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Why title insurance is essential to the U.S. system of property rights

Housing Wire

We transfer ownership by private contract between parties; no advance government approval is required. By contrast, many European countries have a centralized, government-managed land registration system, which requires government review before property transfers are effective. Among the many benefits of the U.S.

Insurance 418
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New York moves to allow title insurance for state land deals

Housing Wire

New York may soon allow title insurance for state land purchases, a shift that could streamline conservation efforts and resolve longstanding property disputes. Proposed changes New York is currently the only state that does not accept title insurance for government land purchases. The change, which was included in Gov.

Insurance 317
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Legal League: Paving the Path for Servicing Professionals

Appraisal Buzz

Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. Hladik serves as Chair of Legal League , and is a Partner at Hladik, Onorato & Federman LLP. Q: What were some of the key accomplishments of Legal League in 2024?

Legal 221
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Servicers, Attorneys, and Government Representatives to Convene at 2025 Legal League Summit

Appraisal Buzz

Open to all mortgage lending and servicing professionals, GSEs , government entities, and Legal League members, the annual Spring Servicer Summit gathers the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.

Legal 195
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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

Insurance 493
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California wildfire victims could have up to 12 months of mortgage forbearance

Housing Wire

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan, Freddie Mac explained.

Mortgage 397
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Some title insurance policies protect against home title theft. Does yours?

Housing Wire

Moreover, legal services will cost at least $5,000 and likely much more. This problem is not easily solved, but some private companies and county governments are trying valiantly to stem the tide by offering title monitoring services, which alert property owners as soon as a deed affecting their title is filed.

Insurance 482