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Ninth Circuit rules on access to maintenance road after eminent domain
Posted Date: Monday, June 5, 2023
The Ninth U.S. Circuit Court of Appeals recently ruled in a dispute concerning access to a maintenance road on land that had been taken by eminent domain by the federal government. Decades after the eminent domain, and after the County of Santa Barbara, Calif., put a fence to block the road, the owner of adjacent property sued for access.
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New Jersey takes action against MV Realty
Posted Date: Wednesday, June 14, 2023
New Jersey Attorney General Matthew Platkin and New Jersey Department of Banking and Insurance Commissioner Marlene Caride filed a complaint against MV Realty and its principals, alleging it deceived customers and made misrepresentations regarding its Homeowner Benefit Program.
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Lawmakers seek clarity regarding beneficial ownership reporting requirements
Posted Date: Monday, June 12, 2023
Several U.S. Representatives sent a letter to Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das and U.S. Treasury Secretary Janet Yellen demanding FinCEN outline its plan for educating small businesses about their reporting responsibilities as they pertain to the agency’s forthcoming beneficial ownership proposed rule.
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Pennsylvania considers discharging discriminatory covenants
Posted Date: Wednesday, June 7, 2023
The Pennsylvania General Assembly is considering legislation to provide for the discharging of discriminatory real estate covenants and establishing the Unlawful Restrictive Covenant Discharge Reimbursement Fund.
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Lien holders dispute sheriff’s sale, payment of proceeds
Posted Date: Wednesday, June 14, 2023
When the owner of a townhome in Wilmington, Del., passed away, her property was subject to two mortgages. Additionally, her estate failed to pay condominium fees owed the homeowners association (HOA). A sheriff’s sale was conducted on the HOA’s fees and another on the junior mortgage. The same entity purchased the property at both sales and transferred its interest to the senior mortgage lien holder. The buyer and senior lienholder filed motions to set aside the second sheriff’s sale and to enforce payment of the proceeds in the ensuing suit.
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Utah safeguard rule amendments go into effect
Posted Date: Wednesday, June 14, 2023
The Utah Insurance Department adopted amendments to R590-216, Standards for Safeguarding Customer Information. The amendments went into effect June 9.
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Insurer sues agent for negligent performance
Posted Date: Monday, June 12, 2023
A title insurer sued its title agent for the agent’s negligent performance of duties, conversion of funds, the fraudulent issuance of policies and the refusal to indemnify the insurer for losses the insurer incurred because of the agent’s actions. The insurer eventually moved for default judgment.
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Owners sue former owner’s lender to quiet title
Posted Date: Wednesday, June 7, 2023
A couple previously sold their home to their daughter’s godfather. The godfather obtained a loan from a lender to complete the purchase. The godfather later sold the property back to the couple, promising he would clear the property of any and all liens. He did not and in fact defaulted on the loan. The lender purchased the property at a foreclosure sale and the couple filed a quiet title suit against the lender.
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October Research awards recognize industry’s elite
Posted Date: Wednesday, June 7, 2023
This year’s winners of October Research, LLC’s annual awards for Leadership, Innovation and Philanthropy include a forward-thinking employer, a title-decisioning pioneer, and a fisherman-turned-fundraiser.
CEO and Publisher Erica Meyer presented the awards at the 19th annual National Settlement Services Summit (NS3).
Read on to learn who received this year’s awards.
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Make a Child Smile brightens school year for families in crisis
Posted Date: Wednesday, June 7, 2023
For 10 years, attendees at the National Settlement Services Summit (NS3) have helped make a positive impact on each host city by participating in Make a Child Smile. This year, attendees at the Hyatt Regency at The Arch in St. Louis filled hundreds of bookbags with school supplies for children at the Saint Louis Crisis Nursery. Read on for more.
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Oklahoma adopts certified copy legislation
Posted Date: Wednesday, June 7, 2023
Oklahoma Gov. Kevin Stitt signed legislation permitting certified copies to be made in accordance with the Uniform Real Property Electronic Recording Act and allowing fees to be charged for certified records in accordance with certain fee schedules.
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Nebraska passes bill eliminating on-site review requirement
Posted Date: Monday, June 5, 2023
The Nebraska Legislature passed legislation to, among other things, eliminate the requirement that an annual review of a title insurance agent’s practices by a title insurer be done onsite. The bill awaits the governor’s signature.
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Two sentenced for New Jersey real estate investment scam
Posted Date: Monday, June 5, 2023
New Jersey Attorney General Matthew Platkin announced the sentencing of two Atlantic County, N.J., men who had pleaded guilty after producing fake deeds for Atlantic City properties in order to scam real estate investors out of more than $500,000 dollars.
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