Issue No. 195 | October 28, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Cyber insurance may still be in its infancy, but over the past few years, we have seen rapid growth followed by what we all hope to be a temporary plateau. Insurers are issuing more policies. The amounts of protection are increasing.

Foreclosure / Standing: assignee of note was entitled to foreclosure for being in possession of original note indorse in blank, consistent with the copy attached to the complaint - Deutsche Bank Nat'l Trust Co., as Trustee v. Harris, No. 4D19-2812 (Fla. 4th DCA Aug. 12, 2020) (reversed and remanded)

In the ongoing effort to keep clients and co-workers safe, mortgage and lending companies are adapting their operational structures to accommodate new remote-working trends. In the process, these companies are learning where their current physical and digital workflows fall short, especially given that more sensitive conversations are taking place online. 

Foreclosure Sale / Challenge: borrower failed to meet his burden of establishing that gross inadequacy of foreclosure bid price resulted from "mistake, fraud or other irregularity" in the sale - Venezia v. Wells Fargo Bank, N.A., No. 3D19-1869 (Fla. 3d DCA Aug. 19, 2020) (affirming denial of motion to vacate foreclosure sale)

Late last week, the Louisiana Department of Insurance issued an advisory letter on Louisiana Act No 310, which mandates that title insurance companies have a physical location in the state in order to operate there, beginning on Jan. 1, 2021.

California has distinguished itself as the state that may never accept remote online notarization (RON). The state has no legislation permitting RON, and has even gone so far as to write to Congress opposing proposed bills that would make RON legal in all 50 states.

LEGAL NEWS
The United States District Court for the District of New Jersey recently dismissed a prior property owner’s defamation suit brought against a title insurance company after the company sent a letter regarding a mortgage the seller failed to disclose or discharge. See Ezeiruaku v. Fid. Nat'l Title Ins. Co., 2020 WL 5587438 (D.N.J. Sept. 18, 2020). In 2012, plaintiff sold a property to a third party via a bargain and sale deed with a covenant against grantor’s acts stating that there were no liens or encumbrances on the property.

Farmers and ranchers encounter numerous legal issues, some more often than others. Some involve relationships with people that have gone awry, while others are a function of the economic situation surrounding the operation. Still others involve technical contract issues involving the sale or transfer of agricultural commodities. Many involve farmland in one fashion or another. 

Charleston, South Carolina, for most of your life you have been hearing about the plans for I-526. A portion of “526,” as locals call it, was built in the 1990s - it linked West Ashley with North Charleston and Mount Pleasant, and James Island with downtown.

Most developers are familiar with the notion that under California’s Subdivision Map Act, the vesting tentative map statutes provide a way of fixing a developer’s rights. Put simply, obtaining a vesting tentative map allows a builder to rely on the regulations, conditions, and fees existing at the project planning stage even though the development might take years to complete.

TECHNOLOGY & SOCIAL MEDIA NEWS
Alanna.ai is an SaaS startup with artificial intelligence software that aims to simplify land and title transactions. With a grant from the MEDC, the startup plans to expand its headquarters in McKinney with 20 new high-tech jobs with an average salary of $90,000 over the next three years.

When Azucena Olvera started hunting for a bigger Brooklyn apartment, an ad on Instagram caught her eye. “I just clicked on it and figured, why not?” she told The Post. “I was trying to do it myself on the internet and felt I didn’t need an agent to show me what was available.”

Being proactive instead of reactive when it comes to foreclosures is a more ideal position to be in for county agencies dealing with housing issues. This is one reason why the Chautauqua County Land Bank Corp. has accepted an in-kind services grant of $50,000 from Parcel Revenue Corp.

TITLE AGENCY & PEOPLE IN THE NEWS
In the field, Douglas King’s favorite tool is his brain. “Plan your work and then work your plan,” he says simply. In the photo on this day, however, King didn’t plan to find a 100-foot, giant cypress tree in Porter, Texas.

Russell Gordy is my neighbor. Let me rephrase that. Russell Gordy’s 48,000-acre Double Arrow Ranch sits just outside Livingston, the Montana town where my family and I live. Russell is a Texan, a native Houstonian, and he and his wife, Glenda, love to escape the heat and spend their summer on the Double Arrow with a passel of grandkids and a very special Italian Spinone called Pony who actually belongs to Russell’s son Garrett.

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
With an epic Election Day coming up on Nov. 3, many homeowners may be inspired to express their political hopes and dreams by planting a presidential yard sign on their front lawn.

It's true that you don't often find us here siding with copyright holders in debates over copyright. It's not that there isn't a place for that sort of thing, of course. It's just kinda not our beat. Also, it's a bit of a dog-bites-man kind of thing.

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