The title insurance industry has seen a lot of attention in recent years. Some newer regulations have impacted the industry and have changed some of the traditional approaches we were counting on to work with mortgage providers, developers, and real estate attorneys. Whether or not you agree with any new restrictions, it is clear that…

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US House Representatives and industry professionals ask for Implementation Delay and “Hold-harmless” period through the end of 2015 for implementing the new Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures (TRID) rule. Updates: CFPB TRID Implementation Date Official: October 3, 2015 >>Click to learn more CFPB’s Proposed TRID Implementation Delay Receives Strong Industry Support. Read more:…

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CFPB - Consumers contract

The Consumer Financial Protection Bureau (CFPB) fine rule becomes effective August 1, 2015. Stay up to date on all the changes required in the real estate closing process. Learn more at the American Land Title Association website: American Land Title Association – CFPB

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Update: The Florida Realtors-Florida Bar (FR-BAR, fka FAR-BAR) has revised their Residential Real Estate Contract Paragraph 9.  The intent is to define the party who will be responsible to pay for a municipal lien search, if a municipal lien search is performed. Brief Summary of 9/2014 Revised Paragraphs: 9 (a) (b) and (c): The reference…

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florida-capitol

Florida Hidden Liens Bill   The Florida Legislature has passed the Hidden Liens Bill, HB 267 – Real Property Liens and Conveyances, which is scheduled to go into effect on October 1, 2013. The bill is an amendment to the Recording Act, §695.01 and requires that government entities and quasi-government entities (like a C.D.D.) record…

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