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Posted Date: Wednesday, May 8, 2024
The subsequent owners of property in Garfield Heights, Ohio, appealed the confirmation of a sheriff’s sale following a judgment in foreclosure. They also sought to intervene in the foreclosure action.
Court Report
Posted Date: Wednesday, May 8, 2024
As data and cyber security issues continue to rise, hackers use every opportunity to compromise private consumer data, and affected companies are left to clean up the damage. A case out of U.S. District Court for the Eastern District of Pennsylvania may be a good indicator on how courts are approaching settlements for these incidents, including how much the attorneys are paid.
A judge reinstated the attorney fee award given in a class action suit after it was vacated by the Third Circuit Court of Appeals. The judge who reinstated the $3.2 million award had been tasked with re-considering its reasonableness.
Read on for more details.
Court Report, Cybersecurity
Posted Date: Wednesday, May 8, 2024
The Louisiana Department of Insurance issued a final publication to amend Rule 13, “Special Assessment to Pay the Cost of Investigation, Enforcement, and Prosecution of Insurance Fraud.”
Regulatory Updates
Posted Date: Wednesday, May 8, 2024
The Connecticut General Assembly is considering a bill that would require the state’s Department of Energy and Environmental Protection to release liens within a certain period of time when the lien has been satisfied.
Legislative Developments
Posted Date: Wednesday, May 8, 2024
U.S. House Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kansas), and Brittany Pettersen (D-Colo.) launched the Bipartisan Congressional Real Estate Caucus.
Legislative Developments
Posted Date: Wednesday, May 8, 2024
Two men have been charged in connection with their roles in a large-scale mortgage fraud scheme in New Jersey.
The Blotter
Posted Date: Monday, May 6, 2024
The Supreme Court of Missouri, sitting en banc, recently ruled in an appeal of a coverage dispute in favor of a title insurer. The property buyers unknowingly got involved in a legal dispute over the land because the sellers constructed a barn on the property in violation of the city’s zoning ordinances. The buyers sued their title insurer when the insurer denied coverage for the dispute.
Court Report
Posted Date: Monday, May 6, 2024
In its latest guide bulletin, Freddie Mac announced it is expanding the permitted use of attorney opinion letters.
Regulatory Updates
Posted Date: Monday, May 6, 2024
The Oklahoma Legislature is considering modifications to the requirements under the Oklahoma Abstractors Act.
Legislative Developments
Posted Date: Monday, May 6, 2024
A coalition of real estate associations, including the American Land Title Association, Mortgage Bankers Association, and National Association of Realtors, wrote a letter to members of Congress and the Biden administration outlining policies the coalition believes can expand housing supply while lowering costs and improve housing equity.
Industry News