Can Banks Resume Non-judicial Foreclosures in Oregon on MERS Mortgages? MERS Thinks So.
June 14 2013 (subscription) | |
The Oregon Supreme Court last week issued rulings in a pair of closely watched foreclosure cases centering around MERS's right to foreclose and the ability of MERS to use Oregon's non-judicial foreclosure process rather than the more expensive and time consuming process of foreclosing via the courts. The court ruled against MERS on most points, but MERS believes the ruling was actually a good one for itself and its members.
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Three Nebraska Counties Begin E-Recording
June 14 2013 | |
Three Nebraska counties have begun e-recording, according to e-recording service provider Simplifile. Over 60% of Nebraska jurisdictions now offer e-recording service.
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CoreLogic: Home Prices Inrease at Fastest Rate Since February 2006
June 13 2013 | |
The latest home price report from CoreLogic shows home prices nationwide, including distressed sales, increased 12.1 percent on a year-over-year basis in April 2013 compared to April 2012. This change represents the biggest year-over-year increase since February 2006.
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Corelogic: Fewer than 20% of Homeowners with Mortgages Remain Underwater
June 13 2013 | |
Housing data provider CoreLogic has released new analysis showing approximately 850,000 residential properties recovered from underwater status and returned to a state of positive equity during the first quarter of 2013. The percentage of properties with mortgages where the owner is underwater on the mortgage fell to under 20%.
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MBA Weekly Report: Mortgage Applications Rise
June 13 2013 | |
Mortgage applications increased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 7, 2013. Last week’s results included an adjustment for the Memorial Day holiday.
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The Nightmare Neighbor Nurse
June 09 2013 (subscription) | |
You'd think that a nurse would make a pretty good neighbor. But one nurse waged a bitter battle against a schoolteacher for over six years over a few square feet of property. The schoolteacher finally had enough of the harassment and went to court, and now the nurse will have to pay over $28,000 for her years of unneighborly behavior.
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MBA Weekly Report: Mortgage Applications Dive on Higher Interest Rates
June 06 2013 | |
Mortgage applications decreased 11.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 31, 2013. This week’s results include an adjustment for the Memorial Day holiday.
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ALTA: Title Insurance Premiums Up 24% In Q1
June 04 2013 | |
The American Land Title Association has reported title insurance premium volume rose 24 percent during the first quarter of 2013 when compared to the same period a year ago.
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Slander of Title
June 02 2013 (subscription) | |
Rhode Island has a statute that gives landowners a way to protect their land if the believe that a neighbor intends to take their land through adverse possession, via a recording in the land records. However, such recordings are apparently rare to the point that a title insurer denied coverage where such a document was recorded, giving rise to a lawsuit that was ultimately decided last week by the Rhode Island Supreme Court.
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