California Land Title Association eNews

California Land Title Association.

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Garrett & Tully, A Professional Corporation
CLTA NEWS
Please join us April 19-21, 2015 for CLTA's 108th Annual Convention at the beautiful Monterey Plaza Hotel & Spa.  Sponsor now!
 
The 2015 CLTA Annual Directory will be in the hands of our members soon! This important industry publication reaches all regular title company members and Affiliate members including ...
 
SACRAMENTO REPORT
Effective the first of the year is a very narrow exemption for the fire assessment fee. The exemption is the result of Assembly Bill 2048, signed into law last year. The exemption only applies where a habitable structure is rendered  ...
 
The 2015 Legislature has returned to Sacramento and already introducing bills. The final deadline for bill introduction is February 27th, although as of mid-January over 300 bills were introduced. The CLTA expects ...
 
The California Senate and Assembly Insurance Committees have new Chairs according to announcements released by Senate President pro Tem Kevin de León and Assembly Speaker Toni Atkins. ...
 
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Union Bank
INDUSTRY NEWS
The California Association of Realtors (CAR) revised its Residential Purchase Agreement (RPA) in November 2014 after months of deliberation and revisions. The revised form is now ...
 
The Federal Housing Finance Agency (FHFA) recently expressed its concerns over threats to the first-lien loans owned or guaranteed by Fannie Mae and Freddie Mac. These concerns relate to ...
 
HUD announced this month that the Federal Housing Administration (FHA) will reduce the annual insurance premiums new borrowers pay to 0.85% from 1.35%, or by 50 basis points. The reduction is scheduled to take place...
 
The President signed the Mortgage Debt Forgiveness Act so that mortgage debt forgiveness because of a short sale in 2014 will not be counted as income.  ...
 
Lani
COURT CASES

Belle Terre Ranch v. Wilson (A137217)

In this boundary dispute involved a "battle of the surveyors", the court held that testimony of property owners was admissible as evidence of the historical beliefs of adjoining ...

 

U.S. Bank v. Yashouafar  (B249057)

In this action to enforce a guaranty, the court held that under the terms of a note and deed of trust, a prepayment penalty was not payable until actual prepayment, which occurred when lender purchased the secured property at ...
 

California Bank & Trust v. Del Ponti (E053187)

Where a bank breached the loan agreement by stopping funding the construction loan, the court held that the bank could not recover a deficiency judgment against the guarantors after foreclosing. The guarantee contained ...

 

Marina Pacifica Homeowners Association v. So. Cal. Financial Corporation (B251379)

An "Assignment Fee" set forth in unrecorded condominium leases and certain other recorded documents, requiring payment of a monthly fee to the original developers, fell within the general definition of a "Transfer Fee" within the  ...
 

Feresi v. The Livery, LLC (B248607)

The court held that if a perfected security interest is created by breaching a fiduciary duty owed to another person, then equitable principles may be applied to give ...