California Real Estate Broker Arrested for Fraudulently Selling $1.5 Million Home
A California real estate broker who owns an escrow business was arrested on a federal criminal complaint alleging they fraudulently sold a luxury home and obtained a nearly $1 million loan using stolen identities and false documents. According to the charges in this case, Glenis Cardona, the broker and owner Golden Escrow, coordinated her scheme with Ivan Reyes and Arshak Akopyan, a.k.a. "John Akopyan." In late 2023 and January 2024, the trio executed the fraudulent $1.5 million sale of a Burbank home, through which they secured approximately $975,000 in loan proceeds.
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Dono raises $6.5 million Seed to modernize U.S. property records with AI
Amid a real estate market still constrained by centuries-old paper systems, Dono, an AI-powered property records platform, has secured $6.5 million in a Seed funding round, bringing its total funding to $10.2 million. The round was led by Link Ventures, with participation from lool VC and Alumni Ventures.
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Key Takeaways From the 2026 ALTA/NSPS Land Title Survey Standards for Commercial Real Estate Transactions
The joint committee of the American Land Title Association and the National Society of Professional Surveyors released its regular five-year update of survey standards, effective as of February 23, 2026. These "Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys" dictate what must be taken into account and included on an ALTA/NSPS Land Title Survey, which is the baseline in land surveys used by purchasers, lenders, and title insurers. All surveys begun on or after February 23, 2026, should reference and comply with the 2026 standards in place of the 2021 standards.
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Court strips title agency's E&S coverage after months of total silence
The dispute grew out of an earlier lawsuit in the same court, where Doma Title Insurance, Inc. and Rehabit DC, LLC accused Lexicon and Brown of mishandling a real estate closing in the District of Columbia. According to the underlying complaint, Rehabit bought a property encumbered by a deed of trust for $154,800. Lexicon, acting as a "limited agent" for Doma, handled the closing and issued an ALTA Combined Final Settlement Statement showing that $199,505.60 of Rehabit's funds had been used to pay off that deed of trust. But the servicer later told Doma the lien had never been paid and that the balance had grown to $250,931.05.
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