing Employee to Make Payments
The United States Court of Appeals for the Ninth Circuit, applying California law, has held that a loss resulting from an employee’s payments made to a third party after receiving fraudulent emails directing her to wire funds to an outside organization was covered under Computer Fraud and Funds Transfer Fraud coverages under a commercial crime policy.

A guide to remote notarization providers for Notaries
For many Notaries, the first question is “How do I get started?” To perform remote notarizations, many states require you to choose an approved platform provider that will give you the tools you will need. If you’re new to RON, you’re probably wondering how to find the RON platform that best suits your needs.

The Topic No One Will Touch with a Ten Foot Pole
For our 200th Transmission (wow…that’s a lot), I thought I’d reach for a blast from the past and modernize the most read article ever on Geek Estate Blog, written all the way back in 2014. It started with a simple, non-debated (yes, that’s sarcasm) sentiment: Real estate agents are overpaid.

CONTROVERSIAL TAX LIEN SALE COMES TO A BITTER END, FOR NOW
The city’s highly controversial “tax lien sale” expired on Monday, but the future is uncertain for a program long derided as predatory towards communities of color, particularly those who have built wealth through homeownership.

Mortgage Concepts: Common mortgage fraud schemes, Part 2
Short sale fraud occurs when the owner conceals transactions or makes misrepresentations to lower the value of the property for the short sale approval. They then arrange the transaction so they can keep the property at the adjusted value. In other cases, a flip is involved wherein a related person purchases the property at the fraudulently low short sale price, and then immediately resells it for a profit, which is shared with the original owner.

LEGAL
'Squatters' rights' fall under 'adverse possession' statute in Georgia law
A FOX 5 Atlanta story about a Decatur man, who said he returned from a year-long military deployment to find his home trashed by squatters, has some wondering about squatter's rights in Georgia. Property disputes can lead to legal battles over rights to the property's title if that property is unoccupied for a period of time.


Sawtooth landowner sued to stop a trail built on his property. Here’s what a judge ruled
Nearly three years after a Sawtooths landowner sued to stop construction of a U.S. Forest Service trail across an easement on his property, a judge has ruled that the trail can move forward.

Read More Contributed by Bill Collins, Frontier Abstract
NJ Enacts Law Governing Foreclosed Vacant and Abandoned Properties
New Jersey recently enacted Assembly Bill No. 2877 (the Act), which improves the guidance provided to local governments concerning the establishment of registration policies to address the risk of blight of commercial and residential properties.

Nevada Supreme Court Holds Four-Year Limitations Period Applies to Prior Lender Challenging HOA Sale
In a question certified by the Ninth Circuit Court of Appeals, the Nevada Supreme Court recently held via a split decision that a prior lender’s action attacking an HOA sale is subject to a four-year limitations period, and that the period does not begin to run as of the date of sale, but instead when “the lienholder receives notice of some affirmative action by the titleholder to repudiate the lien or that is otherwise inconsistent with the lien’s continued existence.”

TECHNOLOGY
Real Estate Law May Soon Play A Role In The Metaverse
Think of the metaverse as a universe with several platforms making up the actual virtual planets. These platforms include Decentraland, Sandbox and Mirandus, among others. Current technology aims to develop these digital spaces into reflections of the real world, blurring the lines between physical and virtual reality.

WORLD
Claiming Adverse Possession After Encroachment Into Public Road Not Admissible: Kerala High Court
The Kerala (India) High Court has ruled that a petitioner claiming the right of adverse possession after encroaching into a public road cannot be treated as a usual plea of adverse possession.

PEOPLE IN THE NEWS
California man touts business empire built of Philly rowhouses bought at sheriff's sales. Some are skeptical.
When Tylisha Slaughter learned that the West Philadelphia rowhouse she rented was going to be auctioned off in a sheriff’s sale, she sensed opportunity.

David Bravo, Jr. the Youngest Latino CEO in the Title Insurance Industry is Named Emerging Latino Entrepreneur
David Bravo, Jr. is a title insurance phenomenon. He rose up the ranks and emerged as the youngest Latino CEO in the title insurance industry making his mark in the 40-year history of Monarch Title Company.

Title Agents Take Business to the Next Level
For agents interested in growing their business by expanding into multiple states, we’re here to make the process simple and profitable. We offer you one point of contact to streamline your options and solutions.

OTHER TRENDING NEWS
1918: The Children Who Were Evacuated Around the World
In the spring of 1918, families in Petrograd (now St. Petersburg, Russia) were suffering from a lack of food due to transportation challenges in the wake of World War I and the October Revolution. So they sent 782 of the city's children to the Ural Mountains in the south, to a summer camp run by a charity called the Union of Cities. There they were caught between Russian and Czech fighters and could not leave- they spent the winter at camp.

'The Limping Lady': Virginia Hall, the One-Legged World War II Superspy
Virginia Hall had a difficult choice to make. Ahead of her was a snow-covered passage through the Pyrenees, the mountainous terrain separating France and Spain. Behind her was Nazi-occupied France, another bad turn in the unpredictable landscape of World War II.

Sub-Sub-Sub Island on Victoria Island
Nunavut and the Northwest Territories of Canada, holds a few records under its name. It’s the eighth largest island in the world (larger than Great Britain) and the second largest island in Canada. But its size isn’t what makes this place so special.

Discovered 1930s letters to St. Paul Montgomery Ward complaint department good for laughs & tears
“She grew up in St. Paul, went to Johnson High School, graduated 1932,” Verna’s grandson Evan Gregg explains. With her schooling complete, Verna hopped off a University Avenue streetcar and started work at Montgomery Ward.