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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. Attorneys for Hild and the government have been at odds for the better part of a year over restitution.

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ALTA: Protecting property rights with title insurance

Housing Wire

Much of the expense is invested in the efforts of land title professionals to review the title and purchase title data from local governments. Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer.

Insurance 460
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Two Southern banks complete mortgage eNote transfer

Housing Wire

Elaine Marshall, North Carolina Secretary of State, described it as a “win-win-win for home buyers, the business sector and the government sector in making the mortgage closing process less time consuming, less stressful, and even more secure.” Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

Mortgage 356
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Title insurers reckon with attorney opinion letters

Housing Wire

Since the government sponsored entity’s announcement, the American Land Title Association has taken a strong stance against AOLs and other title insurance alternatives.

Insurance 389
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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

Expect to pay property taxes to local and county governments each year. Your local government will assess the market value of your property at its "highest and best use" and charge you a percentage of that value every year. Legal fees related to your investment properties or business. Advertising fees.

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Streamlining subsidies to build more affordable housing

Housing Wire

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. Every state in the nation is impacted by this demand-supply imbalance.