Tell Congress to Stop Fannie Mae’s Title Insurance Overreach Fannie Mae is trying enter the title insurance business – Tell Congress No!Earlier this month, nearly 200 ALTA members attended ALTA Advocacy Summit in Washington, DC and made their voices heard to Congress – we need YOU to lend your voice today! Congress must push back against a … Continue reading What’s New With ALTA
VLTA 2023 Annual Convention Sneak Peek
OCTOBER 19-21, 2023 The Hyatt DullesHerndon, VABook Your Room What to Expect? 8-Hours of CE/CLE Motivational Keynote Speaker New Member & First Time Attendee Welcome Reception Convention Launch Party with live music & local bourbon tasting Exhibitor Hall Hospitality Suite VLTA Member Section Meetings Denim & Diamonds Party Learn more & register here
Summer 2023 Puzzle
Instructions. Complete the word search below.
Caselaw Affecting Ownership of Real Estate in Virginia – Part Two
Case # 1: Austin v. City of Alexandria, 374 SE 2d 289, 265 VA 89 (2003). Principle: It is crucial to make sure that a trustee signs in their capacity as trustee and not as an individual. If a trustee signs in his capacity as an individual and not as trustee when the property is … Continue reading Caselaw Affecting Ownership of Real Estate in Virginia – Part Two
Impact Of A Bankruptcy Filing On Real Property Of A Single Member LLC
A common practice when owning property for investment is to establish a limited liability company – an LLC - to hold title. This helps to compartmentalize ownership and/ or investor groups. Limited liability companies are legal entities, created by and under state law, combining attributes of corporations and partnerships. Property of an LLC has the further advantage … Continue reading Impact Of A Bankruptcy Filing On Real Property Of A Single Member LLC
ALTA Advocacy Summit
May 8th through May 10th brought several members of VLTA’s past and present Board and other interested parties to Washington, DC for ALTA Advocacy Summit. Never having attended before, but having participated in numerous trips to Richmond for VLTA’s Day on the Hill, I was somewhat familiar with the process. What I hadn’t expected was … Continue reading ALTA Advocacy Summit
ARTU Q&A Summer 2023
Question: In 1926, the Builders and Subdividers Corporation submitted a plat to the County of Henrico for the Plan of Shirley. The plat contained 20 lots and contained alleys and roads. The Corporation granted an easement to the County in the alleys, but “reserved unto itself the fee in the streets and alleys for the … Continue reading ARTU Q&A Summer 2023
Homeownership Trends in Virginia and Beyond
June 9, 2023 June is National Homeownership Month, a time to reflect on the important role homeownership plays in our lives. From fostering strong communities, to building household wealth, the benefits of homeownership can be powerful. While the benefits are clearly there, the dream of owning a home remains elusive for many Americans. Mounting financial … Continue reading Homeownership Trends in Virginia and Beyond
ALTA Revises Best Practices
Changes Focus on Enhancing Closing and Settlement New digital payment options, increasing fraud threats and new regulations and laws, as well as changes to business and market needs led to the recent revision to the ALTA Title Insurance and Settlement Company Best Practices. The changes, which went into effect May 23, are focused on the … Continue reading ALTA Revises Best Practices
“STICKS AND STONES”: CHOOSE YOUR WORDS CAREFULLY
There’s an old childhood saying, “Sticks and stones may break my bones, but words will never hurt me.” Any adult KNOWS that’s not true. Often the words do a person more permanent damage than any physical injury, which brings me to my point: WORDS MATTER. USE THEM PROPERLY. Using terms properly (or to be more … Continue reading “STICKS AND STONES”: CHOOSE YOUR WORDS CAREFULLY
Message from VLTA President Long to VLTA Membership: BOI Response Letter
On March 16th, 2023 I reached out to the Bureau of Insurance to seek further clarification of its letter of February 4, 2022 regarding “split settlements”, and the Bureau’s subsequent FAQs, dated February 16, 2022. Because VLTA members have expressed differing opinions and interpretations of the original letter, my intent was to ask the Bureau … Continue reading Message from VLTA President Long to VLTA Membership: BOI Response Letter
Spring 2023 Puzzle
Instructions. Complete the word search below.