Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

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Lending Insurance Legal Business 311

Housing Wire

JULY 21, 2023

The news was first reported by legal website Top Class Action. The data compromised included “names, addresses, phone numbers, dates of birth, social Security numbers, passport numbers, driver’s license numbers, credit card information, bank account information and/or medical or insurance information,” the lawsuit says.

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Housing Wire

JULY 22, 2021

Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., Earlier this month, North American, once the title insurance arm of homebuilder Lennar , hired Margaret Redman as director of national commercial services and senior regional underwriting counsel.

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Insurance Agents Legal Training 395

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Real Estate Agent Real Estate Agents Insurance 428

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.

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Brokerage Mortgage Development Insurance 342

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. That’s according to four former employees and company registration documents reviewed by HousingWire. Shocked employees didn’t receive their last paychecks. “How is that even possible?

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Mortgage Investors Legal Loan Officers 395

Housing Wire

MAY 4, 2021

. “And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Currently, 32 U.S. states allow full eClosings. RON bills have also been introduced in several other states, and at the federal level.

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Tools Human Resources Technology Real Estate 257

Housing Wire

OCTOBER 24, 2023

Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team. ” However, if an MLS didn’t want to adopt a mandatory NAR rule, the MLS would lose its NAR-provided errors and omissions insurance, Gansho said. Glass returned to the floor after Ketchmark to ask Goldberg to clarify a few points.

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Housing Wire

NOVEMBER 9, 2020

In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles.

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Law Legal Technology Real Estate 436

Housing Wire

SEPTEMBER 30, 2021

Stavvy enables digital transformation by helping organizations navigate complex financial and legal transactions easily and safely, which allows organizations to put customer experience at the forefront. It can intake documents from multiple sources as well as handle signings and annotations.

Real Estate 279

Real Estate Design Lending Agents 279

Housing Wire

JANUARY 11, 2023

Those who aren’t really familiar with the settlement services industry tend to think of a title agency as, more or less, the business that makes the closing happen and delivers a title insurance policy. Some use their inbox as de facto storage for such information until the time is right to enter it into the proper documents.

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Agents Technology Insurance Business 366

Housing Wire

AUGUST 10, 2020

In its July 21, 2020, statement of charges, NYDFS alleged that First American Financial, one of the country’s largest title insurers, failed to properly respond to a security vulnerability on its website. NYDFS seeks civil monetary penalties that could leave First American exposed to millions in liability.

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Training Legal Mortgage Insurance 370

Housing Wire

JUNE 27, 2023

The list includes potential irregularities regarding the Community Development Financial Institutions ( CDFI ) regulations, specifically a rule requiring lenders to provide annual documentation attesting that 60% of their loans go to the target markets certified by the U.S. Department of Treasury.

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Investors Law Insurance Lending 307

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

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Business Law Real Estate Investors 452

Eppraisal

FEBRUARY 14, 2023

Property Title Property title is the legal term used to say someone has legal ownership to a property and that they have rights to use the property. Taking title is a concept, not a document. When you close on a home, you will not receive a title document. Buyers "take title" to a home.

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Housing Wire

JANUARY 18, 2024

Myers, a former employee, and her new employer, Settlor, had taken, used and destroyed hundreds of Qualia’s confidential documents and proprietary materials. The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took.

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Contracts Government Business Marketing 376

Housing Wire

SEPTEMBER 9, 2020

We recognized the potential of the Notarize platform and have worked with their team to tackle the legal and technical barriers to RON,” said Don Casey, president and CEO of Realogy Title Group. The increased adoption of RON is being driven by more tech-focused lenders , Casey noted in an interview.

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Insurance Legal Brokerage Agents 322

Housing Wire

JULY 28, 2023

According to the document, Sprout has “nearly fully complied with the terms of the class settlement agreement, but for the last $300,000 payment.” The company also canceled health insurance coverage retroactively to May 1, resulting in several lawsuits against the lender. million and has started a new mortgage company.

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Appraisal Hub

NOVEMBER 30, 2023

provide the necessary documentation to facilitate this process. Appraisal firms in Toronto can offer unbiased valuations that are essential for legal and financial planning, ensuring fair distribution of assets. Additionally, insurance companies often require appraisals to determine coverage amounts.

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Appraisal Property Taxes Valuation Market Value 78

Housing Wire

JUNE 6, 2023

The document states that Sprout will pay $3.5 The company also canceled health insurance coverage retroactively to May 1, resulting in several lawsuits against the lender. A judge has yet to approve the deal. million to over 800 ex-workers for unpaid wages, per the parties’ agreement.

