Oklahoma Strengthens Owners' Rights to Abstracts and Title Policies
June 25 2017 (subscription) | |
Soon a new law in Oklahoma will subject abstractors to civil penalties and other potential liability for refusing to provide homebuyers with the abstract for the property they are purchasing. It also provides homeowners the right to request copies of previously issued title policies.
|
|
Bob Goldberg Named CEO of National Association of Realtors®
June 23 2017 | |
Bob Goldberg has been named CEO of the National Association of Realtors®. Goldberg currently serves as NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Professional Development and Conventions for NAR.
|
|
|
|
RamQuest Appoints Ben Cork Chief Strategy Officer
June 22 2017 | |
RamQuest, Inc. announced today the appointment of Ben Cork as chief strategy officer. In this role, Ben will be responsible for defining RamQuest’s technology service initiatives with a focus on business drivers and results.
|
|
|
|
|
Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High
June 21 2017 | |
Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.
|
|
RamQuest and BC Law Announce New Integration
June 20 2017 | |
RamQuest, Inc., a leading provider of title and settlement solutions for the Land Title industry, announced today that its Closing Market digital network is now integrated with BC Law.
|
|
The Supreme Court of Virginia Examines the Limits of Inverse Condemnation
June 18 2017 (subscription) | |
A Harris Teeter grocery store filed an insurance claim when a sewer backup caused the loss of inventory, requiring extensive clean up. Finding the loss to be a covered claim, two insurance companies paid a total of $1.8 million. Then, exercising their rights of subrogation, the insurers sued Arlington County on a theory of inverse condemnation.
|
|
|
|
Simplifile's Paul Clifford Receives 2017 Award for Innovation from October Research
June 14 2017 | |
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that Paul Clifford, president, was recognized with the 2017 October Research Award for Innovation for his leadership in establishing Simplifile’s e-recording network, along with other achievements in support of the title industry.
|
|
HUD, Housing Authorities Celebrate Father's Day
June 14 2017 | |
In commemoration of Father’s Day 2017,the U.S. Department of Housing and Urban Development (HUD) is joining with communities throughout the country to celebrate fatherhood and family through HUD’s National Father’s Day Initiative.
|
|
Mortgage Applications Increase in Latest MBA Weekly Survey
June 14 2017 | |
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2017. Last week's results included an adjustment for the Memorial Day holiday.
|
|
|
|
Flat Recording Fee Laws Progressing in Multiple States
June 11 2017 (subscription) | |
At least four states are preparing to implement flat fees for recording deeds, mortgages and other real estate documents. Flat recording fees will make estimating closing costs easier and help avoid exceeding tolerance limits on the Loan Estimate and Closing Disclosure forms required by TILA-RESPA Integrated Disclosure (TRID) rules.
|
|
|
|
HUD Designates June as National Healthy Homes Month
June 08 2017 | |
In an effort to help families keep their kids healthy and to reinforce the connection between a family's health and their home, the U.S. Department of Housing and Urban Development is kicking off the second annual National Healthy Homes Month.
|
|
|
|
|
|
|
|
|
|
Connecticut Court Finds Title Insurer Can Recover Attorney Fees from Negligent Title Searcher
June 04 2017 (subscription) | |
A Connecticut title searcher was held to be liable for $77,500 paid by Chicago Title to clear the title to property it insured, as well as more than $20,000 in fees and expenses incurred negotiating the settlement. Liability for a negligent title search may be imposed for the full amount of losses caused, and without notice before the claim is settled.
|
|
|
|
|
|