This course discusses the basics of Florida Construction Lien Law and the company’s underwriting guidelines. You will learn about:
- Notice of Commencement
- Notice of Termination
- Claims of Lien
- Tranwsfer of Liens to Bonds
- Priority of Contract
- General and Sub Contractors
Presenter: Barry Scholnik
Vice President / Florida Underwriting Counsel
A title industry veteran with more than 30 years of experience, Barry serves as vice president, underwriting counsel. After earning his B.A. from Emory University and his J.D. from the University of Miami, he managed a title company in Palm Beach County and served as underwriting counsel for two national title insurance underwriters. Barry joined Stewart Title Guaranty Company in 1995 as state counsel for Florida and the U.S. Virgin Islands before taking his current position.
Barry is admitted to the Florida Bar and belongs to the organization’s Title Insurance Committee and Real Property, Probate & Trust Law Section. He is a past president of the Florida Land Title Association (FLTA) and a former chairperson of the FLTA Insurers section. In 2011, he was honored by the FLTA with the annual Raymond O. Denham Memorial Award.
Housing continues to take shape, various hurdles remain: MBA | HousingWire.
This article bemoans the fact that there is “an absence of leadership in regards to the future of the government-sponsored enterprises and government reform.” I’m not sure that a lack of government involvement isn’t a good thing.
Learntitle’s Rate Manual Course has been updated to include changes made to the manual the first of April of this year. Don’t wait until your license is about to expire before taking all your CE credits. Enroll in this one today, get 3 credits and keep up to date on the rates.
Full article here . . .
The number of recording jurisdictions that are electronically recording (e-recording) documents reached the 900 mark in April, according to Kay Wrucke, recorder, Martin County, Minn., and president of the Property Records Industry Association (PRIA).
“This milestone is particularly meaningful because ‘900’ represents approximately 25 percent of the total number of recording jurisdictions in the country,” Wrucke said.
According to PRIA’s tracking system, it took from the late 1990s until August 2006 to reach the 200 eRecording counties mark. More than 1,000 counties are expected to be electronically recording documents by the end of 2013.
“Between June 2012 and April 2013, the number of counties committing to the eRecording process increased by 9 percent,” said Washoe County (Nev.) Recorder and PRIA Technology Committee Co-chair, Larry Burtness. “As the PRIA eRecording standards continue to mature, the number of counties leveraging this technology continues to expand.”
Full article here . . .
Take a look at the ALTA Group on Linkedin. There is a good discussion there about how the CFPB will be taking a closer look at title agencies and there relationships with banks. Click here to read the discussion
If you want to download a copy of the Bulletin, Click Here
Chief Economist at Stewart Title says the recession is over. Good to hear.
From Ted Jones at Stewart blogs
While there are several definitions of a recession (a period of several months in which economic activity declines), I define a recession as an extended period when the country has job losses. Jobs are everything to the economy. Period. And when it comes to housing, other than retirees (which I call blue hairs, gray hairs and no hairs), very few people buy a home without a job. And I have gray hair, so my term is not derogatory. Retirement for me is hopefully a decade off.
The GREAT news is that, in the prior 12 months, from the end of January 2012 to the end of January 2013, not one state lost jobs. And I define losing jobs as more than 500 net job losses since I do not believe that the resolution of counting jobs is that precise. This now makes nine times in the past 17 months that no state lost jobs, assuming that 500 number. Hence a genuine trend.
Sales of previously owned homes reached an annual rate of nearly 5 million in February, the strongest pace in more than three years.
The report Thursday from the National Association of Realtors was the latest sign of a housing recovery that has become a major positive force for the economy.
This article is a good summary what you need to ask yourself if there is a chance of a RESPA violation. The article comes from Raealtor Mag
A home sale cannot be conditioned on the use of a specific title insurance company. Violators can face stiff penalties.
It’s not unusual for a listing agent to have a favorite closing agent and want the buyer to close the transaction using that agent, along with the agent’s title insurance and settlement services. What many practitioners don’t realize, however, is that Section 9 of the Real Estate Settlement Procedures Act prohibits sellers from conditioning the home sale on the use of a specific title insurance company, and in fact violators can be subject to penalties, with the most -typical being a fine of up to three times the amount of the title insurance fee.
Examination of title to Florida real property, ranging in complexity, to determine status and to establish chain of title;
- Abstract and analyze deeds, deeds of trust/mortgages, easements, judgments, tax assessments, mineral reservations, and other applicable instruments;
- 4+ years title experience;
- Ability to work in an accurate, detail-oriented and highly productive manner;
- Working knowledge of basic real estate title concepts;
- Foreclosure title experience a plus;
- Working knowledge of legal documents and how they affect title to real property;
- Familiarity with title insurance commitment and policy format and all procedures required to prepare same—including abstracting, title examinations, survey analysis, etc.;
- Familiarity with ATIDS; DataTrace/DataTree; General PC Proficiency; Microsoft Office Suite; Internet Explorer;
- Familiarity with sectional and metes and bounds legal descriptions;
- Ability to perform basic mathematical calculations and tasks requiring detail, concentration, and accuracy;
- Ability to communicate professionally, both verbally and in writing;
- Ability to work both independently and contribute in every aspect to a team environment.
- Verifying ownership and encumbrances of real property;
- Preparing professional reports;
- Reviewing reports for accuracy.
See Post Here
From Business Insider
We have seen it for several years now: foreclosure sales—there were 5 million since the peak of the housing bubble—have become the hunting grounds for investors with two goals: hanging on to these homes until the Fed’s flood of money drives up their value; and defraying the expenses of ownership by renting them out. And funds have a third goal: collecting management fees.
Read more: http://www.testosteronepit.com/home/2013/3/18/housing-bubble-ii-but-this-time-its-different.html#ixzz2OR8rvYgw