Issue No.242, September 8, 2021


EVENTS
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INDUSTRY
Homes in ‘Zoom Cities’ Sell in Less Than a Week
The market has shown some signs of cooling, but in some cities, buyer demand remains extremely high. Many of these places are nicknamed “Zoom cities,” which is a reference to the teleconferencing platform.


A New Group For Women In Real Estate Is Expanding Across The Country
The group, called Women in Real Estate, or W.I.R.E., started by hosting audio chat rooms on social media app Clubhouse, where it now has 55,000 members. It has expanded this year into an official organization with paying members, corporate sponsors and ticketed live events. W.I.R.E. was founded by Kelani Blackwell, a Columbus, Ohio-based broker at CBRE, and Brittany Rose, a Northern Virginia-based real estate consultant and small-business owner.

Read More [free registration required to read]
RedfinNow Launches in Atlanta and Nashville Metro Areas
RedfinNow announced its launch today in the Atlanta and Nashville metro areas. RedfinNow is the iBuying service from Redfin (www.redfin.com), the technology-powered real estate company. Sellers can request a cash offer directly from Redfin and sell without the hassle of preparing their home for market or dealing with open houses and private showings. So far this year, RedfinNow has expanded to 9 markets, and is now serving homeowners in a total of 27 markets in 13 states and the District of Columbia.

FEMA ends policy that denied disaster aid to thousands of Black families
The Federal Emergency Management Agency (FEMA) announced Thursday that it will no longer require disaster survivors living on inherited land to prove homeownership before they can access federal assistance for rebuilding.

Benefits of Land Trusts
Unfortunately for real estate investors, separating fact from fiction when it comes to land trusts can be difficult. A land trust is a simple tool that has been around since King Henry VIII ruled England. Its purpose then, to hide ownership of land (so a commoner would not have to serve in the military or lose the benefits of his land upon death), is the same today. There are several benefits to land trusts, the main one being privacy.

New Superintendent of The Department of Financial Services for New York Selected
Governor Kathy Hochul announced that Adrienne Harris has been nominated as the new Superintendent of The New York State Department of Financial Services. Ms. Harris’ background includes being a former economic advisor to President Obama.

Form-of-the-Week: All-Inclusive Trust Deed (AITD), AITD Addendum with Equity Payoff and AITD Addendum with Full Payoff – Forms 421, 442 and 443
The all-inclusive trust deed (AITD) and note is a debt instrument and security device for the carryback sale of mortgaged real estate. It provides agents, sellers and buyers with the flexibility needed to finance the balance of a sales price remaining to be paid after a down payment is made. [See RPI Form 421]

LEGAL
Fraudulent Transfers Under Texas Law
Texas law prohibits a debtor who is subject to a valid judgment from moving assets out of reach of creditors in order to hinder, delay, or defraud a judgment creditor. This legal restriction applies even if the transfer takes place before the entry of a judgment against them. A fraudulent transfer is voidable under Texas law. So, one may ask, what is a fraudulent transfer? The Texas Uniform Fraudulent Transfer Act (TUFTA) supplies an answer.

Can a Receiver Prime and Strip Liens Against Real Property?
Courts overseeing receivers generally enjoy broad discretion in directing and approving a receiver’s proposed actions. But does that authority extend to a receiver not only granting a super-priority lien ahead of existing liens, but also selling the real property free and clear of all liens? In County of Sonoma v. Quail, 56 Cal.App.5th 657 (Ct. App. 2020), the California Court of Appeals answered that question in the affirmative.

Driveway Easement And Boat Slips – Expensive Fighting
Two of the three lot owners in a subdivision had a dispute over a driveway easement and boat slips. Lot 2 was contracted to be sold first and it included a driveway easement on Lot 1 and Slip A (the one with the boat lift). When Lot 2 was deeded, however, Slip C was on the deed (no boat lift).

What Are My Constitutional Rights For Eminent Domain Appeals In Ohio?
In the last five years, several new cases have come before Ohio’s Supreme Court related to eminent domain (ED) law, as well as the rulings, rights, and amendments surrounding Ohio’s ED process.

Dispute reveals no mechanism to let landowners know when lines change
While the property lines detailed in a deed generally match up with what’s on file at a county clerk’s office, sometimes those lines can change — and the property owner might not even know it.

