CLTA eNews - July 2014 In This Issue
MESSAGE FROM THE PRESIDENT
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
CALENDAR OF EVENTS
Simplifile Garrett & Tully, A Professional Corporation
MESSAGE FROM THE PRESIDENT
I am extremely honored and proud to accept this year’s appointment as President of the CLTA. I would like to thank David Windle for his outstanding leadership over the past year. He has been resolute in his dedication to the CLTA and we thank him...
 
CLTA NEWS
Daryl R. Millsaps, the late owner of Calaveras Title Company, who would have been 82 on June 20, 2014 passed away at his home in San Andreas on June 4, 2014. ...
 
SACRAMENTO REPORT
CLTA-sponsored legislation to create a process for termination of a Home Equity Line of Credit (HELOC) continued to move unopposed in the State Legislature throughout June and in early July, unanimously passing both the Senate ...
 
Assembly Bill 2416 (Stone), which would create wage liens on both the real and personal property of employers without a court order, passed the Senate Judiciary Committee and the Senate Labor and Industrial Relations Committee on a partisan votes of ...
 
First passed by the California Legislature in 2009, the Buyer’s Choice Act prohibits a mortgagee or beneficiary under a deed of trust who acquired title to residential real property improved by four or fewer dwelling units at a foreclosure sale from requiring, directly or indirectly, as ...
 
California ended the fiscal year with a positive cash balance for the first time since June 30, 2007 according to State Controller John Chiang. A positive cash balance means that the state did not need to borrow from Wall Street or the $23.8 billion available in its more than 700 internal special funds and accounts. ...
 
Data Trace Union Bank
INDUSTRY NEWS
San Francisco Supervisor Avalos recently introduced a resolution declaring the intent to form a Joint Powers Authority to carry out mortgage principal reduction programs. The resolution states the intent of the San Francisco Board of Supervisors to authorize the City of San Francisco to join with ...
 
The risk mitigation firm of Interthinx has released its quarterly interactive Mortgage Fraud Risk Report covering data collected in the first quarter of 2014. ...
 
The CLTA has been alerted to increasing hacker fraud targeting real estate professionals. Hackers are getting into real estate agent and broker emails to discover details about pending transactions. The hackers then disguise their emails to buyers as being from ...
 
Miller Starr Regalia Lani Andersen, Mann, Hilbert & Parker LLP
COURT CASES
Decon Group v. Prudential Mortgage Capital Company (B248491)
The lien of a senior deed of trust and fee title ordinarily do not merge when a deed in lieu of foreclosure is given where there are ...
 
Rufini v. CitiMortgage (A138480)
Plaintiff alleged that defendant breached an agreement to modify a loan pursuant to the federal Home Affordable Modification Program ("HAMP"). The court overruled an order sustaining a demurrer as to ...
 
Bisno v. Kahn (A133537)
California's usury law does not apply to a judgment creditor's agreement to forbear collecting on a judgment. However, a forbearance fee does not ...
 
CALENDAR OF EVENTS
A live seminar by Lorman with industry speakers: David Krause-Leemon, Stephanie Shulman, Esq. and Douglas Wance, Esq. This live webinar is being held on August 12, 2014 at the Holiday Inn Santa Ana Orange County Airport from 9:00am – 5:00pm. Learning objectives are ...
 
Save the date of September 10, 2014 for the Southern California Chapter of the Property Records Education Partners (PREP).  ...
 
 

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