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Title Insurer Denies Late Claim, Presented After Foreclosure Invalidates Insured Mortgage
A lender who held a mortgage, insured by First American as a first lien, was served with a foreclosure brought by another creditor who claimed a superior lien.  But the lender did not notify First American of the potential claim until after the foreclosure sale.  The foreclosing creditor actually held a deed of trust granted by the homeowners' small business, a corporation, that didn't actually have any interest in the property.  Although the deed of trust was recorded, it was outside the chain of title and not discovered by the title search.  Nevertheless, the property sold and the sale was ratified by the court. 
Existing-Home Sales Subside 1.7 Percent in August
Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending September 15, 2017.
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Student Debt Delaying Millennial Homeownership by 7 Years
Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying.
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State (CT) Police: Essex Attorney Steals Thousands, Fled To Mexico
A long-time Essex attorney is suspected of stealing roughly $300,000 from clients before fleeing to Mexico for several months, according to state police.
Attorney Gets 8 Years for Bogus Mortgage Scheme
A northern New Jersey lawyer has been sentenced to eight years in prison for her role in a mortgage fraud scheme.
Bit by bit, Miami real estate will embrace Bitcoin
You might have seen a recent news item about a local gentleman who agreed to accept Bitcoin for his Coral Gables house, which he had put on the market for $6.4 million.
This Woman Used Public Money to Buy Her Dog a Tiny Tuxedo. No One's Even Mad.
An Arkansas woman has pleaded guilty to using public funds for her personal benefit, purchasing, among other things, tickets to sporting events, household goods, a diamond bracelet, and a tiny tuxedo for her pet dog.
Caliber Home Loans fires mortgage exec after Fed banned banker from industry
On Tuesday, the Federal Reserve Board banned Daniel Brennan, a former executive at Regions Bank, from the banking industry for allegedly paying one Regions' loan processors to approve mortgages that did not meet Regions' lending standards.
American Land Title Association Statement on Brian Montgomery Nomination to Lead FHA
“ALTA commends the nomination of Brian Montgomery to lead the Federal Housing Administration, and encourages the Senate to act quickly on the confirmation as our country faces significant challenges rebuilding many communities devastated by the recent hurricanes,” said Michelle Korsmo, ALTA’s chief executive officer.
Pam Patenaude Right Choice for HUD Deputy Secretary, Say Realtors®
The U.S. Senate today approved the nomination of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development.
Homeownership a Common Interest, Deserves Protection in Tax Reform Debate
Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending September 8, 2017. This week's results included an adjustment for the Labor Day holiday.
NATIC adds Johnson as regional underwriting counsel for Texas and Louisiana
North American Title Insurance Co. has appointed Leslie Johnson as vice president, regional underwriting counsel for Texas and Louisiana.
MBA Statement on Brian Montgomery Being Nominated to Lead the FHA
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, made the following statement about President Trump nominating Brian Montgomery to be the next Federal Housing Commissioner at the U.S. Department of Housing and Urban Development.
Outlook Remains Bright for Commercial Real Estate Despite Price Plateau
Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast.
On the Blogs

Positive Changes in Ohio's Budget Bill: Recording Fee Hike Nixed, and more...
Source of Title Blog

My First Experience with Inverse Condemnation
Source of Title Blog

BRASS Services is going out of business after years of service....
William Pattison 's Blog

A Time-Saving Title Search Tool?
Source of Title Blog

Confirmed... The Ohio Good Funds Law is Harming Consumers
Source of Title Blog

Email Fraud in Real Estate Transactions is on the Rise
Source of Title Blog

The Ohio House Sneaks a Massive Recording Fee Increase into the New Budget Bill
Source of Title Blog

Is Notice by Certified Mail Worth the Cost?
Source of Title Blog

Ohio House Bill Introduced to Regulate Solicitation of Deeds
Source of Title Blog

In God We Trust... Everyone Else Gotta Pay by Wire Transfer
Source of Title Blog


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