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Former Ohio Title Company Owner Pleads Guilty to Conspiracy
March 11 2010 | |
Former title agent Anthony Capuozzo, 39, of Concord Township, Ohio, has pled guilty to conspiracy charges in connection with his role in a large northeast Ohio mortgage fraud ring that allegedly defrauded lenders out of millions, according the the Cleveland Plain Dealer.
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Minnesota Man Gets Three Years In Mortgage Scheme
March 11 2010 | |
Micah John Beaumia, 30, of Alexandria Minnesota, has been sentenced to three yeas in prison for his role in a mortgage fraud scheme. Beaumia had been convicted on one count of wire fraud and one count of money laundering last year.
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ALTA Launches New Member Benefit
March 10 2010 | |
The American Land Title Association has launched its latest member benefit program, The Member Conferencing Program from InterCall.
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Advantage Title, Inc. Delivers New GFE Rate Calculator
March 09 2010 | |
Title insurance and escrow services provider Advantage Title has introduced its new GFEz RESPA-compliant online rate calculator that delivers quotes for title premiums, endorsement, payoff, and recording fees, transfer taxes and other title and closing related fees for lender and real estate customers nationwide.
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New Mexico Governor Signs Conservation Easements into Law
March 09 2010 | |
New Mexico Governor Bill Richardson signed SB 186, the Natural Heritage Conservation Act, into law on Monday. The act allows the state to purchase conservation easements from private property owners to permanently prohibit development and undesired land use.
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How Deep Are Your Property Rights?
March 08 2010 (subscription) | |
As legislators respond to concerns about global warming, scientists and engineers have been working on ways to keep carbon emissions out of the atmosphere. One method to reduce emissions is to bury carbon dioxide emissions underground. But do property owners have any say in the matter?
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Mortgage Refinance Applications Increase
March 06 2010 (subscription) | |
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 26, 2010.
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Opponents of New York Title Insurance Public Option Form Advocacy Group
March 05 2010 | |
Opponents of active legislation in New York to create a state-run "public option" to compete with private title insurance have formed a group, the New York Taxpayers for Economic Justice. The new group is planning to launch a state wide grass roots program to inform the public regarding the its views on the proposal's negative impact on taxpayers, jobs, and real estate transactions.
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The Future of Fannie and Freddie in Question
March 02 2010 (subscription) | |
Hearings scheduled to begin today will be held by the Financial Services Committee to discuss what future Fannie Mae and Freddie Mac have, if any. U.S. Representative Barney Frank has stated that Fannie and Freddie should be "abolished" and a new system rebuilt from scratch. Meanwhile, the National Association of Realtors has suggested an entirely different course of action.
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AFX Corp. Offers Property Title Search Reports Available through New iPhone and Mobile Apps
March 02 2010 | |
There is now capability for ordering property title searches via the iPhone and mobile devices. AFX Title last month released a free iPhone app which allows users to place orders for various title search and abstract products. Users can select basic deed searches or full title reports with lien and document copies. No prior account is required, and titles can be ordered individually for any property nationwide.
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Maryland Title Company Owner Pleads Guilty in Ponzi Scheme
March 02 2010 | |
David Wehrs, Sr., a title company owner in Annapolis, Maryland, pleaded guilty Monday to wire fraud in connection with a scheme to defraud investors and financial institutions of more than $2.3 million. Wehrs used a Ponzi scheme to fraudulently induce investors to fund his day trading habit, and then eventually used funds from escrow accounts and earnest money to cover up the scheme.
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Detroit's Mayor Planning Sweeping Land Reforms to Shrink the City
March 01 2010 (subscription) | |
Dave Bing, elected mayor of the Detroit in 2009, has proposed an effort to drastically reform land use to "shrink" his troubled city. Bing, 66, a popular former basketball player who was an all-star for the Detroit Pistons and later created and grew a small business into a $40 million per year supplier to the auto industry, faces a task far beyond anything he has faced on the basketball court or in the business world.
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