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Wendel, Rosen, Black & Dean LLP
CLTA eNews - August 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
CALENDAR OF EVENTS
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA is pleased to offer:  Lender's Conditions & Instructions to Title & Escrow:  Pitfalls and Hidden Gems, a 1.5-hour live-webinar delivered right to your desktop on Wednesday, September 20, 2017 from 10:00am - 11:30am.  Participants requesting MCLE or PD will receive 1.5 CE credit for participating in the webinar.  
 
CLTA's 111th Annual Convention is scheduled to be held April 22-24, 2018 at the beautiful Ojai Valley Inn.  Please mark your calendar and join us next year at this premiere industry event!
 
SACRAMENTO REPORT
Assembly Bill 82 (Medina) would require the State Registrar to require diacritical marks to be properly recorded on marriage licenses as well as birth and death certificates. The legislation ...
 
California enacted legislation in 2015 to permit a revocable transfer on death deed (RTODD) with a "sunset" provision, which will cause the repeal of the law on January 1, 2021. The sunset provision could be repealed or extended before then ...
 
A pair of legislative deadlines came and went in July, requiring bills to pass out of their policy committees by July 14th if marked as fiscal and July 21st if marked as non-fiscal. ...
 
Data Trace Union Bank
INDUSTRY NEWS
The Wall Street Journal is reporting today that there has been a substantial increase in loan defaults in the PACE program, jumping from 0.9% to 1.6% from last year. The report is based on an analysis of tax data from 40 California counties, which shows...
 
A real estate investor was recently sentenced to 21 months in prison after being convicted in December of 2016 of rigging foreclosure bids in the Bay Area between ...
 
Today, under certain circumstances, homeowners over the age of 55 can transfer the lower tax value of their home to a new home of equal or lesser value in counties that participate in the program.  Homeowners thereby get ...
 
Since August 2016, the title industry has been operating under temporary Geographic Targeting Orders (GTOs) issued by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). These orders expire on ...
 
A Bay Area real estate investor now owns a grand circular street running through Presidio Terrace, a gated community in the San Francisco Presidio Heights neighborhood.  According to the San Francisco Chronicle the street is lined ...
 
Fidelity National Financial reported second quarter pre-tax earnings from its title insurance business of ...
 
According to The Title Report, Stewart Information Services Corp. has acquired the retail branch division of Title365 Co.  Stewart had previously ...
 
According to Inman News, CoreLogic has announced that it added Clareity security software solutions to its suite of Real Estate Solutions products to expand its range of technology services to MLS organizations and its product offerings ...
 
Q. Bungalow style front porches, low-pitched roofs, intricate woodwork and stonework, arched interior doorways.  Originally built as small cozy homes with attention to detail.  ...
 
Petru Corporation First American SMS RynohLive
COURT CASES
Deutsche Bank v. Pyle (D071079).  The court held that a judgment that was obtained without giving notice to Deutsche Bank was void and that a subsequent bona fide purchaser took title subject to the deed of trust that was purportedly cancelled by ...
 
Surfrider Foundation v. Martins Beach 1, LLC (A144268).  The court affirmed the trial court's conclusion that appellants' conduct is "development" requiring a coastal development permit under section 30106 of the Coastal Act. Further ...
 
Cummings v. Dessel (A144212).  The court held that the trial court erred when it ordered partition of the property by appraisal because the parties had not agreed to that method, as is required by the statute (C.C.P. 873.910 et seq.) Partition by appraisal is ...
 
Conroy v. Wells Fargo Bank (C078914).  This is another case in which homeowners lived in a house for many years while challenging a lender's right to foreclose. The homeowners finally lost. The court concluded that the complaint did not ...
 
Plaintiff was evicted from the subject property in a previous unlawful detainer action, and brought the current action claiming that he held equitable title pursuant to an oral installment sale contract. The court ...
 
PGA West Residential Association v. Hulven International (E064270).  Plaintiff alleged that defendant Mork tried to fraudulently insulate the equity in his condominium from creditors by naming ...
 
Crossroads Investors v. Federal National Mortgage Association (On Remand) (C072585).  The court reversed the trial court's denial of Fannie Mae's anti-SLAPP motion (C.C.P. 425.16) in this wrongful foreclosure action, because the actions ...
 
CALENDAR OF EVENTS
Hardly a day goes by without news of a new cyber attack. In fact, the number of wire fraud scams reported by title companies to the Internet Crime Complaint Center spiked 480 percent in 2016, according to the FBI. With all of these threats, do you know your liability if your company gets hacked and consumer funds are stolen?  Join ALTA for a live webinar on Wednesday, August 23, 2017 from 1:00pm - 2:00pm ET.
 
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