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Wendel, Rosen, Black & Dean LLP
CLTA eNews - May 2018 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA is pleased to offer:  Basic Easement and Access Issues, a 1.0-hour recorded webinar delivered directly to your desktop. Participants requesting MCLE or PD will receive 1.00 CE credit for participating in the webinar.  ...
 
The CLTA Board of Governors and membership at large elected the following Officers to serve from July 1, 2018 through June 30, 2019. ...
 
This year, the CLTA has raised a total of over $70,000 for the CLTA-PAC. This amount was raised through both member company and indvidual contributions (see links below) along with tickets sold for the ...
 
The CLTA Presidential Award is a special award given to formally recognize people who do amazing work for the association and title industry as a whole. The CLTA also has a tradition of giving an Honorary Member award to those with a lifetime ...
 
The CLTA successfully requested the Court of Appeal to publish its opinion in Hansen v. Sandridge Partners, dealing with equitable easements. The opinion was originally not certified for publication. ...
 
SACRAMENTO REPORT
Last year the Legislature passed SB 50 (Allen, Chapter 535, Statutes of 2017) that prohibited the conveyance of certain federal lands without the consent of the State Lands Commission. The CLTA opposed SB 50 in the Legislature as unconstitutional ...
 
Assembly Bill 2529 (Chu), which would have removed the withholding exemption for a 1031 exchange if the replacement property was located outside of California, failed to pass through its first policy Committee prior to a key legislative deadline. ...
 
A bill seeking to impose a sales tax on services in California, Senate Bill 993 (Hertzberg), continues to face substantial opposition from a widespread coalition led by CalTax and including CLTA, arguing that it would result in a significant ...
 
State Controller Betty T. Yee reported that California collected more tax revenue during the month of April than in any previous month of the 2017-18 fiscal year so far. Moreover, total April revenues of $18.03 billion were higher than estimates in ...
 
Data Trace Union Bank
INDUSTRY NEWS
Although some federally related commercial real estate transactions have not required an appraisal since 1994, that exemption has now been expanded. The previous exemption amount that was established jointly by three federal banking ...
 
The real estate industry calls the TRID "black hole," the rule that once a Closing Disclosure has been provided, a revision can only be made within limited time frames. This means that often any increased costs resulting from changes before the ...
 
California slipped a bit in realtor.com®’s hottest housing markets list for April, the first time in years. Each month, realtor.com® ranks the top metro areas where homes sell the fastest and where home buyers are searching the most for listings at ...
 
Last week the California Energy Commission voted to mandate solar on new homes, condominiums, and apartment buildings up to three stories. The mandate is set to go into effect for building permits issued after January 1, 2020, once the update of ...
 
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) last Thursday, showing that mortgage rates were unchanged from the prior week. The 30-year fixed mortgage rate remained at 4.55 percent. Freddie Mac’s Chief ...
 
Old Republic, First American Financial, Fidelity National Financial and Stewart Information Services first quarter report...
 
Petru Corporation First American SMS
COURT CASES
Hansen v. Sandridge Partners.  Citing Nellie Gail Ranch Owners Assn. v. McMullin (2016) 4 Cal.App.5th 982, the court explained that three factors must be present to establish an equitable easement: 1) The encroacher must be innocent. That is ...
 
Estate of Casserley (Hawkins v. Joya).  C.C.P. Section 686.020 states: "After the death of the judgment debtor, enforcement of a judgment against property in the judgment debtor's estate is governed by the Probate Code, and not by this title." The court held ...
 
County Line Holdings v. McClanahan. The court held that Probate Code Section 366.2, requiring an action against a decedent to be commenced within one year of death, does not apply to judgment liens. Rather the lien continues for its statutory duration.  ...
 
Integrated Lender Services v. County of Los Angeles. There were surplus proceeds after a deed of trust was foreclosed on property once owned by a convicted  ...
 
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