California Land Title Association eNews

California Land Title Association.

CLTA NEWS
On behalf of the Officers, Board of Governors and Staff, we would like to extend our sincere appreciation to the sponsors of CLTA's 105th Annual Convention.
 
CLTA is pleased to offer: CLTA’s Revised Trustee’s Sale Guarantee – aka Guarantee Form No. 22, a one-hour, live webinar.
 
CLTA representatives met with CDI staff from the Financial Surveillance Division to discuss the frequency and cost of UTC audits. The Department ...
 
SACRAMENTO REPORT
Assemblyman Mike Feuer introduced AB 2299 after an anonymous Internet group allegedly publicized the home addresses of members of the ...
(Bulletin 11/12-121 - June 14, 2012)
 
Assembly Bill 2273 (Wieckowski), which creates deadlines for recording a trustees deed in a common interest development and notifying ...
 
Senate Bill 1220 (DeSaulnier) would have imposed a fee of $75 on the recording of each real-estate related document, except for those documents ...
 
Assembly Bill 2226 (Hueso) would clarify that the holder of property title is the owner for purposes of public proceedings, helping to establish ...
 
Assembly Bill 2557 (Feuer) would have permitted a person whose property is injuriously affected by another property owner’s failure to maintain ...
 
Wage earners in the car wash industry would have been entitled to place a "wage lien" against real and personal property of employers that failed to pay ...
 
A bill that would have allowed property owners to finance the installation of solar energy generating systems paid through the utility bill has stalled in the Senate. ...
 
CLTA is working on changes to recommend for a budget trailer bill to clean up last year’s elimination of the Redevelopment Agencies (RDAs). The CLTA has ...
 
INDUSTRY NEWS
The FHA directed Fannie Mae and Freddie Mac to develop "enhanced and aligned" strategies for facilitating short sales, deeds-in-lieu, and ...
 
A California Court of Appeal has ruled that the Mortgage Electronic Registration Systems Inc. (MERS), has the power, as nominee beneficiary, to assign ...
 
In a 9-0 ruling in Freeman v. Quicken Loans, Inc., the U.S. Supreme Court affirmed the American Land Title Association position that an unearned fee ...
 
COURT CASES
Nickell v. Matlock (B230321)
Normally, a defendant has no right to participate in the case after its default has been entered. But Code of Civil Procedure Section 764.010, pertaining to ...
 
Cal Sierra Construction v. Comerica Bank (C060707)
The court held that only owners, and not lenders, are entitled to bring a "Lambert" motion. This term refers to ...
 
American Property Management Corporation v. Superior Court (D060868)
The court held that a California limited liability company ("the LLC"), which was wholly owned through a series of California limited liability companies by an ...
 
Shady Tree Farms v. Omni Financial (F062924)
Plaintiff contracted directly with the owner of a development to deliver trees, and recorded a mechanics lien after not being paid. The court held ...
 
Deutsche Bank v. McGurk (B231591)
Defendant McGurk filed a previous quiet title action against a purchaser who had defrauded her, and recorded a lis pendens. She also ...
 
Herrera v. Federal National Mortgage Association (E052943)
MERS, as nominee beneficiary, has the power to assign its interest under a deed of trust. Even assuming plaintiffs can allege specific facts showing ...
 
Estates of Collins and Flowers (Flowers v. Dancy) (C064815)
The son of one of two property owners forged a deed after they both had died. The court held that the administrator of the estates of the property owners ...
 
CALENDAR OF EVENTS
The Southern California chapter of the Property Records Education Partners (PREP) has scheduled a meeting for September 12, 2012 at the First American corporate offices in Santa Ana.