Hired by the Lender; Liable to the Buyer?
In some states, an attorney title examiner may have a duty to a property buyer to show all title defects to the buyer, even if the attorney was hired by a mortgage lender, not the buyer—especially...
View ArticleCoreLogic: House Prices Up 6.3%
CoreLogic, a leading housing data provider, has released its CoreLogic Home Price Index data for December 2015, which shows home prices are up 6.3% annually.
View ArticleOld Republic Creates Specialized Commercial Services Division
Old Republic National Title Insurance Company (ORNTIC) has announced the formation of Old Republic Specialized Commercial Services, a business division of its National Services Group.
View ArticleChronos Solutions Acquires Commerce Title
Chronos Solutions, a national real estate financial services provider, has acquired Commerce Title and Closing Services, LLC (Commerce Title) from parent company Ten-X, LLC (formerly Auction.com, LLC).
View ArticleMBA: Mortgages Were Harder to Get in January
Mortgage credit became harder to get in January, according to the Mortgage Bankers Association 's Mortgage Credit Availability Index.
View ArticleMBA Weekly Report: Mortgage Applications Decrease Slightly
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 29,...
View ArticleDo Mandatory Title Search Laws Protect Consumers from No-Search Title Insurance?
A number of states have statute that state a requirement that a title search and examination be performed before a title insurance policy is issued. But do these statutes really have any real-world...
View ArticleBlack Knight: Home Prices Up 5.5%
House prices are up 5.5% year over year, according to the latest Home Price Index from Black Knight Financial Services.
View ArticleNAR: Pending Home Sales Ticked Up in December
Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major regions, according to the...
View ArticleeRecording Begins in Counties in Alabama, Georgia, North Carolina
Simplifile, the nation’s largest electronic recording (e-recording) service, is now available in Madison County, Ala., White and Meriwether counties in Georgia, Ellis County, Kan., and Columbus...
View ArticleMBA Weekly Report: Mortgage Applications Rise on Dip in Mortgage Rates
Mortgage applications increased 8.8 percent from one week earlier,according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 22,...
View ArticleFirst American: Market Potential Unaffected By Know-Before-You-Owe
First American Financial Corporation has released its proprietary Potential Home Sales Model for the month of December 2015, which provides a gauge on whether existing-home sales are under or over...
View ArticleTransfer on Death Deed Transfers of Mortgaged Property
A mortgaged property was transferred by a Transfer on Death Deed, leading to a dispute between the estate and the grantee on the deed as to who was responsible for the mortgage debt.
View ArticleNAR: Existing Home Sales Rebound in December
Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year, and the delayed closings resulting from the rollout of the Know Before You Owe...
View ArticleALTA Designates Priority Search Services as Elite Provider
The American Land Title Association(ALTA) has announced that Priority Search Services has been named an ALTA Elite Provider.
View ArticleNAR: Home Prices Increased in 81% of US Metropolitan Areas in Q4
A moderating pace of sales had little impact on the trajectory of home prices during the final three months of the year, which picked up speed and showed continued growth in most of the U.S.,...
View ArticleCoreLogic: Foreclosures Down Over 20% Year over Year
Housing data provider CoreLogic has released its December 2015 National Foreclosure Reportwhich shows the foreclosure inventory declined by 23.8 percent and completed foreclosures declined by 22.6...
View ArticleRealtyTrac: 2015 Home Sellers Realize Highest Gains Since 2007
Housing data provider RealtyTrac has released its Year-End 2015 U.S. Home Sales Report, which shows that U.S. home sellers in 2015 realized an average price gain since purchase of 11 percent...
View ArticleMBA Weekly Report: Refinances Surge on Lower Rates
Mortgage applications increased 9.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 5,...
View ArticleTitle Abstractor Liability for Negligence in Ohio
I have written several articles in the past on abstractor liability in various scenarios. In this article, I will describe the general landscape of abstractor liability in one state—Ohio—in order to...
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