Underwriting News

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Madison County Changing to Predictable Fee Schedule
09/17/2019 - 10:07am
Madison County, Illinois, has announced that, effective September 23, 2019, it is changing to a predictable fee schedule for recordings. For details and the new rates, please read the attached fee...
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Attorney Held Personally Liable to Defrauded Lender
09/09/2019 - 12:01pm
In a recent opinion, the Seventh Circuit Court of Appeals for the United States found an attorney who served as the sellers' attorney and who was the owner of the title company that closed...
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Know Your Client
09/17/2019 - 12:40pm
The 7th U.S. Circuit Court of Appeals recently held that a seller’s attorney who acted as the seller’s representative and the owner of a title agency used in fraudulent transactions was personally...
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Protecting Your Seller’s Mortgage Payoff
09/17/2019 - 12:38pm
Attorneys' Title Guaranty Fund, Inc. has seen a new type of wire fraud in real estate closing transactions: altering of the seller’s mortgage payoff letter. Fraudsters are intercepting the mortgage...
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ALTA Creates Online Resource for Combating Wire Fraud
08/14/2019 - 3:51pm
Wire fraud continues to be a serious threat to real estate industry, netting millions of dollars for cyber thieves every year. The best defense for potential victims is heightened awareness, but too...
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Claims Corner - United States v. Z Investment Properties, LLC.
06/26/2019 - 1:02pm
In United States v. Z Investment Properties, LLC., 921 F.3d 696 (2019), the United States recorded a Notice of Federal Tax Lien (“Notice”) against the sole owner of a property in Lake County,...
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Title Claims - Importance of Checking Legal Descriptions
06/26/2019 - 1:00pm
A common underlying cause of claims is an error in the legal description. Mistakes of this type can result in omitted parcels, unpaid taxes, erroneous conveyances, overlaps, and/or title disputes....
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