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Title Industry Forecast: Strong Growth Through 2019
A report on the title industry from IBISworld forecasts that title industry revenue and profits will rise strongly through 2019 as existing home sales rise.  In the short term, revenues are forecast to be lower in 2014 than in 2013.
Alexandria City, Vrginia Begins e-Recording
Alexandria City is now accepting electronic land documents for recording, e-recording service provider Simplifile has announced.
NAR: Existing Home Sales Highest in Nearly a Year
Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors.
MBA Weekly Report: Volume Increases; Interest Rates Lowest Since May 2013
Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 18, 2014. 
Judge: Current Owner Searches are Reasonable for Purchases

Is a current owner search a reasonable search for a buyer to conduct when buying a property, even when the current owner did not gain title through a warranty deed arising from an arms-length transaction?  A Federal District Court judge thinks so, agreeing with a bankruptcy court judge that came to the same conclusion.


Punctual Abstract
AccuSearch Company
Illinois Title Agent Sentenced
The owner-operator of an Illinois title agency has been sentenced to twenty-one months imprisonment in a scheme to defraud clients in order to fund a gambling habit.
Two North Carolina Counties Add e-Recording
Document recordings in Catawba County, N.C., and Nash County, N.C., can now be processed electronically, e-recording service provider Simplifile has announced.
E-recording Added in MI, SC Counties

Jackson County, MI and Berkeley County, SC are now electronically recording real estate documents, e-recording service provider Corporation Service Company has announced.

MBA Weekly Report: Mortgage App Volume Decreases
Mortgage applications decreased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 11, 2014.  The previous week’s results included an adjustment for the July 4th holiday.
"How can we pay this claim, when the loss hasn't been determined?"

In paying claims, a title insurer can, in certain circumstances, wait for the outcome of a foreclosure or other litigation in which its insured may collect money.  In other circumstances, the title insurer has to go ahead and pay the claim even when there is pending litigation that could reduce the loss of its insured.

Sometimes, an Agent is not an Agent

As a buyer in a real estate transaction, you may deal with several persons whose profession title includes the word "agent".  Only some of the persons will be your agent, however-- and whether a particular person is your agent or not will have a profound effect on your liability for their actions if they screw up.

MBA Weekly Report: Mortgage Applications Increase
Mortgage applications increased 1.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 4, 2014. This week’s results included an adjustment for the July 4th holiday.
ALTA Encourages Title Professionals to Conduct Self-Assessment
ALTA has announced that its Board of Governors recommends that title professionals take steps to implement ALTA’s “Title Insurance and Settlement Company Best Practices” and conduct a self-assessment no later than September 2014.
Nevada Men Charged in Quit Claim Deed Fraud

Two Nevada men have been charged with forging quit claim deeds for the purpose of collecting rent from unsuspecting tenants.

Barry County, Michigan Begins e-Recording
Barry County, Michigan is now electronically recording documents, e-recording service provider Simplifile has announced.
Inchoate Liens and Equitable Subrogation

In Maryland, if a refinance mortgage is for more than the original mortgage, it will be assigned the priority of the original mortgage if an intervening lien is not discovered due to the lender's negligence, but only for the amount of the original mortgage, and the excess amount will be assigned a lien position behind the intervening lien.  But what happens if the intervening lien has an uncertain or erroneous amount listed?  Will the lien for the excess amount of the refinance loan be behind the actual amount of the intervening lien, or the erroneous amount?

NAR: Pending Home Sales Surged in May
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.
CoreLogic: House Price Increases Cool, But That Will Keep Recovery Going
House prices are increasing at a far slower rate in recent months, but that will help keep the housing recovery going, according to the May Home Price Index from housing data provider CoreLogic.
York County, South Carolina Begins e-Recording
E-recording has now been implemented in York County, S.C., e-recording service provider Simplifile has announced.
MBA Weekly Report: Application Volume Holds Steady
Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 27, 2014. 
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