Handle Title Claims Timely or Pay the Penalty

I have commented in the past on how not handling title claims in a timely manner can cause damages, and I use real examples to stress the point. Well, comes another heavy duty example.  The Superior Court of Pennsylvania has upheld $1,572,909.24 in punitive damages in...

Unverified complaints to the CFPB: by all means, let’s publish them!

Reasonable comments made in Lexology about the CFPB publishing consumer complaints for the whole world to see. I mean really – is that fair? After all, who wants their name besmirched by a cranky customer. This makes the lender, title company, real estate...

Independent Abstractors: Dying Breed or Valued Specialists?

 A post from Thomas Pryde’s Blog, re-printed with his permission. The prevailing view among some industry leaders seems to be that the independent abstractor is a dying breed, the last vestige of an ancient way of doing business. This is attributed to the...

Testimonial for “Principles of Abstracting”Online Course

HI Jeanne, I  have to pass on this news to you, as you are a HUGE part of my success. I found out last week that I passed my exam and am Licensed in SD now!!! I raved of your courses to the Board of Abstracters.  I know I wouldn’t have been successful in this quest so...

Legal Issues Affecting Real Estate and Mortgage Title Closings

Excellent article by  Alston and Bird (AlstonFinance.com) Non-Agency Residential Mortgage Loans in 2014:   A Survey of Legal Issues Affecting the Market. (Read entire article) It covers in a solid overview of : Qualified Mortgages QRM and Risk Retention Due Diligence...

UCC Search Releases $1.5 B Loan in Error

A, perhaps overly conscientious, paralegal pulled three UCC searches when asked to locate a Financing Statement that General Motors had given to secure money from J P Morgan.  There were apparently two UCC’s with a balance of $300 million to be paid off, but the...