Issue No. 197 | November 11, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Pennsylvania Gov. Tom Wolf has signed into law House Bill No. 2370 (Act 97), permanently authorizing Pennsylvania notaries to conduct remote online notarizations (RONs) – notarizations conducted by a notary with an individual who is not in the same location as the notary (a "remotely located individual"). Act 97 states that it is effective immediately.

To the surprise of no one, FinCEN announced today that it is extending the Geographic Targeting Order, or GTO, regarding real estate transactions.

Identity theft continues to be a major concern for citizens in the United States and around the world. According to one identity theft study, more victims are paying out of pocket for fraud and there has been an increase in new account fraud where someone opens a new account under a victim’s name. 

Cases of mortgage fraud for the home purchase segment of the market rose for the 12 months ending mid-2020, as scammers took advantage of uncertainties in the world, according to CoreLogic’s newly released Mortgage Fraud Trends Report. 

Specific Performance: suit for specific performance concerning real estate requires proof that is clear, definite, and certain - Lupetto, Inc. v. South Bay Developers Group, LLC, No. 3D19-1068 (Fla. 3d DCA Sept. 2, 2020) (affirmed)

In this exclusive special report, experts share their unique knowledge on policies, practices and eClosing technology.

LEGAL NEWS
Suffern Partners LLC, the purchaser of the former Novartis pharmaceutical complex, has filed suit against a title insurance company for $57 million for allegedly botching the sale.

ISLE OF PALMS, SC (WCIV) — What happens when one person is certain they own a property, but then someone else claims it as their own? It turns into a legal land battle, and that's exactly what's going on in an Isle of Palms neighborhood.

TECHNOLOGY & SOCIAL MEDIA NEWS
The recent move to more remote work environments has prompted many to take a second look at not only eSignature solutions but also remote online notarization (RON). In order to support transactional practice groups in making the transition to electronic signing and closings, one must understand the challenges and opportunities of these technologies.

AARON KLEIN: So I was in China quite a few years ago, several years ago, researching, among other things, the stability of their banking system. And I'm in Shanghai, and I'm hanging out with an old college friend of mine who lives there, and he takes me to his person to get some handmade clothing.

TITLE AGENCY & PEOPLE IN THE NEWS
ROCK HILL, S.C. — York County prosecutors said two families will bear scars for years after what their lawyer did during a routine real estate closing.

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
Why Do People Bury St. Joseph Statues In Their Yard? [Contributed by Bill Collins - Frontier Abstract - Rochester]
We’d been in our new house for just a few weeks when my husband found a gallon-sized zippered bag buried in the backyard.

The key to Native American development and tribal sovereignty is not found in more federal funding or oversight, but in policies that clarify property rights and remove transaction costs to doing business.

Property markets in the UK and the US have become hotspots for money laundering, prompting authorities in both countries to introduce new regulations.

Ground control to Major Tom: A giant portrait of music legend David Bowie graces the bottom of the pool of a 6,000-square-foot home on Glen Acres Road SW on Vashon Island, WA

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