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  Title agency argues fourth suit barred by res judicataWednesday, June 12, 2019 A law firm and its affiliated title agency moved to dismiss a third-party suit from the owner of New Orleans property, arguing that the owner’s claims are barred by res judicata. The owner was unable to develop the property as planned after third parties won a suit against it, enforcing a 1985 zoning ordinance. The owner had filed suit against the title company and/or law firm three previous times. Read on for more details. |
 Foreclosed owner sues sheriff for title charges Wednesday, June 12, 2019 After her property was foreclosed upon and sold at a sheriff’s sale, the former owner of Philadelphia property went about the procedure to receive the excess proceeds from the sale. When she got the proceeds, the attached breakdown of costs included a charge for a title insurance policy. She filed a class action complaint against the sheriff, alleging that the sheriff imposed procedures not required by state rule on her and other foreclosed upon homeowners. Read on for more details. |
 Texas adopts privacy amendments, creates council Wednesday, June 12, 2019 The Texas Legislature has adopted a bill to amend its statute relating to the privacy of personal identifying information and breach notifications and created the Texas Privacy Protection Advisory Council. Read on for more details. |
Michigan considering foreclosure notice changes Wednesday, June 12, 2019 The Michigan Legislature is considering a bill that would amend the Revised Judicature Act to require a notice of foreclosure by advertisement to include certain new information. Read on for more details.
Title insurance rate bill signed by governorWednesday, June 12, 2019 Texas Gov. Greg Abbott signed legislation regarding hearings concerning title insurance rates and other matters relating to regulating the business of title insurance. The bill goes into effect Sept. 1. Read on for more details.
Illinois businessman indicted for bank fraud, ID theftWednesday, June 12, 2019 A north Illinois suburban businessman has been indicted on bank fraud and identity theft charges for allegedly fraudulently obtaining millions of dollars in mortgage and vehicle loans and using stolen identities to secure credit from financial institutions. Read on for more details.
 Closing requirement bill passes Connecticut General Assembly Monday, June 10, 2019 The Connecticut General Assembly has passed a bill to prohibit anyone other than attorneys from representing the legal interests of parties to real estate closings concerning real property in the state and prohibit mortgage lenders from inducing or requiring prospective mortgagors to use preferred attorneys or law firms to represent the mortgagors in proposed mortgage loan transactions concerning real property in Connecticut. Read on for more details.
 Title insurer seeks claim on guaranty of mortgage Monday, June 10, 2019 The president of a company that purchased property in Houston filed a guarantee agreement promising to be responsible for his company’s obligation under the note if his company defaulted. The company defaulted and a superior lienholder foreclosed on the property. The lender’s title insurer, as the lender’s subrogee, sued the company president as guarantor of the loan. After the title insurer successfully moved for summary judgment, the company president appealed. Read on for the appellate court’s decision.
 Lender seeks reformation of deedMonday, June 10, 2019 A lender filed suit against several parties, seeking to quiet title and reform a deed conveying real property on the grounds of mutual mistake when the agent of the buyer mistakenly was identified as the grantee on the deed rather that the buyer. Read on for more details.
Illinois bill provides authority to discipline against referring business Monday, June 10, 2019 The Illinois General Assembly is considering a bill that would give the secretary of Financial and Professional Regulation the authority to refuse to issue or suspend or revoke a certificate of authority, registration or license under the Title Insurance Act or discipline the holder of such for referring a consumer to another producer of title business on the express or implicit condition that the producer of title business to whom that consumer is referred use a particular title insurance company or title insurance agent. Read on for more details.
New Jersey men admit to short sale fraudMonday, June 10, 2019 Two Bergen County, New Jersey, men have admitted their respective roles in a scheme to defraud financial institutions and others. Read on for more details.
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