There has been discussion about a national driver’s license, a national license to practice law, a national database for IRS liens, a national database for all real property liens, and a national registry for all real property records. The Federal Reserve, in its proposal for a national lien registry, says its idea would make locally recorded information [...]
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I’m sure most of you know about the changes to Florida’s power of attorney laws that went into effect on October 1, 2011. Please read CS/SB 670 for all of the changes and exceptions (e.g. powers granted by corporations). While you are reading that bill, I want to point out a few changes [...] ATTENTION! ATTENTION! There is a proposed New(er) HUD-1! Actually, there are two proposed HUD-1s and YOU get to choose! Or at least you get to vote on which version you like and why. You may have heard that federal agencies were working to combine the Truth In Lending and Good Faith [...] Once a year I try to review new state laws that may impact real estate transactions. Before I could get to this task, the Florida Land Title Association sent out several bulletins describing important law changes, doing my job for me! I will summarize a few of these laws, here, but you really need to see [...] Unlawful Inducements, according to Florida’s Department of Financial Services, are what exactly? DFS’ Proposed Rule includes the traditional “printing mailing labels for real estate brokers” and “paying for referror advertising,” but it also includes “charitable contributions on behalf of purchasers” and “entering into an affiliated business arrangement in an attempt to provide a kickback.” Hmm. I [...] Everyone knows that the fraud industry never seems to crash, it just morphs into different appearances. The traditional mortgage fraud, with loan applications containing false employment, income, and other information, and the artificially inflated appraisals fraud, were going strong for several years. Now that lenders are more cautious, and many potential buyers have poor credit, the latest fraud is on the individual. Not only [...] PLEASE stop! Stop talking about people being underwater, upside down, or whatever cute word is used when homes are worth less than their mortgage debts. So what?? Live in your home and pay your mortgage. Who cares how much your house is worth? In fact, I prefer my home to be worth zero dollars while I live here, [...] While researching real property bills filed by the Florida legislature this year, one of the bills the computer found was titled Pain Management! HAH! Was this the legislature being sympathetic to real estate folks? Or was it meant for everyone who is dealing with the new HUD-1 form? Too bad it didn’t pass. You [...] |
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