Mortgage Note NOT Assigned to Foreclosing Lender?! OOOPS -It’s all in the Details

by | May 20, 2015 | Abstracting/Searching, Affiliated Title businesses, Closing, Education, Foreclosure, Industry News, Land Title Technical Stuff, MERS, mortgage, Real Estate Law

Interesting case out of Alabama.  See more detail. Her mortgage had been foreclosed, but the mortgagor challenged the foreclosure by appeal, saying the lender who foreclosed had no legal interest because the note was not properly assigned. The appeal court agreed and...

MN ABSTRACTOR LICENSE RENEWALS HAVE CHANGED

by | May 17, 2015 | Education

IMPORTANT REMINDER THE ABSTRACTER LICENSE RENEWAL PROCESS HAS CHANGED For corporate licenses, a renewal ID is no longer needed; instead, you will need a user name and password. Detailed instructions for creating a user name and password are found on the second page of...

Can You Prove the Dates Required Under TRID?

by | May 12, 2015 | CFPB, Closing, Education, FHA/HUD, FNMA /Fannie Mae, Fraud, Government Oversite, Industry News, Just for Fun, mortgage, RESPA, TRID Truth in Lending RESPA Integrated Disclosure

Excellent article for title companies, and especially smaller title agencies by Aaron Prenger of Spencer, Fane, Britt and Browne, called” Snail Mail: a Whale of a fail…”  pointing out the importance of title copanies and lenders proving the dates...

New Construction Homes – Are You Getting the Right Indemnities

by | May 3, 2015 | Affiliated Title businesses, Captive Title Insurers, Closing, Commonwealth Land Title, Education, Fraud, Industry News, Insurance, Land Title Technical Stuff, New Construction Homes, Title Insurance

Interesting case regarding new construction law. Although out of a Missouri Court, the takeaway still applies. When obtaining a Sworn Statement from a Builder stating that all subcontractors have been paid, do you also obtain a personal indemnity? Do you know the...