by Jeanine | Jun 11, 2017 | Abstracting/Searching, Chicago Title, Closing, Industry News, Quality, Real Estate Law, Title Insurance, Title Insurance Lawsuits
A Connecticut title agent was held liable for $77,500 that was paid by a Title Underwriter to clear title to property it insured, as well as more than $20,000 in compensatory damages for fees and expenses incurred in negotiating the settlement. The case showcased...
by Jeanne | May 1, 2017 | Abstracting/Searching, Closing, Education, Government Oversite, Industry News, Licensing, Public Records
The Minnesota Department of Commerce has a new e-license Website regarding Closing Agent Licenses, look here for info: https://mn.gov/elicense/a-z/?id=1083231369#/list/appId//filterType//filterValue//page/1/sort//order/ For the Abstracter Licensing the new...
by Jeanne | Jan 21, 2017 | Abstracting/Searching, Closing, Education, Government Oversite, Industry News, Land Title Technical Stuff, Taxes, Teaching Tools for Education, Title Insurance
Author Comment: In spite of Green Acre taxes, Minnesota Farmers face heavy real estate taxes on farmland, causing them to vote against independent school district referendums. So look for a new tax search to follow along with deferred Green Acre and Open Space...
by Jeanne | Nov 21, 2016 | Abstracting/Searching, FinCEN, Fraud, Government Oversite, Identity Theft, Industry News
press release 11/20/2016 Daniel Deaibes was sentenced recently to 24 months for his role in a scheme to steal title to Southern California homes and then “sell” the properties to unsuspecting buyers – before the buyers realized who the true owners were. From...
by Jeanne | Nov 7, 2016 | Abstracting/Searching, CFPB, Closing, Education, Government Oversite, Industry News, Mobile Notaries, Privacy and Public Records, Real Estate Law, Title Insurance, Title Insurance Lawsuits, TRID Truth in Lending RESPA Integrated Disclosure
On October 31st, the CFPB issued updates to lenders on use of Service Providers. This appears to allow a bit more flexibility for the lender to handle day to day affairs with its Servie Providers and is good news for title companies, abstracting and closing...
by Jeanne | Aug 1, 2016 | Abstracting/Searching, ALTA, Closing, FinCEN, Industry News
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, released the following statement in response to the United States Department of Treasury Financial Crime Enforcement Network’s (FinCEN) new Geographic...
