LPS reaches robo-signing settlement with investors
Lender Processing Services Inc. has agreed to a settlement with investors, settling claims that LPS misled investors about robo-signing and other improper practices in connection with foreclosures. Read on to find out more about the settlement.
Effective employee oversight — from hiring and beyond
While every attorney and every title agency owner has faith that the people they hire are trustworthy and able to do the task before them, it is critical to maintain a level of awareness of the employees in your office and the business they are conducting. During the Attorneys Title Insurance Fund’s 49th Annual Assembly, Margaret Williams, Fund risk manager, provided tips for how to provide that level of awareness, from pre-hire throughout the staff member’s employment.
Taxing authorities go after new owners for unknown taxes
Years after a title company didn’t encumber the entire property being
sold to a Texas couple, the couple, and the former owner, were sued by
several taxing authorities to collect delinquent property taxes for the
years the couple owned the property. The couple then sued the title
company for negligence. Read on for more details.
Homeowner argues UPL, notary law violations void mortgage
A Massachusetts homeowner sought the dismissal of her mortgage in bankruptcy, arguing, among other things, that the mortgagee engaged in the unauthorized practice of law when conducting her closing and that the person who notarized her mortgage did so outside her presence, in violation of a state executive order. Read on to find out what happened when the court heard the case on the bank’s motion to dismiss.
Major UPL case ends with whimper
A case that, two years ago, was much watched as the Massachusetts Supreme Judicial Court provided guidelines as to what is considered the unauthorized practice of law in the real estate conveyancing process, has ended in federal district court with the granting of an unopposed motion to dismiss. Read on to find out more about what has happened in the case, REBA v. NREIS.
Is bank responsible for theft by title agent customer?
Should a bank be responsible for the misappropriation of funds held in escrow by a title agent customer? The U.S. District Court for the Eastern District of Wisconsin issued an opinion in a case seeking to answer that question. After discovering its agent had misappropriated escrow funds, a title insurer sued the bank where the agent held its escrow funds, arguing the bank knew or should have known about the theft.