Issue No. 212 | February 24, 2021


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
A proposal pending in the Oregon Legislative Assembly would limit title insurers’ potential grounds for refusing to insure certain real property transactions involving cannabis.

Capital is flowing into the built-for-rent single-family home business like never before. It seems like you can’t read a story on this topic without finding another group with a billion dollars earmarked for the development of homes for rent.

Title insurance, which protects real property buyers and lenders without adding exorbitant risk premiums to the cost of capital, has proven to be a vital part of any commercial real estate deal.

The pandemic has pressed the real estate industry to adapt and evolve. As we move forward in 2021, the industry will continue to face new challenges, new laws and regulations and an abundance of change.

LEGAL NEWS
Once in a while the manager of a limited liability company that owns commercial real estate buys out the interests of an investor member of the company, and then, soon after, sells the LLC’s real estate at a price far higher than anyone expected.

In Maxey v. Maxey, in a dispute that arose from the probate of an estate, two sisters mediated and reached a settlement agreement concerning the division of certain real property. No. 01-19-00078-CV, 2020 Tex. App. LEXIS 10281 (Tex. App.—Houston [1st Dist.] December 29, 2020, no pet. history).

Park Beeler, the co-managing member of developer Jacksonville Riverfront Revitalization, told a City Council and Downtown Investment Authority joint workshop Feb. 23 that his company intends to buy the unfinished Berkman Plaza II within two weeks and start demolition at the end of March.

The New York Court of Appeals reversed four Appellate Division decisions and decided in favor of the mortgagees in a consolidated decision issued on February 18, 2021, ruling,

TECHNOLOGY & SOCIAL NEWS
Blockchain and cryptocurrencies are fast becoming the biggest trends in the world at the moment, not just in terms of finance and technology, but moving to other sectors as well.

Sometimes a comprehensive overview is needed to recognize that individual anomalous conduct is indicative of a criminal scheme.

WORLD NEWS
You may be flabbergasted to find out, that under certain circumstances, a trespasser can come onto your land, occupy it, and gain legal ownership of it. The legal terminology for this is “adverse possession.”

A film titled Kaagaz was released in 2021. It is based on travails of Lal Bihari, who was alive but was declared dead in land records. Legally dead, he struggled to prove he was alive. Problems of the living dead are not specific to India.

TITLE AGENCY & PEOPLE IN THE NEWS
The Office of the Inspector General (OIG) at the U.S. Department of the Interior evaluated the Department's Land Buy-Back Program for Tribal Nations in a report posted on February 19.

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 2004, the town of Oak Bluffs and the Martha’s Vineyard Land Bank struck a landmark deal to swap two 24-acre parcels in the Southern Woodlands, with Oak Bluffs proposing to trade a landlocked parcel known as the “doughnut hole” to add to the Land Bank’s large swath of conservation land surrounding it.

The hunger to own land has shaped human history. The early Britons, who marked their boundaries with rocks were a far cry from the imperial explorers and mapmakers who laid claim to territory, regardless of local history, customs or geography.

Why Harriet and Duncan Weren't Allowed in Iceland
The Iceland Naming Committee, formed in 1991, is the group that decides whether a new given name will be acceptable.

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