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  Rhode Island man charged for targeting real estate attorneyMonday, July 15, 2019 A Rhode Island man was charged in federal court in Boston in connection with a conspiracy to launder funds derived from business email compromise fraud schemes, including one that targeted a Dorchester real estate attorney. Read on for more details. |
 Third party alleges fraud in real estate closingMonday, July 15, 2019 In a case involving alleged real estate fraud 15 years ago, a third-party defendant sought summary judgment on allegations against one of the New York real estate attorneys which represented her at closing.
The allegations allege that the real estate attorney, along with another attorney and a title underwriter, misled the buyer into believing she could purchase property from sellers who did not have good title.
Read on for more details. |
Illinois passes good funds amendment Monday, July 15, 2019 A bill that would amend the Illinois Title Insurance Act to provide that the definition of good funds includes a check drawn on the fiduciary trust account of an independent escrowee awaits the governor’s signature. Read on for more details.
 Nevada Supreme Court addressees HOA lien foreclosure dispute Wednesday, July 10, 2019 When a homeowner fell behind in their homeowners’ association dues, the HOA foreclosed its lien and sold it to a third party. Despite believing it had provided the required notice to the holder of the first priority lien, it had not. A district court still held that the lien foreclosure sale extinguished the first deed of trust, holding that the first deed of trust holder was not entitled to notice at the address specified in the deed of trust. The case eventually went before the Supreme Court of Nevada. Read on for more details.
 Industry associations launch coalition to fight wire fraud Wednesday, July 10, 2019 On June 28, the American Land Title Association, joined by the American Escrow Association, Real Estate Services Providers Council, and the Community Mortgage Lenders of American, launched the new Coalition to Stop Real Estate Wire Fraud. Read on for more details.
 Florida reminds agents of potential open house issues Wednesday, July 10, 2019 In the June 2019 issue of Florida’s Division of Insurance Agent and Agency Services’ Insurance Insights, the division provided guidance regarding title agent involvement in real estate open houses. Read on for more details.
California considers asset requirements Wednesday, July 10, 2019 The California General Assembly is considering a bill that would increase the amount of current assets an underwritten title company is required to maintain in excess of its current liabilities. Read on for more details.
California agent indicted for stealing downpaymentsWednesday, July 10, 2019 A California real estate agent was indicted on charges of wire fraud, mail fraud and money laundering in connection with a scheme to defraud clients of downpayments. Read on for more details.
Four indicted for HELOC fraud Wednesday, July 10, 2019 Four men have been indicted for carrying out a scheme to use phony information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit. Read on for more details.
 FTC details framework in data security settlements Monday, July 8, 2019 The Federal Trade Commission on July 2 announced two separate data security related settlements. Both settlements spell out in detail the requirements for creating a secure system for protecting nonpublic personal information. Read on for more details.
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