by Jeanne | Jan 23, 2015 | Abstracting/Searching, Closing, Education, Industry News, Land Title Technical Stuff, Public Records, Quality, Real Estate Law, Recording of Legal Documents, Teaching Tools for Education, Title Insurance, Title Insurance Lawsuits
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...
by Jeanne | Jan 23, 2015 | CFPB, Closing, Education, Fraud, Government Oversite, Industry News, Quality, RESPA, Teaching Tools for Education, Title Insurance, Title Insurance Lawsuits
The internet is buzzing with the latest CFPB settlement. Reuters, Pioneer Press, ABC News, CBS and many others. Here is a link to the St Paul Pioneer Press article. The CFPB and Maryland Attorney General have settled cases against Wells Fargo and Chase for...
by | Dec 4, 2013 | Abstracting/Searching, Closing, Common Interest Communities, Education, Quality, Teaching Tools for Education, Title Insurance
We all know the real estate business is cyclical. We need to hire one day, and then face the possibility of having to lay off. So why not make the most of your staff. Grow them to meet your needs. Grow them to feel invested in the company. An investment in your...
by | Jul 20, 2011 | Abstracting/Searching, Chicago Title, Education, Industry News, Land Title Technical Stuff, Quality
In preparing a zoning report for a proposed ethanol plant, Chicago Title apparently missed the names of several nearby homeowners, who were therefore not served with legal notice of the planned construction. As the construction became more imminent, neighbors found...
by | Jul 19, 2011 | Abstracting/Searching, Quality
Is it just me, or does this seem ridiculous. Lender accidently files hundreds of satisfactions of mortgages and is allowed by the Court to file one large Public Notice in the Legal Leger to undo the hundreds of errors and reinstate the mortgages??!!. What has...
by | May 5, 2011 | Abstracting/Searching, Common Interest Communities, Land Title Technical Stuff, Quality, Title Insurance
For those who took the abstracting class May 2-3, here is a classic example that hit my email inbox today. It shows what can happen when legal descriptions intended for sale in a condominium are not carefully described. At the abstractor class we talked about garage...