Remove 2004 Remove Insurance Remove Legal Remove Mortgage
article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

Insurance 473
article thumbnail

Remote online notarization is the proper path forward for digital closings

Housing Wire

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

Law 441
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. Nary an eye was blinked – much less legal action was taken – over these brokerage’s business moves. Some agents, like ones at RE/MAX , even pay the brokerage fees for office space and marketing tools.

Business 370
article thumbnail

What is a 1031 Exchange? A Beginner’s Guide

Property Metrics

For example, a property with a market value of $1MM and a mortgage of $250M must be exchanged into a new property worth at least $1MM with a $250M mortgage. IRS Ruling 2004-86 allows for the exchange of sales proceeds into something called a Delaware Statutory Trust (DST). What is a Delaware Statutory Trust?