by | Oct 3, 2017 | CFPB, Closing, Education, Fraud, Government Oversite, Industry News, RESPA, Title Insurance
The CFPB takes RESPA matters seriously. While many states, like Minnesota, require a disclosure form describing the relationship between lenders, real estate agents, title companies, appraisers, etc., those who do not disclose those relationships are up for serious...
by | Aug 29, 2017 | Closing, Education, FinCEN, Fraud, Government Oversite, Identity Theft, Industry News, Insurance, Technology, Title Insurance
See Advisory HERE
by | Jun 13, 2017 | Abstracting/Searching, Closing, Education, Government Oversite, Licensing, Public Records, Title Insurance
Real estate agents, abstracters, closing agents and brokers are reminded that they must renew their licenses on or before June 30th. So please check your license for renewals. Information from the Commerce Department on MN state licensing can be found here....
by | Jun 13, 2017 | Closing, Government Oversite, Identity Theft, Industry News, Land Title Technical Stuff, mortgage, Title Insurance, Title Technology
On June 7th, the OCC added bulletin 29 to third-party relationships to clarify the way lenders should interact with third party vendors, to us, that means how lenders deal title and closing providers. Get the entire OCC bulletin here . As a part of the lengthy...
by | 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 | 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...