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Clients Mortgage Insurance Investors 282

Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

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Movoto

APRIL 24, 2024

Further, using Google Drive will allow you to easily and securely coalesce documentation in an accessible location. It protects both you and your tenant by outlining responsibilities, expectations, and legal obligations. You can also find a slew of documents on the web you can edit to your liking.

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Tenants Landlords Logistics Insurance 36

Eppraisal

OCTOBER 23, 2023

Your offer will only become legally binding if the seller signs it. Once the document has signatures from both parties, do the following to see the agreement through: Deposit Earnest Money Pay an earnest deposit — 3% to 5% of the selling price — to show you’re serious about the purchase.

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Real Estate Agent Sellers Inspection Real Estate 69

Housing Wire

OCTOBER 7, 2021

In her lawsuit, filed in California Superior Court in Orange County, Richards also alleged that the company closed thousands of loans without proper documentation. The company was accused of falsely certifying that certain loans qualified for Federal Housing Administration (FHA) mortgage insurance. million settlement fee to the U.S.

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Insurance Mortgage Clients Development 283

Housing Wire

JUNE 11, 2021

During closing, buyers sign several legal documents and pay additional fees, some of which are recurring costs like property tax. Before being handed keys to their new home, buyers have to go through the closing process, which finalizes the home purchase.

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Inspection Appraisal Buyers Appraisal Process 427

Eppraisal

OCTOBER 13, 2023

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. Be sure to factor in all associated costs, including mortgage interest, property taxes, and insurance. Additionally, factor in a contingency for unforeseen expenses.

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Investing Property Taxes HOA Real Estate 69

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Title and Insurance. Title insurance is outlined here which provides a crucial safeguard against potential property defects. Property Identification. Purchase Price.

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Contracts Real Estate Property Taxes Legal 36

Lamacchia Realty

MAY 9, 2023

A good attorney will make sure that all of the legal documentation is clear and correct, that all of the bases have been covered, and things that can help protect you are in place. Title Insurance: If you obtain a mortgage you will be required to purchase Title Insurance for the bank.

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Insurance Inspection Buyers Realty 72

McKissock

MAY 15, 2023

An online legal team such as Rocket Lawyer can provide templates for various legal documents, as well as personalized legal advice, for a monthly fee—usually less than $100. Business insurance is a must. They are usually inexpensive, but penalties for letting them lapse could be high.

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Business Appraisal Advertising Real Estate 71

Eppraisal

JULY 19, 2022

This means that both the buyer's and seller's attorneys will have that amount of time to look over the contract and propose any legal changes to the contract that they deem necessary. All correspondence is usually in the form or legal letters and emails. This is to make sure that everything is in writing and is documented.

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Real Estate Inspection Real Estate Agent Contracts 36

Housing Wire

MARCH 28, 2024

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing.

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HOA Property Management Real Estate Agent Technology 414

Cleveland Appraisal Blog

JUNE 18, 2022

Knowing what these additional components are is critical in making sure that the appraisal and ultimate value conclusion is appropriately documented, competent, non-speculative, and (most importantly) admissible to establish value and the just compensation to be paid.

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Appraisal Law Development Valuation 309

Raleigh Realty

FEBRUARY 19, 2022

They should also hold professional liability insurance which will cover you if the surveyor makes a mistake when surveying the property and goes over property lines. Hiring a professional surveyor is the only legally binding method to determine exactly where the property lines fall.

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Eppraisal

DECEMBER 28, 2021

This documentation includes a residential appraisal; proof of employment; pay stubs or income confirmation; bank and investment statements; insurance declarations; copies of photo IDs; and condominium information (if applicable). Assembling and confirming the validity of these documents is the job of a loan processor.

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Mortgage Home Value Insurance Loan Officers 68

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Other information on the land is there, too: square footage/acreage, legal address, assessed value and the last sales price, to name a few. Subsequently, the process of conveyance must proceed.

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Development Counter Offer Easement Legal 36

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 13 prevents a Realtor® from practicing law or recommending a lawyer to any party requiring legal counsel. Documents and funds must be protected.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

McKissock

OCTOBER 23, 2020

Insurance claims. Generally related to a casualty on the property, the insurance company and insured may dispute the amount to be paid on the settlement and require an appraiser to determine the impact on value due to the casualty loss. There is substantial demand for litigation support services to the legal community.

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Appraisal Insurance Legal Development 77