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Simplifile Signs 1800th County to Its E-recording Network, Platform Now Utilized by More Than Half of U.S. Recording Jurisdictions
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, today announced that Clallam County, Wash., is the 1800th jurisdiction to join Simplifile’s e-recording network. With this addition, more than 50 percent of recording jurisdictions nationwide are now using Simplifile’s e-recording platform to electronically exchange, process, and record real estate documents within minutes, making it the largest e-recording network in the nation.
Real Estate Lawyer comments on Illinois Appellate Decision finding Title Insurance Company not responsible for damages
Real Estate Attorney William B. Blanchard, general counsel for Gaia Title, Inc., spoke about a recent real estate law case where the Illinois Appellate Court held that the standard ALTA Owner’s Policy gives a title insurance company wide latitude in how to remove liens from the title, and protects it from liability for damages.
DataTrace Selected by Austin Data, Inc. for Title Plant Hosting in Central Texas
DataTrace Information Services LLC, the nation’s largest provider of data and automation solutions to the title and settlement services industry, announced today a 10-year agreement with Austin Data, Inc. to host and manage its entire footprint of title plants in Central Texas, spanning Travis, Williamson, Hays, Bastrop, Caldwell, Burnet and Llano counties.
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Realtors® Survey Shows Rising Membership, Younger Agents Joining Industry
The income and sales volume of National Association of Realtors® members dropped slightly over the last year, but membership increased as younger members continue to enter the industry, according to the 2018 National Association of Realtors® Member Profile.
American Land Title Association CEO Michelle Korsmo stepping down
Korsmo, who joined ALTA in April 2008 and has served as CEO since August 2011, has accepted the role of CEO with D.C.-based trade association Wine & Spirits Wholesalers of America.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 13, 2018. Last week's results included an adjustment for the Fourth of July holiday.
Housing Starts Fall 12.3 Percent As Tariffs Draw Increased Concern
Total housing starts fell 12.3 percent in June to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Builder Confidence Stays at Healthy Level in July
Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housing Market Index.
Appraisal Institute Joins 29 Groups to Promote Real Estate Careers
The Appraisal Institute joined 29 real estate industry organizations, representing more than 10 million jobs, today in announcing a ground-breaking collaboration to highlight the diverse career paths within the real estate sector.
June New Home Purchase Mortgage Applications Decreased 8.8 Percent Year over Year
The Mortgage Bankers Association Builder Applications Survey data for June 2018 shows mortgage applications for new home purchases decreased 8.8 percent compared to June 2017. Compared to May 2018, applications decreased by 12 percent. This change does not include any adjustment for typical seasonal patterns.
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New Butler County (OH) service detects possible mortgage fraud
There haven't been a rash of fraudulent property record breaches in Butler County (OH) and county Recorder Danny Crank wants to keep it that way, so his office is offering residents a new anti-fraud service.

Real estate report: Rising prices, interest don't worry some buyers
Rising home prices and interest rates are a challenge for many, but a new survey shows that they're not a problem for some buyers.

Family feud in Brule County (SD): Ranch disputes lead to multiple court cases
A Brule County (SD) man is upset about what's happening with his family's 99-year-old barn, and he's taking any means necessary to try to save it.

Was there fraud in the Bexar County jury trial that led to $706M verdict?
The latest salvo came last week when attorneys for title insurance company Amrock Inc., which shares the same parent company as Quicken Loans and stands to be on the hook for the largest jury award ever in Bexar County, told a judge they're investigating a charge that the trial was "fraudulent."

Title insurance startup Spruce raises $15.6M
The firm, which bills itself as the first digital-native title company, filed a notice with the Securities and Exchange Commission on Tuesday.

Real Estate and the Blockchain: A Transactional Perspective
Blockchain technology has the potential to significantly disrupt the U.S. real estate market. Vasiliki Yiannoulis of the law firm Withers, discusses how this new technology will impact the industry within the next few years.

Lien Nightmare Over For Flanders Homeowners
A nightmare scenario for a new homeowner was resolved in court last month. After two years, Ron Fisher, a civic leader from Flanders, and his husband, James Christensen, have settled a lien against their three-bedroom ranch in the Bay View Pines Community.

Ex-lawyer can't beat federal prison term for selling bogus insurance
A former lawyer convicted of selling bogus insurance policies to 69 homeowners has failed to argue her way out of federal prison.

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