Issue No. 170 | May 6, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Online shopping experiences helmed by eCommerce giants like Amazon have changed the way we think about every purchasing experience in our lives. This leaves many to wonder: If we can buy a car with a click of a button, why not a house? For those working in real estate, it’s easy to scoff at the idea because you know how much work goes on in the background.

In this coronavirus crisis, we desperately need to give financial relief to as many people as possible as quickly as possible. Many people are losing their jobs, and many more are at risk of reduced earnings.

Foreclosure / Redemption / Intervention: Claim for right of redemption procedurally barred once certificate of title issued; party failed to appeal earlier order denying right to intervene in foreclosure action and an order denying intervention is a final, appealable order, meaning party failing to appeal denial of its motion to intervene cannot properly raise the claimed intervention rights on appeal from a subsequent merits judgment in the cause - Pensacola Beach, LLC v. Am. Fidelity Life Ins. Co., Nos. 1D17-2741, 1D17-2914, 1D17-4751, 1D17-4132, 1D18-0907 (Fla. 1st DCA Apr. 15, 2020) (affirming dismissal of declaratory judgment claim)

On Monday, April 27, the U.S. government resumed paying out billions of dollars in low-interest lending for businesses with a maximum of 500 employees. This is the second stimulus bill that has begun to provide relief for businesses under the Payment Protection Program (PPP).

The Alabama Department of Insurance today issued Bulletin No. 2020-10. This bulletin updates compliance information and deadlines for insurance licensing in the state.

Requirements for performing a remote online notarization (RON) in the states that have enacted permanent laws, or a remote ink signed notarization allowed temporarily during the COVID-19 state of emergency can vary between states.

Because of the federal regulations regarding reverse mortgage closings, this important component of the transaction is one that requires in-person meetings and verifications that may be made more difficult by the active social distancing and virus mitigation guidelines in effect due to the COVID-19 coronavirus pandemic.

LEGAL NEWS
The global COVID-19 outbreak has encouraged widespread orders to protect renters and owners of commercial and residential real property. In this 50 state-by-state survey we offer a summary of cities and states that have enacted policies or implemented moratoriums for evictions or foreclosures due to COVID-19.

In Forbes v. Platinum Mortgage, Inc., No. 1180985, 2020 WL 746533 (Ala. Feb. 14, 2020), the Alabama Supreme Court upheld the validity of a home mortgage. There, the husband borrowed $175,000, securing the loan with a mortgage on the couple’s home. 

Effective Dec. 23, 2019, a new statute—RPAPL §1302-a—eliminates waiver of the standing defense in a home loan foreclosure action even though not raised in an answer or pre-answer motion.

WORLD NEWS
A criminal nexus of landholders laying claim to protected forests they intend to turn into cattle pasture competes over the former São Domingos rubber plantation, where reporters found settlers had left en masse following a spate of killings last year.

TECHNOLOGY & SOCIAL MEDIA NEWS
WAULT announces latest version of its patented technology - the better alternative to KBA in remote notary closings
The COVID-19 Pandemic has changed the way we live and work, requiring us to learn many different technology tools, until now...

On March 21, 2020, the last of the features of the NY Stop Hacks and Improve Electronic Data Security Act (“SHIELD Act”) became effective: its data security requirements. The SHIELD Act is a sweeping statute governing individual rights relating to data breaches. 

TITLE AGENCY & PEOPLE IN THE NEWS
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
Cushman & Wakefield leads the development of best practices, products and partnerships to prepare clients for post-COVID-19 recovery and the eventual return to the workplace.

Upland.me, a decentralized gaming platform built on the EOS blockchain, allows players to collect unique pieces of land and property instead of streets in Monopoly and the famed Pokémon creatures.

When [Dan] Kolbert was renovating his late-1800s home in Portland, he was midway through the project when he tore open a bedroom wall only to find a small shoe entombed inside. 

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