Issue No. 214 | March 10, 2021


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Allen Matkins recently hosted its 2021 Real Estate Development Law Update program to provide insight into economic factors, cases, and regulations impacting the industry. The program opened with an analysis of the current state of the real estate industry and trends expected to continue into the near future from Ali Wolf, Chief Economist at Zonda.

In almost any other year, a weak economy would cripple housing. But the flash-freeze recession of 2020 corresponded with a real-estate boom, led by high-end purchases in suburbs and small towns.

AUSTIN, Texas, March 9, 2021 /PRNewswire/ -- On behalf of its clients and all American consumers concerned about competition and transparency in real estate, REX has filed a federal antitrust complaint in Seattle, Washington against Zillow, Trulia, and the National Association of Realtors (NAR).

The nation’s largest homebuilders are buying up undeveloped land at a frantic pace. With Americans clamoring for new single-family homes to purchase and rent, the short-term outlook for homebuilding has rarely been better.

In the inaugural enforcement action under its new cybersecurity regulations, the New York Department of Financial Services announced charges against First American Title Insurance Company in July 2020.

The real estate world has its own cadence - space is designed and constructed; buildings are inspected and financed; and properties are marketed…

LEGAL NEWS
In this episode of Digging Into Land Use Law, Nossaman Real Estate partners Simon Adams and Karla MacCary get down and dirty and into the weeds of the rights of land owners that are impacted by easements. It can be important to know how these rights can be established given their effect upon property values.

Construction liens can have a dramatic impact on property owners, causing them to potentially default on their mortgage or other lending terms. These liens can also destroy opportunities to sell a property or secure additional financing.

The New York Appellate Division, Second Department, recently held that a title insurance company has no duty to defend or indemnify its insured for an adverse possession action brought against the insured, citing the title policy’s parties in possession exception.

Although covenants restricting the sale of property to whites only have been illegal since a U.S. Supreme Court ruling in 1948 and federal and state…

WORLD NEWS
ADISA OGUNTADE & ANOR v. MR. MOSES OLAKUNLE OGUN
CITATION: (2021) LPELR-52895(CA)

Premier Iain Rankin announced a $3 million compensation fund Friday to speed up efforts to address land ownership in historic African Nova Scotian communities.

Who is responsible when a home is so defective that it is deemed unsafe to occupy?

TECHNOLOGY & SOCIAL NEWS
Virtual Surveyor has introduced Curb & Gutter mapping functionality in version 7.6 of its popular drone surveying software.The new capability enables land surveyors to create a lightweight CAD model of curbs and gutters along the edges of streets and parking lots from standard orthophotos and elevation models captured by unmanned aerial vehicles (UAVs), or drones.

On March 3, NYDFS announced a settlement with a mortgage lender to resolve allegations that the lender violated the State’s cybersecurity regulation…

TITLE AGENCY & PEOPLE IN THE NEWS
Over the past 40 years, Alfred Thomas said he’s worked many jobs at a public school, a domestic violence shelter, and at a bank.
“Money was alright. But it just wasn’t enough to survive,” Thomas said.

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
If you've ever spent a long afternoon struggling to put together IKEA furniture for your home, what would you think about assembling the entire home? If your answer would be, “Not a chance,” you'd probably not be alone.

Inspired by the new realities of the Covid-19 era, Nissan's concept vehicle features a retractable office for remote workers and digital nomads. Dubbed Office Pod Concept, the mobile workspace comes with a modified Cosm chair by US furniture-maker Herman Miller, and desk space big enough for a large computer monitor.

What do you do if your international legal problems are not only cross-border, but are literally, “out of this world”? Go to Space Court, where the Judges will speak your language.
The Dubai International Financial Centre Courts (DIFC) and Dubai Future Foundation announced the creation of a “Space Court” to provide legal solutions in commercial-related space disputes.

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