TitleBytes News & Happenings
Mineral Rights? Oh NO! (think Mr. Bill)
Apr 5, 2018
Geoff Pritchard, Chair of the MLTA Abstractor & Title Agents Committee One phrase that makes most Title Agents (and underwriters) cringe is the inclusion of oil, gas, and mineral rights to a property. This is because not every time mineral rights are transferred do they appear on public record. Most realtors are now requiring mineral […]
Take Your Business to the Next Level
Apr 5, 2018
The 2018 ALTA SPRINGBOARD “Take Your Business to the Next Level” was held on March 20-21 at the W Midtown Hotel in Atlanta, GA. Several MLTA members attended the SPRINGBOARD this year and not only enjoyed the conference but also walked away with some very valuable information. They were collectively contributors to this report. The […]
The Solution to Age-Old Post-Closing Problems? Title Companies Can Help!
Apr 5, 2018
By Michelle Wilsey, Regional Director, Simplifile Trailing or missing documents after closing are a problem seemingly as old as the mortgage industry itself. When documents go missing post closing, lenders pay in the form of regulatory penalties or investor “holdbacks,” and title companies are on the hook for tracking and re-mailing some of the most […]
MLTA’s Marketable Title Legislation Passes Senate
Apr 5, 2018
By Cami Pendell, Michigan Legislative Consultants In the last TitleBytes legislative update, I shared information on SB 671 (Jones). That is MLTA’s legislation which helps to clarify and strengthen the Marketable Title Act. Currently, the Marketable Title Act does not specifically define what kind of reference must be in a document to continue previously created […]
“Weed” Control”
Feb 5, 2018
By Phillip Neuman A “burning” topic these days is marijuana. Currently (as of November 30, 2017), 29 states and the District of Columbia have enacted laws to legalize the use of medical marijuana. Nine states and the District of Columbia have voted to legalize the drug recreationally, and Michigan will have a ballot proposal this […]