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Fennemore Wendel
June 2023 In This Issue
SACRAMENTO REPORT
INDUSTRY NEWS
CALENDAR OF EVENTS
MEMBER NEWS
COURT CASES
Naylor Association Solutions Early Sullivan Wright Gizer & McRae LLP
SACRAMENTO REPORT
The CLTA is supporting Assembly Bill 1345 (Hart and Wilson) that prohibits the predatory practice of entering into exclusive residential listing agreements lasting more than 12 months because the agreements unfairly ...
 
Two measures in the California State Legislature seeking to allow for California notaries public to perform remote online notarizations, AB 743 (Petrie-Norris) and SB 696 (Portantino), were heard in …
 
Two separate bills seeking to prohibit the ownership of real property by foreign entities, AB 475 (Mathis) and SB 224 (Hurtado), are unlikely to pass this year after missing key legislative deadlines. ...
 
Assembly Bill 1734 (Jones-Sawyer) changes existing law with respect to required written findings prior to the disposal of surplus lands by a local agency. The bill specifies that land ...
 
Assembly Bill 1205 (Bauer-Kahan) declares that speculation or profiteering by an investment fund in the sale, transfer, or lease of any surface or groundwater right previously put to use on agricultural lands ...
 
California's reparations task force is finalizing several recommendations to address what it determined to be housing segregation and unjust property takings. The task force was created by legislation ...
 
Data Trace Naylor Association Solutions
INDUSTRY NEWS
San Luis Obispo District Attorney Dan Dow issued a real estate fraud alert noting that in recent weeks there have been numerous reports of real estate fraud involving criminals who are posing as … 
 
As you may know, the American Land Title Association (ALTA) maintains a state-by-state regulatory information product called the TIRS State Compliance Guide. The CA TIRS State Compliance Guide ...
 
California Attorney General Rob Bonta announced that the former president of a purported mortgage “investment” company, Robert Sedlar, was convicted of 100 felony counts for operating a mortgage fraud scheme throughout ...
 
Earlier this month, CoreLogic released its Homeowner Equity Report (HER) for the first quarter of 2023. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity ...
 
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results from last week showed the 30-year fixed-rate mortgage (FRM) averaged 6.71 percent. This survey is focused on ...
 
Petru Corporation Naylor Association Solutions Naylor Association Solutions
CALENDAR OF EVENTS
Thursday, June 29, 2023 at 4 p.m., Eastern Time
(Complimentary for Members)
Why are Parcel Identification Numbers (PINs) considered the key to integration with land records?
 
MEMBER NEWS
Doma Holdings, Inc. and Williston Financial Group (“WFG”), jointly announced the signing and closing of an agreement for WFG to acquire certain branches of Doma's West Coast local retail title operations. The sale includes ...
 
SoftPro Naylor Association Solutions Naylor Association Solutions
COURT CASES
Shetty v. HSBC Bank (G060657). The court held that a successor in interest who acquires title subject to a deed of trust has a right to cure a default under the loan and reinstate it. ...
 
Diaz v. Zuniga (B318131). The court held that where a trust requires that an amendment to the trust must be sent to the trustee by certified mail, the settlor must send the amendment by certified mail to himself where the ...
 
 

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