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Freddie second-lien decision derided by opponents
While Freddie Mac is pleased the Federal Housing Finance Agency granted conditional approval to the second lien purchase program, some of the opponents reiterated their unease over this decision.
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As Walgreens, CVS and Rite Aid Close Stores, Property Owners Mull Selling Versus Leasing
For wealthy individuals who own properties occupied by Walgreens, CVS and Rite Aid, a broker who specializes in the niche has a warning: Don’t get stuck with an empty drugstore and no replacement tenant. The three largest U.S. drugstore chains are closing thousands of locations nationwide as consumer preferences and shopping habits change. Walgreens Boots Alliance delivered the latest news, saying last week that it’s reviewing whether to close about 2,150 underperforming U.S. locations.
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A Swedish company sold Cleveland as a plum real estate deal. Investors and residents say they were left to clean up a mess
While scrolling through a Facebook group in 2017, a Swedish woman named Lena Jalke-Fehrm learned about a real estate opportunity in Cleveland. She didn’t know much about the city but recognized it from the sitcom “Hot in Cleveland.” Online, a company called Solid Capital Group said Swedes could buy American houses and generate “passiv inkomst:” passive income, a reliable stream of rent payments from halfway around the world.
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Law Firm White Paper Analyzes Insured Attorney Opinion Letters as Alternative to Title Insurance
Alita Group, a technology firm focused on reducing the cost of homeownership with innovative alternative solutions for the mortgage industry, is pleased to announce the availability of AOLPro™, its flagship platform. This SaaS solution enables title providers to produce insured attorney opinion letters (AOLs) with efficiency and scale, providing an affordable alternative to title insurance for consumers and mortgage lenders nationwide.
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The Supreme Court’s Overruling of Chevron is a Sea Change
On August 6, 2024, we will be holding a 90 minute webinar roundtable featuring 3 administrative law professors who are among the country’s leading experts on the Chevron Deference Doctrine.
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11th Cir. Holds Anti-Modification Provision in Bankruptcy Code Applies to Mixed-Use Real Properties
The U.S. Court of Appeals for the Eleventh Circuit recently held that the anti-modification provision in the federal Bankruptcy Code applies to loans secured by mixed-use real properties, such as the large parcel at issue here which functioned both for commercial use and as the debtor’s principal residence.
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Colorado Federal Court Rejects Insured’s Claim for Defense and Indemnity for Mechanic’s Liens
Northmarq Finance, a Nebraska limited liability company, had a title insurance policy with Fidelity National Title Insurance Company. Northmarq sued Fidelity seeking coverage under the policy after several subcontractors asserted mechanic’s liens on a construction project for which Northmarq was a lender. The District Court granted Fidelity’s partial summary judgment motion, relying on Exclusion 3(d) of the Policy barring claims arising post-policy. NorthMarq Fin., Ltd. Liab. Co. v. Fid. Nat'l Title Ins. Co., Civil Action No. 22-cv-2839-WJM-JPO, 2024 U.S. Dist. LEXIS 82342
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New lawsuit: Title company collected $1 million for ABC Capital transactions that never happened
A new lawsuit alleges that a now-defunct Lutherville title company collected about $1.1 million for real estate transactions arranged by ABC Capital that never took place. More than a year after it shut down, Castle Title hasn’t accounted for what happened to the money, according to the lawsuit.
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Understanding the Corporate Transparency Act: Implications for Marital Property and Beneficial Ownership [Wisconsin]
Wisconsin’s marital property laws impact compliance with the Corporate Transparency Act (the “CTA”). As discussed in other Ruder Ware CTA Focus Team insights, the CTA requires a “reporting company” to report information about its “beneficial owners” to the Financial Crimes Enforcement Network (“FinCEN”). The CTA defines a beneficial owner as “any individual who, directly or indirectly, exercises substantial control over a reporting company or owns or controls at least 25 percent of the ownership interests of a reporting company.”
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‘Encroachment for 100 years doesn’t give right to land’
[India]
Questioning whether an illegal possession of govt land even for 100 years can be justified, the Calcutta High Court on Friday threw some tough posers for several unauthorized dwellers of Helen Keller Sarani who have challenged their eviction by the Kolkata Port Trust (KoPT) and police.
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What Real Estate Businesses Need to Know About Using Website Tracking Technologies
Real estate businesses often operate multiple websites. These may include corporate websites, individual properties’ websites, and websites for their apps and ancillary service offerings. To maximize convenience and insights from those websites, real estate businesses use a variety of tracking technologies to better understand how visitors interact with their sites, in order to improve the sites and to develop and execute advertising and marketing campaigns.
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Whatcom Land Title CEO earns prestigious state award
Bill Ronhaar, CEO of Whatcom Land Title, recently received a rare state award from his industry.Ronhaar was presented a lifetime achievement award from the Washington Land Title Association, only the fourth time in its 119-year history that it has bestowed the award. Ronhaar previously received the Washington Title Professional designation from the WLTA and was named a national title professional by the American Land Title Association. Ronhaar, who has been leading Whatcom Land Title with integrity, vision and a people-first approach since 2014, has more than 50 years of title industry experience.
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South Side real estate professional spearheads initiative ‘project cool’ to keep seniors cool this summer
As temperatures rise and the summer heat becomes more intense, keeping our senior citizens safe and comfortable is more critical than ever. A dedicated South Side business owner and real estate professional, Ben Godina, along with his partner Amanda Casanova, is taking action to ensure our elderly community stays cool. G Partners & Realty, in collaboration with Good Samaritan Community Services, has launched “Project Cool,” a heartfelt initiative to distribute box fans to needy seniors throughout San Antonio.
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Title Agents Take Business to the Next Level | |
We're here to make the process simple and profitable for agents interested in growing their business by expanding into multiple states. We offer you one point of contact to streamline your options and solutions.
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Arborglyphs – Basque immigrant sheepherders left their marks on aspen trees in the American West
Throughout the mountains of the American West, carvings hidden on the trunks of aspen trees tell the stories of the sheepherders who made them as they passed through with their flocks. Most of the men who etched these arborglyphs into the living trees were Basques who, starting with the Gold Rush of the 1840s, had immigrated from the Basque Country that straddles the Pyrenees Mountains.
Read more [Contributed by Bill Collins, Frontier Abstract]
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The Family Photographs That Helped Us Investigate How a University Displaced a Black Community
The Johnsons are the center of a short documentary ProPublica released last year. The documentary, “Uprooted,” is part of an investigative project reported by Brandi Kellam and Louis Hansen, both of the Virginia Center for Investigative Journalism at WHRO, in partnership with ProPublica’s Local Reporting Network and co-published by the Chronicle for Higher Education and Essence. The investigation examines a Black community’s decadeslong battle to hold on to its land as city officials wielded eminent domain to establish and expand Christopher Newport University in Newport News, Virginia.
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Real Estate Agent Fails To Mention Home Comes With 20 Adorable Roommates
When Helaine Hindley purchased an old farm with her husband and parents, the plan was to turn it into a healing place, a retreat for first responders and military servicepeople who suffer with PTSD. The property needed a lot of work, and the former owners mentioned there were a few barn cats around. As the group began the transformation process, they had no idea what they were about to uncover — or who they were about to meet.
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4 abandoned mansions for sale across the US — and why they're so unsellable
It might seem far-fetched that a coveted piece of real estate would be unsellable, but a few abandoned or unfinished mansions across the US have lingered on the market for years—even decades.
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