Issue No. 184 | August 12, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Texas Representative Van Taylor, Florida Representative Al Lawson, and Kentucky Representative Andy Barr introduced legislation in the House of Representatives to provide economic support to the commercial real estate market, particularly for businesses with CMBS debt. 

What a difference a couple of months can make. Before COVID-19 knocked down the U.S. economy several pegs, less than half of all U.S. states had enacted laws allowing remote notarizations.

Owning property is significant part of the American dream. This helps explain why real estate has been the most popular investment in the United States since 2013, according to an April 1-14, 2020 Gallup poll.

In July, an affiliate of prominent New York-based real estate investment firm Benchmark Real Estate Group raised money through a vehicle known as a blank check company. The Benchmark entity, Property Solutions Acquisition, raised $200 million by selling shares of a shell corporation to private and public investors.

While you are performing a typical property survey or topographic survey, try to locate occupation lines. You might ask, “What is an occupation line?” Good question. If you do not understand what your boss has asked you to do, humbly ask what they is talking about.

Foreclosure / Standing: Servicer had standing to foreclose where asset management agreement authorized predecessor-in-interest to delegate service of loan and ability to bring foreclosure action and where duties were properly delegated under delegation agreement - Foley & Lardner, LLP v. Unknown Heirs, No. 2D18-2929 (Fla. 2d DCA July 10, 2020) (reversed and remanded)

LEGAL NEWS
For nearly 100 years, buyers of certain homes in the Bay Area and beyond have been forced to sign paperwork bearing an ugly rule: You must be White to live in this house.

TECHNOLOGY & SOCIAL MEDIA NEWS
According to an analysis by FundingShield, increases in CPL and agent validation errors with title insurers rose by 530% in the second quarter of 2020 compared to the first. Fraud and risk exposures in CPL errors and issues rose 50%, and there was a 135% increase in state licensing issues.

Ubitquity, developer of a blockchain-secured platform for real estate and title record keeping, has announced a new partnership with Rainier Title.

WORLD NEWS
Ram temple movement proves that how an issue of civil dispute over a piece of land gradually became one of the most defining aspects of politics in contemporary India.

A simmering row between a couple that had lived on a piece of land for 60 years and a mysterious man who came with eviction orders to claim the parcel, was the topic of a gruelling discussion.

TITLE AGENCY & PEOPLE IN THE NEWS
A well known Republican donor and real estate mogul who attracted over 1,000 investors into what was allegedly a Ponzi scheme dating back decades died of a heart attack in May, leaving his ex-wife to sort out a major financial mess.

“We’re grateful for what we have,” says entrepreneur Farrah Ali. “The next step is giving back.” Those two sentences summarize Ali’s approach to business, family, and life.

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
Your Old Radiator Is a Pandemic-Fighting Weapon (contributed by Bill Collins, Frontier Abstract)
The coronavirus pandemic has revived interest in the role design has played fighting infectious diseases. 

You don't have to be a millionaire to isolate yourself on your own private island. In fact, you can separate yourself from the mainland for a lot less than you might expect.

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