|
|
  Seventh Circuit rules on enforceability of misspelled tax lien Wednesday, April 24, 2019 The United States sought to enforce a tax lien on property in Mundelein, Lake County, Ill. The lien did not spell the debtor’s name correctly or include a legal description or permanent index number for the property, but was identifiable by the address. The debtor had passed away and his heirs conveyed their interest to a land trust company. When the government sought to foreclose on the tax lien, the company moved for summary judgment, arguing that the lien was unenforceable. Read on for more details. |
 NS3 Preview: Technology the future of compliance managementWednesday, April 24, 2019 Attorneys Sean Burke and Marx Sterbcow have worked closely with regulators, having been involved representing an individual or company in a number of title-related cases that agencies have brought.
The highlight of their lessons: That technology is the way forward for compliance management in the industry.Burke and Sterbcow will be speaking at the National Settlement Services Summit (NS3) this summer in Phoenix on “Compliance Management Systems for Tomorrow.” Read on for a session preview. |
 North Carolina considering Notice of Settlement Act Wednesday, April 24, 2019 The North Carolina General Assembly is considering a bill titled the Notice of Settlement Act, designed to modernize the law governing the transfer of a legal or equitable title to real property “by providing advance notice of transactions and facilitating electronic recording of documents, and disbursement of funds in connection with the settlement of real property transactions.” Read on for more details. |
IC3 annual report shows continued Internet-enabled theftWednesday, April 24, 2019 The FBI’s Internet Crime Complaint Center (IC3) released its annual report for 2018. The statistics gathered by IC3 show that Internet-enabled theft, fraud, and exploitation remain pervasive and were responsible for a staggering $2.7 billion in financial losses in 2018.
New York considers flood insurance limits Wednesday, April 24, 2019 The New York Assembly is considering a bill that would prohibit mortgagees from requiring mortgagors of certain real property to purchase flood insurance exceeding certain limits. Read on for more details.
 Illinois attorneys ordered to halt inducement practices Friday, April 19, 2019 In three separate orders, the Illinois Department of Financial Services has ordered Illinois agents to cease and desist from practices it considers illegal inducements for business under the state’s title insurance act and RESPA. Read on for more details.
 Texas considers certificate of authority bill Friday, April 19, 2019 The Texas Legislature is considering a bill regarding certificates of authority that identify who has the authority on behalf of a partnership or corporation to sell property. Read on for more details.
 Homeowner seeks to stop assignee from foreclosure Friday, April 19, 2019 After meeting the terms of a temporary mortgage modification, a Michigan homeowner believed the loan modification would become permanent. However, the assignee in charge of the loan after the modification agreement was made denied the permanent modification because of federal tax liens on the property and moved for a foreclosure sale.The homeowner eventually moved in court for summary disposition in her favor. Read on for more details.
Alabama amends mortgage satisfaction act expansion Friday, April 19, 2019 The Alabama House Financial Services Committee provided a substitute for HB 218, which seeks to expand the state’s mortgage satisfaction act to non-residential mortgages. Read on for more details.
Montana looks to revise tax lien, tax deed lawFriday, April 19, 2019 The Montana Legislature is considering a bill that would revise the tax lien and tax deed laws in the state. It would specifically revise the tax lien and tax deed process for residential, agricultural and forest property with a dwelling. Read on for more details.
Prison ordered for email compromise fraudFriday, April 19, 2019 A Houston man was ordered to prison after being convicted of conspiracy to commit wire fraud. A co-defendant who was a Nigerian citizen pled guilty in October to hacking into victims accounts and sent what appeared to the victims to be legitimate emails from banks or title companies, who then transferred money into accounts they controlled. Read on for more details.
 Insured lender sues E&O provider over title agency’s claimWednesday, April 17, 2019 A national bank filed suit against a title agent’s insurance provider for failing to provide coverage to the agency arising out of a lawsuit filed by the bank against the title agency and others to recover losses as a result of a mortgage fraud scheme. Read on for more details.
|
|