Texas Court Does Not Have Personal Jurisdiction Over A Trustee Of A Trust With Texas Timber Rights
In JPMorgan Chase Bank, N.A. v. Campbell, a member of a limited partnership sued other partners, including a trustee of a trust, to dissolve the partnership. No. 09-20-00161-CV, 2021 Tex. App. LEXIS 5001 (Tex. App.—Beaumont June 24, 2021, no pet. history). The trustee was listed as a nominal defendant, and the trustee filed claims seeking declaratory relief regarding it not having to participate in an arbitration proceeding.

WORLD
New apps to help public with land title search
A LAND title search module has been developed for the PahangGo app, allowing the public to buy official or private searches for land titles online.
Mentri Besar Datuk Seri Wan Rosdy Wan Ismail said the collaboration between the Pahang Land and Mines Director’s Office (PTG) and PahangGo Sdn Bhd was among the first of its kind in the land administration system in Malaysia.

Summary of Bill 206 and Proposed Amendments to the Responsible Energy Development Act
The Bill would amend the Alberta Bill of Rights, RSA 2000, c A-14, to recognize an entitlement to compensation, and recourse to the courts to determine compensation payable, for the Crown's expropriation of property.

A Homebuyer Should Know If They — Or Their Lawyer — Will Get The Title Insurance Referral Fee
When a title insurer pays a referral fee to a lawyer for arranging a policy on a client’s property purchase, who should get the benefit of the fee — the lawyer or the client? For more than 20 years, some Ontario title insurance companies have been paying lawyers a fee for the legal work involved in placing title insurance policies for their clients.

TECHNOLOGY
Prenatal gene test Nifty under international scrutiny amid links to Chinese military
Health regulators in five countries are examining a prenatal test that collects the DNA of women and foetuses for research after it emerged the test’s manufacturer has links to China’s military. Some doctors and clinics that promoted and sold the test, marketed under the brand name Nifty, said they were unaware that Shenzhen-based BGI Group also conducts research with the Chinese military.

Microsoft Outlook shows real person’s contact info for IDN phishing emails
If you receive an email from someone@arstechnіca.com, is it really from someone at Ars? Most definitely not—the domain in that email address is not the same arstechnica.com that you know. The 'і' character in there is from the Cyrillic script and not the Latin alphabet. This isn't a novel problem, either. Up until a few years ago (but not anymore), modern browsers did not make any visible distinction when domains containing mixed character sets were typed into the address bar.

PEOPLE IN THE NEWS
How 2 Physicians Built Retirement Wealth in Real Estate Through a 1031 Exchange
Brother and sister Hassan and Shara (not their real names) came to America as children of immigrants. Their family settled in a suburb of Detroit. Their parents struggled to provide the necessities of life, with their mother staying at home, as was the tradition, and their father working as a taxi driver in the city.

‘Scumbags:’ Green Dot Owner Blasts Moroun’s Bridge Company For Fencing Off Parking Lot In Land Dispute
Billionaire Matthew Moroun’s bridge company is attempting to take over part of a parking lot used by Green Dot Stables for at least 35 years, a move the restaurant’s owners say is the latest salvo in a David-versus-Goliath dispute stemming from their refusal to sell their property.

OTHER TRENDING NEWS
Wildlife As Property Owners By Karen Bradshaw — Review
Wildlife has always shared the landscape with people, but the big loser in this arrangement is — and always has been — wildlife. Is it time to grant wildlife legal ownership of their homes?

Welcome to the Comedy Wildlife Photography Awards
Born from a passion for wildlife, and decades of experience living & working in East Africa, The Comedy Wildlife Photography Awards began its life modestly in 2015 as a photographic competition. Since then, steered by its founders, Paul Joynson-Hicks MBE and Tom Sullam, it has grown into a globally renowned competition seen by millions of people every year, and always with wildlife conservation at its heart.

The Enduring Midwestern Mystery of Blue Moon Ice Cream
ASK SIX DIFFERENT PEOPLE WHAT the flavor of Blue Moon ice cream is and you’ll get six different answers, at least. It’s almond, it’s raspberry, it’s lemon, it’s Froot Loops, it’s cotton candy, it’s beaver musk additive (seriously—more on that later). It is, perhaps, one or more of these flavors, but that’s not for us civilians to know. An alluring hue of cosmic blue, this ice cream has secrets.

NASA’s Curiosity Mars Rover Finds A Changing Landscape
NASA’s Curiosity rover explores Mount Sharp, a 5-mile-tall (8-kilometer-tall) mountain within the basin of Gale Crater on Mars.