Remote Online Notarizations Now Allowed In Oregon
People in Oregon can now have things notarized through the internet. That's due to a bill approved by lawmakers during the special session in June. It's now been signed into law by Gov. Kate Brown.
|
COVID hasn't stopped the housing market, but good luck finding a home you can afford
Although mortgage rates hover at historic lows, potential buyers are battling low housing inventory and higher prices, an issue that has plagued house-hunters in recent years and is showing no signs of letting up. Homebuyers must act quickly when debating a purchase, sometimes offering over asking price or getting into a bidding war with other potential buyers.
|
Low mortgage rates, states reopening, ignite record home sales and bidding wars
Buyers are flocking to the summer real estate market as states reopen and mortgage rates fall to record lows. Contracts for previously owned U.S. homes surged in May by 44.3 percent, the most ever, as states began to reopen from coronavirus lockdowns, according to The National Association of Realtors' index of pending home sales released today.
|
Best Month Ever For Mortgage Rates
Mortgage rates managed another slight improvement today, which means the average lender is offering new all-time low rates for the 4th time this month. Even if rates had lurched unexpectedly higher today, June still would have gone down as the best month in the history of the mortgage market with many lenders now offering conventional 30yr fixed rates under 3% on top tier scenarios.
|
A Notice of Trustee's Sale Does Not Necessarily "Disturb Possession"
Flashback: Five years ago, Money and Dirt covered the Salazar v. Thomas opinion from California's Fifth District Court of Appeal holding that a Notice of Default does not "disturb possession" sufficiently to start the statute of limitations running on a claim for quiet title based on an allegedly void deed of trust.
|
UChicago Awards First Prize To Team Led By Indian-origin Student
University of Chicago's Polsky Center for Entrepreneurship and Innovation announced its winners of the 24th annual Edward L. Kaplan New Venture Challenge, the first prize going to Pippin Title, led by Bharat Das, co-founder and CEO. The awards, meant for student-run startups, dispensed a record $1 million this year, of which $450,000 went to Pippin Title, a one-stop-shop for land title reports making things easier for title insurance agents, a June 29, 2020 press release from the University says.
|
Startups are Poised to Disrupt the $14B Title Insurance Industry
For a product that is all but required to purchase a home, title insurance isn't something many people know about until they have to pay for it and then wait up to two months to get. Now, finally, a handful of startups are taking on the title insurance industry, hoping to make the process of buying a policy easier, cheaper and more transparent.
|