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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. Attorneys for Hild and the government have been at odds for the better part of a year over restitution.

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Classifying Mortgages and HOA Super Liens

Appraisal Buzz

The governing documents for the association were recorded in 2013. Of importance in this matter, pursuant to the governing documents, monthly assessment payments were due on the tenth of each month. In September 2021, Fendee recorded its lien against Gould for unpaid association assessments, fines, penalties, interest, and legal fees.

HOA 221
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ALTA: Protecting property rights with title insurance

Housing Wire

Much of the expense is invested in the efforts of land title professionals to review the title and purchase title data from local governments. Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer.

Insurance 482
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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks.

HOA 370
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Two Southern banks complete mortgage eNote transfer

Housing Wire

Elaine Marshall, North Carolina Secretary of State, described it as a “win-win-win for home buyers, the business sector and the government sector in making the mortgage closing process less time consuming, less stressful, and even more secure.” Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

Mortgage 362
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Title insurers reckon with attorney opinion letters

Housing Wire

Since the government sponsored entity’s announcement, the American Land Title Association has taken a strong stance against AOLs and other title insurance alternatives.

Insurance 402
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Low Appraisal Fees in 2024

Appraisal Today

Without general liability insurance an appraisal company may be responsible for paying large out-of-pocket expenses for things like: Legal fees, Compensation to injured parties Reputational harm, Property damage repairs Commercial property insurance This type of appraisal insurance keeps the physical aspects of your company safe.