by Jeanne | Jun 23, 2015 | CFPB, Closing, Education, Fraud, Government Oversite, Identity Theft, Industry News, Insurance, Licensing, mortgage, Notaries, Quality, Title Insurance, Title Insurance Lawsuits
We all use auxiliary help when times are busy. Signing agents and temporary help. But beware; are you giving “non-employees” dangerous access to personal information that you are responsible for? The DOJ has issued a press release regarding a temporary...
by Jeanne | Jun 11, 2015 | Education, Land Title Technical Stuff, Real Estate Law, Real Estate Market, Title Insurance, Title Insurance Lawsuits
This article reminds us that “Actual Knowledge of a Problem requires the buyer to take care of the problem!” It also let’s a title company off the hook for claims. From Minnesota Public Radio Blog. A judge in Grand Rapids, Minn., has ruled that if...
by Jeanne | Jun 11, 2015 | Industry News, Insurance, Land Title Technical Stuff, Title Insurance, Title Insurance Lawsuits
Good case on the statute of limitations for Title Policies. The case shows that the owner’s claim for breach of their title insurance policy doesn’t start until the title insurer refuses to adequately compensate the owner for a covered loss – Spalding v....
by Jeanne | Mar 31, 2015 | Abstracting/Searching, Closing, Education, Fidelity National Title, Industry News, Insurance, Must Read and See, Quality, Title Insurance, Title Insurance Lawsuits
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...
by Jeanne | Mar 30, 2015 | CFPB, Closing, Education, Fraud, Government Oversite, Industry News, Insurance, mortgage, Public Records, Quality, Real Estate Law, Real Estate Market, Title Insurance, Title Insurance Lawsuits
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...
by Jeanne | Mar 14, 2015 | Closing, Fraud, Government Oversite, Industry News, Licensing, Stewart title, Title Insurance, Title Insurance Lawsuits
I understand why Minnesota licenses its closers. It is a big responsibility to handle the hundreds of thousands of dollars each month that go a closer’s hands. It seems prudent to run those background checks, identify those trust accounts, etc. to secure the...