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Georgia looks to protect residents from title theft with new law

Housing Wire

Brian Kemp signed a new law, which went into effect at the start of the year, that creates a spate of new requirements for those filing property-related documents and notaries involved in electronic document filing. The new law is beginning as police continue to warn residents about scammers filing fraudulent deeds.

Law 329
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act.

Law 321
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DeSantis stamps changes to reverse mortgage tax requirements in Florida

Housing Wire

Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs. This will now be changed, according to provisions of the law as analyzed by the committee.

Law 383
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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. This legislation eliminates the ‘credit provision’ and requires the disclosure of information concerning flood risk, flood history, and flood insurance on real property transactions.” New York Gov.

Law 391
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Remote online notarization is the proper path forward for digital closings

Housing Wire

To appreciate this improvement to the closing process, you need to understand the various laws that allow for digital closings at different stages of the transaction. The Electronic Signatures in Global and National Commerce Act (E-SIGN) is a federal law that applies many of the same provisions as UETA to interstate and national commerce.

Law 467
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Trade Groups Unite to Combat Deed Fraud

Appraisal Buzz

New York Attorney General Letitia James recently enacted a new law establishing deed theft as a crime and expanding the Office of the Attorney General’s (OAG) ability to prosecute deed theft. Under previous law in New York state, deed theft itself was not a crime.

Law 397
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Loosening The Knot

Appraisal Buzz

While it’s true that we must consider the empirical evidence, like chemists in a lab, we are not able to rely on natural laws, neatly organizing the component parts on the periodic table. Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people.

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