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CLTA NEWS
Don't miss this meeting. Register now for CLTA's 104th Annual Convention, May 22-24, 2011 at the Silverado Resort in Napa, California.

 
CLTA and CEA are pleased to offer: Short Sales! A live, two-part webinar, delivered to your desktop on April 12 and April 19, 2011!

 
The CLTA is filing a revised Guarantee Form 22 also known as the Trustee’s Sales Guarantee form. The revised form ...

 
SACRAMENTO REPORT
Senator Vargas has introduced SB 412, a California Bankers Association sponsored bill correcting unintended consequences resulting from the enactment of SB 931 (Ducheny). Senate Bill 931 ...

 
Senate Bill 424, by Senator Rubio, authorizes a design professional to convert a recorded design professional lien to a mechanics' lien if certain requirements are met. The requirements include ...

 
Assembly Bill 1321 (Wiechowski) requires that mortgages, deeds of trust and assignments be recorded within 30 days of the execution or assignment. Further, either the promissory note or ...

 
INDUSTRY NEWS
A federal bankruptcy judge in New York ruled last month that MERS is not empowered to effectuate valid mortgage assignments. The judge rejected MERS's position that it can be both the mortgagee and ...

 
The Federal Trade Commission (FTC) recently issued new rules that may impact real estate practitioners representing clients involved in short sale transactions. Depending on certain factors ...

 
The American Land Title Association (ALTA) has issued a press release warning the Administration and Congress that any plans to significantly alter or eliminate Fannie Mae and Freddie Mac would have a severe impact on...

 
In a recent Press Release, Insurance Commissioner Dave Jones recently urged California insurance companies to invest in a state program benefitting underserved communities. Jones pushed for insurers to ...

 
COURT CASES
Gomes v. Countrywide Home Loans (D057005)
A borrower brought an action to restrain a foreclosure of a deed of trust held by MERS as nominee for the original lender. ...

 
Capon v. Monopoly Game LLC (A124964)
In the published portion of the opinion, the court held that plaintiff was entitled to damages under the Home Equity Sales Contract Act because ...

 
CALENDAR OF EVENTS
Do not miss CLTA's 104th Annual Convention May 22-24, 2011 at the beautiful Silverado Resort in Napa, California.

 
Wendel, Rosen, Black & Dean LLP
Garrett & Tully, A Professional Corporation
Data Trace
Naylor, LLC
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