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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

For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

eNotes contain the same information as a traditional mortgage note – on paper – but they are created, signed and stored digitally. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs. The post Two Southern banks complete mortgage eNote transfer appeared first on HousingWire.

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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. Instead, ALTA warns that due to the risks posed by AOL coverage, using an AOL may cost a consumer more in the long run. “It

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

Zillow

You can only deduct mortgage interest and repairs you make that restore the property to its original minimally functional condition. Expect to pay property taxes to local and county governments each year. Watch for opportunities to take deductions for these common real estate investment expenses: Mortgage interest.