Title Insurance Industry & Technology News 06/27/18
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Compliments of Marianne Mathieu
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Look for
NEW events posted since the last issue!
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Education & Networking Events by Region:
- Northeast: CT, MA, ME, NH, NY, RI, VT
- Mid-Atlantic: D.C., DE, MD, NJ, PA, VA, WV
- Midwest: IA, IL, IN, KS, MI, MN, MO, NE, ND, OH, WI, SD
- Southeast: AL, AR, FL, GA, KY, LA, MI, NC, SC, TN
- Southwest: AZ, NM, OK, TX
- West: AK, CA, CO, HI, ID, MT, NV, OR, UT, WA, WY
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NYS legislative session ends without title insurance regulation reform
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Inman - Bill that rolled back title insurance industry regulations passed Senate, but failed to make it through assembly
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CFPB drops case against Zillow
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Housing Wire - In its latest Securities and Exchange Commission filing, the real estate giant disclosed that the CFPB will not pursue its case against the company for possible violations of the Real Estate Settlement Procedures Act.
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A New York town just banned real estate agents from soliciting
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Inman - The cease and desist zone in Chestnut Ridge, which will stay in effect until 2023, comes less than a year after similar no-go zones were created in Queens and the Bronx
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Dead Golf Courses Are the New NIMBY Battlefield
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CityLab - As the sport’s popularity wanes, vast amounts of underutilized land will open up. Can it be developed?
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Why the Pennsylvania Anti-Blight Bills Make Good Sense
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DS News - Two key bills, HB 653 and 667, amending Title 68 (Real and Personal Property) of the Pennsylvania Consolidated Statutes were signed by Governor Tom Wolf on Tuesday. The bills are aimed at combating urban blight and expediting foreclosure processes for vacant and abandoned properties.
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New York man admits to rigging local elections in effort to develop real estate
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Housing Wire - In a federal court in New York this week, a New York man became the third member of a criminal conspiracy to admit to working to rig local elections as part of an effort to develop real estate in the area.
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Notice and opportunities to comment
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CFPB (Consumer Financial Protection Bureau) - Check here for notices and opportunities to comment posted by the Bureau of Consumer Financial Protection (BCFP). These requests can include: proposed rules, requests for information, and Paperwork Reduction Act notices that give the public an opportunity to comment on certain planned or existing reporting, record keeping, and disclosure requirements.
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Accessing Your Neighbor’s Property: Is Your Dream Project Becoming a Nightmare?
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New York Law Journal - What happens when you need access to a neighbor's property for a construction project but the neighbor refuses or an agreement cannot be reached? The answer lies in an infrequently used statute that allows a project owner to petition a court for a license to enter upon a neighbor’s property.
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Tax Certification When Transferring Real Estate
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JD Supra - Considering transferring real estate by quit claim deed when your client is transferring his or her home to his or her Trust? Instead, consider transferring by warranty deed, in most instances, as a best practice.
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Major Changes to Iowa's Mechanics' Lien Law: Five Years Later
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JD Supra - After five years, it’s a good time to look back at the impact of the substantial changes on contractors and property owners.
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Adverse Possession Period Changed for Certain Residential Properties
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JD Supra - Repeal of Sunset of Twenty Year Statute of Limitations for Instruments under Seal. Currently instruments “under seal” enjoy a 20 year statute of limitation for enforcement versus the existing 4 year statute of limitation for enforcement of notes or contracts.
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Will the Power of Blockchain Mean the End of Title Insurance Companies in 20 Years?
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Forbes - Title companies are in the business of ensuring that property transfers and mortgages are processed correctly. A key component of this process involves providing insurance to guarantee rights.
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PR: Propy to Hold Historical Real Estate Auction on Blockchain
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Bitcoin.com - Global property store with a decentralized registry Propy in collaboration with Hilton & Hyland Real Estate, a leading luxury brokerage are selling ownership for Rome’s architectural Masterpiece el Palazzetto Mansion in a historical blockchain auction. Set to begin on June 28th, 2018 at noon PST, the event will accept offers both in USD and in cryptocurrency.
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Real Property on the Blockchain: Transfers of Twig and Turf
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Lexology - Who doesn't love the archaic feudal language around real property conveyancing, where verbs are in triplicate, and the critical moment is delivery of a document to evidence the "deed" of handing over a bit of twig and turf?
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Don't expect real estate agents to disappear any time soon
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Financial Post - Some predict a demise of the traditional brick-and-mortar brokerage model as technology evolves, but realtors still provide value
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Title Agency & People in the News
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NELTA president: It has been an unforgettable and enjoyable year, deserving of a look back - by James Bodurtha
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NEREJ (New England Real Estate Journal) - It is difficult to believe that almost a year has passed since I was sworn in as president of the New England Land Title Association (NELTA) during the 2017 Annual Convention at the Omni Mt. Washington Resort in New Hampshire.
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Former title company executive gets prison for Kobra Properties fraud
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Sacramento Business Journal - Mary Sue Weaver was sentenced to four years and two months in prison and ordered to pay nearly $15.4 million in restitution for her part in a $22 million fraud scheme, according to a news release from the U.S. Attorney’s office.
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Title Agents Go Nationwide
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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.
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Mission Popsicle: Telling You It’s a Brand?
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JD Supra - Welcome to another edition of Genericide Watch, where we consider brands on the edge, working hard to maintain brand status and exclusive rights, while trying to avoid trademark genericide.
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Ruth Bader
Ginsbird? Osprey Chicks at Oregon Law Get SCOTUS-Inspired Names
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The National Law Journal - The school let the public choose the names of two osprey chicks hatched on campus, and voters kept with a legal theme.
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Remembering When Runners Drank Champagne as an Energy Drink
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Atlas Obscura - On July 24, 1908, The London Olympic Marathon went down in history as one hell of a race. Summer heat had plagued the city, and a newly resurfaced track stretched hard as rock under the runners’ feet. At the last minute, the course was extended nearly two miles, forever setting the official marathon length to an arbitrary 26 miles and 385 yards.
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Terrible Real Estate Agent Photographs - “Think we could ask them to rearrange us so I’m nearer the window?”
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Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group
347-987-0677
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