Issue No. 196 | November 4, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
After selling his home in a southern state, he had received all of the money from the transaction and was working with a title company based in the Midwest to purchase his new home.

Pennsylvania Gov. Tom Wolf on Thursday signed into law a bill allowing for remote notarization of documents.

Apartment landlords have always had a bit of an upper hand on tenants. The most obvious reason is that they own a product that fulfills their most basic of human needs: shelter. 

On 9/14/20, the IRS announced 4 New Compliance Campaigns . One Campaign addresses FIRPTA (Foreign Investment in Real Property Tax Act of 1980) Reporting Compliance for Non-Resident Aliens (NRAs). FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. 

The Florida Office of Insurance Regulation has authorized the use of five new endorsements for issuance in conjunction with Florida title insurance policies. The following endorsements are available as of November 2, 2020.

A securities litigation lawsuit has been filed against a title insurance company and two of its officers in connection with a 2019 data breach.

TCPA / Standing & Remand: defendant failed to establish plaintiff's standing where plaintiff received a single unsolicited text message from defendant - Jenkins v. Simply Healthcare Plans, Inc., No. 20-22677-CIV-ALTONAGA/Goodman (S.D. Fla. Aug. 17, 2020) (granting plaintiff's motion to remand)

LEGAL NEWS
Semenko can bring the Lillian Corp.’s plans to a halt using the Visual Artists Rights Act of 1990 (VARA), an obscure federal copyright statute that can deprive property owners of their traditional rights to develop, modify, and dispose of their own property. 

Judge Edward Nicholas of the 12th Judicial Court issued an order Oct. 28 striking three of six defendants — Patty Shay and Bill and Rose Vincent — from paying any share of the six-figure legal fees because they previously attempted to accept a lower settlement.

The Supreme Court of New York, Kings County, recently dismissed a fraud claim brought by the principal of a title agent against a title insurance company, finding that any claim that the insurer misrepresented the terms of the guaranty—and there was no evidence supporting this claim—was irrelevant because the principal reviewed the guaranty before signing.

The battle lines between pipeline companies and landowners are still being drawn. In Bayou Bridge Pipeline v. 38.00 acres nobody had a gun, nobody got taken away, and one side was right and one side was wrong.

TITLE AGENCY & PEOPLE IN THE NEWS
Taking a page from the example set by its members, the American Land Title Association decided to help communities in need through its new ALTA Good Deeds Foundation.

TitleWave Real Estate Solutions has named Nathan Lautar as eastern Pennsylvania manager, the company announced.

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
Kim Kardashian‘s photos of her recent 40th birthday jaunt to a private island launched a million memes and brilliant backlash. However, it also served to highlight one of the most audacious luxuries available right now: family seclusion in an ultra private locale.

Westfield, NJ, a town of grand, restored Victorians and stately mansions perched on tree-lined streets, is the kind of place many folks aspire to one day call home.

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