Issue No. 194 | October 21, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Mortgage lenders and mezzanine lenders considering amendments to loan documents, forbearance, loan transfers, the exercise of remedies or deeds in lieu of foreclosure, and other loan-related fact patterns will need to revisit and comply with the provisions of their respective ICAs.

When you sell a piece of real estate, are you using the process that will get the highest price possible? The work of two U.S. academics who last week won the Nobel Prize for economics suggests you almost certainly aren’t.

Aaron and Lindsey Fisher found their dream home not far from where they lived in northern California. It was a stunning, $1.4 million home with an expansive backyard and nearby trail where they could hike with their four sons.

The Maryland Secretary of State issued regulations in connection with the new laws that went into effect on October 1, 2020. Information regarding the new laws can be found here. The regulations, which took effect on October 5, 2020, can be found here on page 739.

LEGAL NEWS
After over two decades of studying, writing and presenting on boundary dispute cases in the land surveying profession, one truth has become crystal clear: boundary law and retracement surveying are largely a matter of common sense.  

At its October Work Session on Tuesday, October 13, the Sumter County Board of Commissioners (BOC) discussed a possible quitclaim deed between the county and the Americus-Sumter County Land Bank Authority (LBA). 

In this appeal, the Ninth Appellate District affirmed the trial court’s decision, agreeing that the borrower’s counterclaims were compulsory as they were logically related to the lender’s claim in the foreclosure action and were required to have been raised in the prior foreclosure.

Bought a new car recently? A house? Applied for a loan? New software? Use the internet? All of these involve contracts and most of the contracts are small print and many pages long. Contracts are everywhere on the internet. 

TECHNOLOGY & SOCIAL MEDIA NEWS
The Financial Crimes Enforcement Network (FinCEN) has assessed a $60 million civil money penalty against Larry Dean Harmon, the founder, administrator, and primary operator of Helix and Coin Ninja, convertible virtual currency “mixers,” or “tumblers,” for violations of the Bank Secrecy Act (BSA) and its implementing regulations.  

WORLD NEWS
A Florida-based Jamaican couple who purchased property at the gated Negril Estate development in Westmoreland are frustrated at the developer Patrick Fletcher’s failure to hand over their land title after more than 12 years, and are demanding reimbursement of all monies, spent at today’s value, or the legal document.

TITLE AGENCY & PEOPLE IN THE NEWS
The upstate New York homes of some of the key players in NXIVM, the twisted "sex cult" chronicled in the hit HBO documentary "The Vow," are likely to go on the market soon.

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
In 2014, former President Viktor Yanukovych was removed from power in Ukraine via the Maidan revolution. Multiple sources report that Yanukovych may have stolen upwards of $40 billion, most of which was moved offshore to shady accounts in offshore financial jurisdictions.

If you find yourself living in a house with a spooky vibe, it could be that the home is haunted. For some people, that’s reason enough to put up a for-sale sign and take the money and run. 

“It’s kind of famous for this area,” says the co-listing agent, Michelle Jones, of an organic modern home designed to mimic a sand dollar. “Everybody wonders about the house,” she adds. They need wonder no more: The asking price for the distinctive local landmark is $2.2 million.

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