Security Interest versus License Agreement: Whats a Technology Start Up to Do???

Wed Jul 2020

We live in the age of the tech startup. Entrepreneurs with exciting ideas and nothing but a nickel in their pockets have created the next big thing and reshaped the very society we live in. Far more frequently, the startups go belly-up, leaving investors and lenders to divvy up what’s ...

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When Passive Voice should be used by Real Estate Transactional Lawyers?

Wed Jul 2020

Forgive the clumsy title. It’s in the passive voice. The subject, transactional lawyers, is being acted upon by the verb rather than vice versa. Those who advise transactional lawyers typically say to never use the passive voice in contracts, and most times this is sound advice. The passive voice creates ...

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Unrecorded Liens 101

Fri Jul 2020

There are a number of issues that can affect the title to real property. Unrecorded liens are just one potential cause for trouble. Here's how to find them. Examples of Unrecorded Liens Here are a few examples that you should look out for: Outstanding charges from the city for various services, such ...

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Title Insurer Liability, Third Party Misconduct and Fraudsters on the Rise!

Sun Jul 2020

In a complex four-way suit between three real estate developers and one's title insurance company, a noteworthy legal precedent about title insurer liability has emerged. Chief U.S. District Judge Frank D. Whitney granted a summary judgment motion in favor of Old Republic National Title Insurance Company, affirming that they were not ...

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The Two Magic Words that can Legally Save your Security Interest

Tue Jul 2020

In life, in lending and in title insurance, it’s the little things that end up being most consequential. Great lawyers and title agents who want to be super heroes to their clients know the "devil is in the details". A recent case out of New York showed just how important ...

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Lakeside Title Nationwide Survey: The Impact of COVID 19 on the Housing Markets

Thu Jun 2020

Data from March of 2020 reveals a 15.7 percent reduction in the national housing inventory year-over-year. Median list prices are up 3.8 percent. Large-market inventory is down by 17.1 percent. Homes are selling in about 60 days. According to Realtor.com's national U.S. housing data, the real estate market seemed to be ...

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Surprising Effects of Coronavirus on Maryland’s Housing Market

Thu Jun 2020

All eyes are on the Maryland housing market to gauge the impact of COVID-19. The good news is that the market will probably sail through the crisis unscathed. President Trump has voiced the hope that the virus might vanish miraculously. Let's hope he's right. Here’s the Scoop So Far The stock market ...

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Liens 101: a Primer on the Various Types of Liens

Thu Jun 2020

There are many different types of liens, and as a leading title agency we know them all. Liens are a creation of the legislature designed to allow certain ways to secure debts on real estate. Here’s a brief introduction. What is a lien? A creditor mayplace a notice on your property requiring you ...

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BLOCKCHAIN FOR SECURED LENDERS: CRASH COURSE

Thu May 2020

A revolution in secured lending is underway, but it’s still in its early stages. The revolution is blockchain technology. The potential is massive, but at the moment it’s still in dial-up phase — think of the internet in 1992. Blockchain technology, the ledger system that makes Bitcoin possible, turns records into ...

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Calling all Mortgage Professionals: 10 Tips for Stress-Free NMLS Mortgage Licensing

Sun May 2020

For mortgage professionals preparing for the annual license renewal process through NMLS, or Nationwide Multistate Licensing System and Registry can be a nightmare. The NMLS is a complex system. It's important for both companies and individuals to keep their licensure properly updated, as well as minimizing deficiencies to ensure a ...

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