Arizona homeowners falling victim to deed fraud
"We've seen an increase, I think because now we do electronic recordings, right? We used to... you had a real person that took your ID and, you know, and notarized the deed, and then a real person took that notarized paper to the county's recorder and recorded it, usually through the title company," said Michelle Lind.
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Homebuyers can't get a break as mortgage rates march back toward 7%
"Both buyers and sellers have backed off from the market because mortgage rates are so high," Daryl Fairweather, chief economist at Redfin, told Yahoo Finance. "They've made homebuying more expensive. Homeowners who were able to lock in 3% mortgage rates a little over a year ago don't want to give up those rates and are not selling."
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What Are Title Searches And Why Are They Important?
When it comes to property transactions, title searches play a crucial role in ensuring a smooth and secure process. But what exactly are title searches, and why are they important? In this article, we will explore the concept of title searches and their significance in property conveyancing.
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Use of ChatGPT in Federal Litigation Holds Lessons for Lawyers and Non-Lawyers Everywhere
The lawyers in that case used the generative artificial intelligence (AI) program ChatGPT to perform their legal research for the court submission, but did not realize that ChatGPT had fabricated the citations and decisions. This case should serve as a cautionary tale for individuals seeking to use AI in connection with legal research, legal questions, or other legal issues, even outside of the litigation context.
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ABC Capital investors sue Lutherville title company over unaccounted for funds
A Lutherville title company that helped facilitate sales of homes in distressed Baltimore neighborhoods for ABC Capital is being sued after investors claimed it accepted nearly $1 million for transactions that weren't completed.
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Fannie Mae's Mission Creep
In March, Politico reported that Fannie Mae was considering a pilot program that would waive title insurance requirements for certain lenders, which constitutes a major departure from current policies. This pilot program would turn Fannie Mae into a de facto title insurer, with the GSE becoming responsible for handling claims if a title-related issue is discovered.
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