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Title Agency Sued for $1.57 Million Following Email Scam
August 13 2017 (subscription) | |
A Washington D.C. couple fell victim to an email scam and wired $1.57 million pursuant to an email that appeared to be sent by their title agent. When the couple showed up to the closing, they were informed that the title company didn't have their money. Earlier this month, the couple sued the title company, and its owner and agent, for failing to protect them from such cyber threat. The suit alleges that the company's email account was hacked, and the company was negligent with regard to its cyber policies.
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Appraisal Institute Book Helps Value 'Green' Commercial Real Estate
August 09 2017 | |
Commercial real estate valuation professionals must master a new set of terminology and concepts to identify and understand “green” property characteristics and to recognize their effects on market demand and value, according to a new book published by the Appraisal Institute.
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Implied Easement by Prior Use: For those times when you forget to reserve an easement
August 06 2017 (subscription) | |
The Court of Appeals of Washington recently decided a case brought by a landowner who claimed a right to an implied easement by prior use. Three lots had been in his family for several decades, but when two of the lots were sold no easements were reserved for access to the third. What factors did the court consider in deciding if an easement existed?
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MBA Announces Personnel Changes in Residential Policy Department
August 02 2017 | |
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), announced the promotion of two current staffers, and the planned departure of Ken Markison, MBA Vice President and Regulatory Counsel. The promotions became effective July 16, 2017.
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Pending Home Sales Recover in June, Grow 1.5 Percent
August 02 2017 | |
After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors®.
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Commercial/Multifamily Borrowing Up 20 Percent Year-over-Year
August 01 2017 | |
According to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017.
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