September 2012 | Volume 5 - Number 6
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Update from ATG AdministrationTitle Agents Face Major Closing ChangesATG and ALTA Offer Solutions
ATG reported on this topic earlier this summer in a Call to Action - CFPB Releases Closing Disclosure Form Special Bulletin, July 24, 2012. The following article reiterates that information, and provides additional detail as well as insight from ATG leadership. Read more... Jerry T. Gorman |
ATTORNEYS | Practice NotesOf NoteBankruptcy: In re Crane — Mortgages are avoidable in bankruptcy if the recorded mortgage fails to include the total indebtedness, the interest rate, and maturity date all on its face. CasenotesFederal RESPA; Title Insurance: Howland v First American Title Ins Co — Class certification is inappropriate for overcompensation violations of RESPA; a case-by-case examination is required to determine violations. Illinois Decedents' Estates; Estate Tax: People v Kole — Trustee and executor was personally liable for failure to pay additional state estate tax owed after federal audit, even though the state had provided a Certificate of Discharge and Determination of Tax. Indiana Judgments; Liens: Hair v Schellenberger — In Indiana, a judgment does not constitute a lien on a property unless it is statutorily compliant. If the judgment is not duly entered and indexed in the judgment docket, it does not provide notice to bona fide purchasers. Wisconsin Foreclosure: Deutsche Bank v Pauk — A lender’s failure to provide a timely payoff statement for a short sale was a breach of a mortgage contract that the borrower may argue as a defense to the foreclosure of the mortgage. |
IN THE NEWS | ATG Holiday Reception
ATG Holiday Reception
Thursday, December 13, 2012
Adler Planetarium | Chicago
Save the Date!
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WHAT'S NEW | Member, CLE, Trust, Process, and Auction Services
You can also choose from more than 40 OnDemand seminars. See ATG Legal Education at www.atgf.com for our current program catalog. You must be a registered site user to take our programs.
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[Last update: 9-19-12]
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