Issue No. 160 | February 26, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Real Property, Financial Services, & Title Insurance Update: Week Ending January 31, 2020
Trial court erred by entering a post-judgment enforcement order requiring the association to assign its riparian rights to plaintiff pursuant to an enforceable settlement agreement, as the order constituted a material change to the essential terms of the settlement agreement

Effective March 5, 2020, New York Assembly Bill 5626 (“AB 5626”) regulates the origination and servicing of the federal U.S. Department of Housing and Urban Development (“HUD”) home equity conversion mortgages (“HECMs”).

Surjit Singh and Rashjeawar Singh, a father and son from Dublin, Calif., recruited straw buyers to purchase properties in and around Dublin, Calif. The Singhs purchased at least 14 properties and were able to collect origination fees and commissions on approximately $9.3 million worth of real estate. 

A Santa Clarita title insurance agent has been accused of offering “kickbacks” in return for business by the California Department of Insurance (CDI), officials said.

Jones has hired Louisiana-based Assessure Systems to comb through the tax rolls in Escambia County, using high-tech tools to track down invalid exemptions and collect what is rightfully due…plus penalties and interest.

The United States District Court for the Southern District of New York recently granted a title agent’s motion for summary judgment regarding a professional liability insurer’s duty to defend the agent, despite the fact that the agent was served with a subpoena before the liability insurer issued the policy.

LEGAL NEWS
A landowner challenged local zoning that banned holding a three-day music festival, arguing that the law was an unconstitutional violation of free speech and void for vagueness.

Under the "single-satisfaction rule," although a bankruptcy trustee or a chapter 11 debtor-in-possession ("DIP") may seek to avoid and recover avoidable transfers of a debtor's property from more than one transferee, the aggregate recovery is limited to the value of the property transferred.

The Alabama Supreme Court Interprets Alabama's Uniform Power of Attorney Act
Financial institutions should understand that relying on a power of attorney may subject them to potential liability as the use of powers of attorney becomes more commonplace.

WORLD NEWS
You have some overgrown grass or shrub highway land next to your property. The council never maintains it. Maybe even you maintain it. The public never use it and there is no obvious current or future public need for this highway land. Is it possible to acquire private control and ownership of this highway land? Maybe even fence it into your property? The short answer is yes.

Real estate is among the priciest investments around. More so for the common man who has to live with the burden of monthly EMIs. Yet, it is an art to discover the real owner of any property.

Justin Trudeau’s statement to the House of Commons on the rail blockade choking the country was condemned as “the weakest response to a national crisis in Canadian history” by Opposition leader Andrew Scheer.

TITLE AGENCY & PEOPLE IN THE NEWS
Placer Title Co., voted Best Title Company by Daily Republic readers, sees that as one of its missions.

LIVINGSTON, NJ — It wasn't until she was 50 years old that Linda Percoco launched her own business. Now in its 16th year, that business—Max Title Agency in Livingston—is thriving with Percoco more dedicated than ever to serving homeowners and home buyers.

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...

OTHER TRENDING NEWS
Eleanore Sutherland, a laboratory science student, used to have to stop her car in the middle of the street to clear the geese out of the way.

“If you get this question right,” the cameraman, a store clerk, can be heard telling a customer, “you have five seconds to pick up whatever you want.”

Everything is available at the click of a mouse in 2020, but a century ago, the Sears, Roebuck & Co. catalog was the way to order anything, even homes.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Financial
(347) 987-0677