Issue No. 200 | December 2, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
A federal judge whose son was slain at their home by an attorney who had stalked her invoked his memory Friday at the signing of a New Jersey law aimed at protecting judges' personal information from being publicly accessible.

The mandate to remediate existing loans that are indexed to LIBOR prior to the end of 2021 to incorporate robust LIBOR “fallback” provisions poses unique challenges for commercial mortgage lenders.

Foreclosure / Compliance with HUD: finding, as a matter of first impression in Florida, that a lender can prove compliance with HUD notice requirements by evidence other than a certified mail receipt from the USPS – Lakeview Loan Servicing, LLC v. Walcott-Barr, No.4D19-1582 (Fla. 4th DCA Oct. 19, 2020) (reversed) 

Traditionally, and almost universally, professional surveyors have been taught to survey the written title and to direct their client to seek the advice of an attorney for guidance regarding any potential title or boundary conflicts.

REX, the technology company positioned as the full service, much lower-cost alternative to traditional real estate, today announced it has filed a lawsuit against the State of Oregon for antitrust practices. 

The $99,000 One-Bedrooms on Billionaires’ Row [Contributed by Bill Collins, Frontier Abstract, Rochester, NY]
There are a handful of reliably hazardous red flags in New York City: an empty subway car at rush hour, an empty restaurant on a Saturday night, and a-little-too-reasonably-priced apartments.

LEGAL NEWS
Trust Deed and REIT investments are seemingly similar at first glance. They both utilize “crowdfunding” type platforms that open the door to commercial real estate investments at a lower “buy-in” than your typical real estate venture (i.e. rentals, fix-n-flips, etc.); and offer a steady stream of passive income.

Maryland Federal Court Holds No Title Insurance Coverage For Water Runoff
The United States District Court for the District of Maryland recently found that there is no coverage under a title insurance policy when the insured neighbor brings a claim due to water runoff from the insured property.

How are companies, financial institutions and governments confronting increasingly sophisticated threats of fraud and other financial crimes? Milbank partner Allan Marks and Litigation & Arbitration partners Mona Vaswani and Adam Fee delve into a range of timely and substantive topics.

The town of Appleton did a strange thing at its town meeting in March 1971, according to The Camden Herald.

WORLD NEWS
A family that claimed a plot was hatched to take land from them in the 1960s produced documents yesterday said to be title deeds dating back to 1880.

A property-buying process consists of many important steps. Without following every step, the buyer may have problem in obtaining complete legal ownership of the said property.

TITLE AGENCY & PEOPLE IN THE NEWS
"I think of Bogie as a son. He's been with me for 11 years and is a big part of my life. We've had so many adventures and been to many places together, I don't think I can ever replace him."

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
Inexplicably bad property photographs. It's that simple.

The app builders had planned for pranksters, ensuring that only people with verified COVID-19 cases could trigger an alert. They’d planned for heavy criticism about privacy, in many cases making the features as bare-bones as possible.

Local landlord says renter trying to sell his house on Craigslist [Contributed by Bill Collins, Frontier Abstract, Rochester, NY]
Matt Drouin is a landlord and housing owner with 117 properties in the region. He says the COVID-19 pandemic has hit both tenants and land owners hard.

When people started building up the area around Idaho’s Payette Lake after World War II, its original residents began interfering with irrigation and agricultural endeavors. They weren’t exactly staging an organized protest—they were just beavers doing what beavers do.

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