Effective October 1, 2021, the Residential Property Condition Disclosure Report will be amended to include a question relating to dams. (See Public Act 21-41) Sellers of residential property will now be required to disclose [...]
Appraisers sometimes erroneously report to the lender that a property is a condominium when it is in fact a planned community. Prior to issuing a condominium or planned unit development (PUD) endorsement, the title [...]
A new Connecticut law is resulting in the release of existing Connecticut Department of Social Services (DSS) liens on real property, and is also limiting the extent to which the state can lien real [...]
Contributing to the risk of wire and title fraud in Q1 were significant regulatory and risk challenges As housing professionals navigate regulatory changes and accelerated tech adoption, wire and title fraud risk factors in [...]
Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) [...]
Published yesterday by Fox News is just another story of what has impacted the real estate industry for the last couple of years, wire transfer fraud schemes. In this case it was a New York [...]
Donald S. Baillie, President of Associated Attorney Title and Closing Company, has earned a second Distinguished Service Award from Worldwide ERC®, the workforce mobility association. The award will be announced at the 2017 Americas [...]
You're Invited! The Law Offices of Baillie & Hershman, P.C. and Associated Attorney Title & Closing Co., P.C. are pleased to present *CFPB Update* "The Loan Estimate & Closing Disclosure. What you need to [...]
Waves of change have crashed into the regulatory environment that governs the mortgage finance and settlement industries over the past few years. With the market in a constant state of transformation, businesses need stability. [...]
After a tragic 2011 Christmas Day house fire in Stamford, Conn., the state legislature set out to institute protective measures for homebuyers. There is now a requirement that sellers provide buyers with an affidavit [...]
