Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 6/14/17
Compliments of Marianne Mathieu
Industry News
Disappearing bankruptcies could start new wave of homebuying
HousingWire - This year marks the seventh year since the influx in bankruptcy declarations in 2010, therefore millions of Americans will see bankruptcies begin to fall off their credit report. Over the next five years, about 6 million Americans will have their bankruptcies disappear, possibly sending a flood of more homebuyers into the housing market, according to an  article by AnnaMaria Andriotis for  The Wall Street Journal.
Real Property & Title Insurance Update: Week Ending June 2, 2017
JD Supra -

Real Property Updates:

  • Lease
  • Ad Valorem Taxes
  • Foreclosure

Title Insurance Updates:

  • Attorney’s Fees/American Rule
  • Compensatory Damages
  • Compensatory Damages/American Rule
  • Embezzlement/Evidence of Wrongdoin

Read More ...

Lenders must stand by payoff figures - Question: I am a real-estate closing attorney. Last week we closed a sale, and paid off the seller's mortgage lender exactly as stated in the payoff statement. a week later the seller's lender called, threatening to send back all payoff funds, because they discovered approximately $2,000 of additional fees. Can the lender do that?
Ninety Days and Counting: NY Cyber Regulation’s First Deadline
JD Supra - Faced with an approaching August 28th deadline, the more than 3,000 financial institutions that do business in New York should be knee-deep in implementing the first wave of requirements under the State’s sweeping and unprecedented cybersecurity regulation.
Lawsuit faults title insurance oversight in New Mexico
Santa Fe New Mexican - An Albuquerque attorney has filed a class-action lawsuit against the state Office of the Superintendent of Insurance, saying that under the agency’s oversight of the title insurance industry, New Mexicans are being forced to pay for the service but are getting little in return from an industry that pays out only pennies on the dollar in claims.
Real Property & Title Insurance Update: Week Ending May 19 & 26, 2017
JD Supra -
Real Property Update
  • Foreclosure/Standing/Lost Note
  • Foreclosure/Standing/Assignment
  • Foreclosure/Standing
  • Condition Precedent/Foreclosure
  • Due Process
  • Claim to Deposit
Technology News
Best Principles and Practices for Using Blockchain for Real Estate Title - Real estate is mired in fragmented technology and data, and burdened with third parties. There is no industry whose transactional architecture maps to blockchain’s architecture more than real estate. Blockchain, and Bitcoin specifically, facilitates the payment, transfer, management, and recording of assets on a trust–minimized, peer to peer, secure, open source network.
Blockchain Cook County - In September of 2016, CCRD announced that it would participate in a Pilot Program to study how blockchain technology could be implemented into current law and practice in Illinois land records, as well as how the state could benefit from this technology.
The Security Of Blockchain Will Revolutionize The Title Industry
Bisnow - Blockchain, the software on which bitcoin is based, is being billed as the biggest technology disruptor to hit commercial real estate in years, despite its expensiveness and high barrier to entry.
Clients Balking at Attorney Fees? K&L Gates Has an Algorithm for It
Daily Business Review - The law firm created a formula to respond to cost-conscious clients' requests for fee controls.
4 ways Artificial Intelligence is impacting the real estate industry
Realty Biz - The end goal of real estate agents never changes – they want to buy and sell homes for their clients, in the fastest time possible, for the best possible price. But one thing that does change is the tools of their trade, and one that has massive potential is Artificial Intelligence.
And did you know?
Protecting Small Businesses
Federal Trade Commission- As a small business owner, you have a lot on your mind. You can’t afford to lose time or money to scammers or a compromised network. We can help you avoid scams, protect your computers and networks, keep your customers’ data safe – and protect your bottom line. You also can find out what the  FTC is doing to protect small businesses. Thinking about starting a new business? See our advice about buying a  franchise or business opportunity.
How to Test a Suspicious Link Without Clicking it
Lifewire - Do you have click anxiety? It's that feeling you get right before you click a link that looks a little fishy. You think to yourself, am I going to get a virus by clicking this? Sometimes you click it, sometimes you don't.
The Delightful English Tradition of Beating Parish Boundaries With Sticks
Atlas Obscura - At the bank of  the women’s shoe section of the Marks and Spencer department store in Oxford, England, behind a rack of summer sandals, next to the elevator, you’ll find an odd thing. It’s out of place, doesn’t belong among this season’s pumps and slingbacks. Shoppers pass by oblivious, not noticing there’s a relic of ancient Oxford right under their noses.
Marilyn Monroe – 10 Things You Probably Didn’t Know About Her 
Opp Trends - Marilyn Monroe was the American actress, singer, model and entertainer and she became the iconic figure of the USA. Everyone was enchanted with her beauty (and still are) and over the years, we found out that she’d had done a chin implant and a nose job. The medical notes and X-rays from those procedures were later sold at auction for $25,600. What are the other interesting things about Marilyn Monroe you probably didn’t know?
One of them involves title insurance!
Monroe apparently was an awesome cook as her personal recipe for stuffing was found scribbled on a piece of stationery from the City Title Insurance Company. The New York Times recreated the recipe and gave it high marks.
Orient Your Life Around Results Not Hours - I have been brainwashed!! And it’s probably cost me the better part of a decade of my life. Seriously. It’s entirely possible you’ve been brainwashed, too. Usually, my tips are things I’ve tried and can vouch for. Today, you’ll get to hear a tip that’s still untried. It’s an attempt to unbrainwash myself and not make the same tragic, horrid mistake again.
Title Agents Go Nationwide
For agents interested in growing their businesses by expanding into multiple states, we’re here to make the process simple and profitable.  We offer you one point of contact to streamline your options and solutions.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group