Over the last few months, several realtors and title agents have reported feelings of suspicion about an encounter with a potential client based on how the individuals identified themselves. In each encounter, there was indeed a sovereign citizen nexus causing the question, “What were they trying to do?” “Sovereign citizens” are not of a singular … Continue reading Sovereign Citizens and Realtors/Title Agents: Close Encounters of A Different Kind
The Claims Corner: Trespass and Nuisance
While the Homeowner’s Policy provides expansive coverage, it still does not cover every problem that may arise with a property. In particular, it does not provide coverage for use of the property that is found to constitute either a trespass on or a nuisance to a neighboring property. The following provides an example of this: … Continue reading The Claims Corner: Trespass and Nuisance
Outgoing President’s Message From Mary Long
I’d like to offer a big Thank You and Warm Welcome to all who answered the “Invitation to Engage.” New faces on our Board, on our committees, and attending events for the first time makes me excited for the future of VLTA and all the expertise, contributions, and ideas that we as an organization have … Continue reading Outgoing President’s Message From Mary Long
VLTA 2023 Annual Convention Lineup
OCTOBER 19-21, 2023 The Hyatt DullesHerndon, VA register now VLTA Convention education has been approved for 8-hours of CE, VCTE, & VCTSA and is currently seeking CLE approval. Agent Liability This course will focus on the legal and procedural sources of a title agent’s liability. We will: Review ALTA Risk Codes to identify Virginia policy … Continue reading VLTA 2023 Annual Convention Lineup
Fall 2023 Puzzle
Instructions. Complete the word search below.
ARTU 2023 Fall Q & A
Anal Retentive Title Underwriter Question & Answer In 2012, Bank of Westeros made a $150,000.00 loan to Robert Baratheon, secured the note with a deed of trust on Lot 5 of Wessex, and obtained a lender’s title insurance policy. In 2015, Robert defaulted on the loan and subsequently died intestate. A pre-foreclosure search revealed a … Continue reading ARTU 2023 Fall Q & A
Virginia Land Title Association Advisory Bulletin
Regarding Attorney Opinion Letters in Lieu of Title Insurance In 2022, as part of new Equitable Housing Finance Plans, the Federal National Mortgage Association (FNMA or “Fannie Mae”) and the Federal Home Loan Mortgage Corporation (FHLMC or “Freddie Mac”) announced that they would accept Attorney Opinion Letters (AOLs) in lieu of a loan policy of … Continue reading Virginia Land Title Association Advisory Bulletin
The Business Of Marriage: The Non-Divorce Attorney’s Impact on A Divorce
Once upon a time, there was a beautiful woman who did very well for herself. She started her own software company and reaped the financial benefits when the company was bought out. She retired young and put over a million dollars down on a new home and carried a relatively small mortgage. Soon after these … Continue reading The Business Of Marriage: The Non-Divorce Attorney’s Impact on A Divorce
What’s New With ALTA
Resource links: ALTA - Use These Wire Fraud Education ResourcesALTA provides several resources to help title and settlement companies protect against wire fraud and to raise awareness about the threat with customers... ALTA - Risks of Alternatives to Title InsuranceALTA continues to take the lead in engaging with state regulators, the Federal Housing Finance Agency … Continue reading What’s New With ALTA
A Tribute to Bill (William Michael) Amrhein (1938-2023)
The “V” in “VLTA” Also Stands for “Value” Article written by Bill Amrhein in 2008Sometimes it seems odd, but focusing on the end can be a good place to begin. Sometime on Saturday, June 7, 2008 I will end my tenure as a member of the Board of Directors of VLTA. Is that the end … Continue reading A Tribute to Bill (William Michael) Amrhein (1938-2023)
TUTE Fall 2023
The Unknown Title Examiner House Bill 2184 added §§ 55.1-3100, et seq., to the Code of Virginia, allowing settlement agents to release a judgment lien against property if the notice proscribed therein was given to the judgment creditor: § 55.1-3101. Release of judgment lien by settlement agent; notice to lien creditor. A. A settlement agent … Continue reading TUTE Fall 2023
Tax Sales in Virginia – Part One of Two
Virginia local governments maintain revenues primarily through various types of tax assessments. Typically, the largest source of funds for a local government is generated through real estate tax assessments and levies. Funds are also raised through personal property, business license, transient occupancy taxes and other forms of revenue. This article will concentrate on real estate … Continue reading Tax Sales in Virginia – Part One of Two