Issue No. 205 | January 6, 2021


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
While the mortgage industry has been notably slow to adapt to new technologies, use of remote online notarization software accelerated significantly in this year of social distancing. Yet, many in the industry still say widespread use of RON remains a ways off.

After two years of concentrated effort and the input of many interested persons including several hundred surveyors, the American Land Title Association and the National Society of Professional Surveyors adopted the new 2021 version of the ALTA/NSPS Land Title Survey Minimum Standards in October 2020 effective February 23, 2021.

The pandemic has created a crisis in New York City’s commercial real estate industry. Some leaders think it’s time to reimagine the city’s business districts.

The government is now examining whether empty commercial real estate in the wake of COVID-19 could be converted to help plug a shortfall of around 140,000 homes.

TCPA / Existence of Arbitration Agreement / Browsewrap Agreement: Consumer was not bound to arbitration provision and class action waiver in browsewrap agreement where there was no evidence of affirmative assent to terms and conditions - Shultz v. TTAC Publishing, LLC, No. 4:20-cv-04375 (N.D. Cal. Oct. 26, 2020) (denying motion to compel arbitration).

LEGAL NEWS
The Maryland Court of Special Appeals recently held that an insured lender’s breach of contract claim against a title insurance company was untimely under Maryland three-year statute of limitations.

When commencing an action or proceeding challenging a land use approval, it is critical that the plaintiff/petitioner identify all parties having an interest in both the approval itself and the real property to which it pertains, and to consider which of those parties should be named.

The South Carolina Court of Appeals rejected the replacement mortgage doctrine on Nov. 25, 2020 and held a home equity line of credit had priority over a subsequent mortgage that secured refinancing of a mortgage prior in time and senior to the HELOC.

As the Colorado River Compact nears the century mark, an increasing number of conservation efforts seek to incentivize landowners’ valuable water rights.

WORLD NEWS
Illegal squatters have invaded the ruins of the oldest city in the Americas, and made death threats against Ruth Shady, the celebrated Peruvian archaeologist who discovered the 5,000 year-old civilization.

The traditional, offline registration of interest in Hong Kong’s property market needed four sheets of paper: registration, appointment of sales agent, a copy of a HK$100,000 cashier’s order and a credit card receipt...

TITLE AGENCY & PEOPLE IN THE NEWS
The United States has filed a civil complaint in federal court in Brooklyn seeking damages and penalties against three individuals and multiple companies alleged to have engaged in a wide-ranging mortgage fraud scheme to defraud the government.

The year 2020 would not be complete without a recap of America’s worst insurance fraud crimes.

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
As America became an industrialized country, it changed the way people determined where they would settle. Those who worked for a company based in an urban area poured into cities, frequently inhabiting cramped tenements.

Earl C. Hanson was often heralded as a genius for his innovations in wireless communication, navigation and hearing aids for which he received more than 70 patents.

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