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Client Advisory: Maryland House Bills 1373 & 1374

Posted on 9/5/2012 by Administrator Account in client advisory

Two recently enacted bills take effect in Maryland as of October 1, 2012.

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Deeds & Tenancies for Vesting Title in All 50 States

Posted on 2/8/2012 by Administrator Account in client advisory

In this table, we provide some pertinent information regarding tenancy. Please note that this table does not purport to be a complete abstract of the individual state statutes. While we attempt to provide quality information, laws are fluid and constantly changing. We make no representations, guarantees or warranties about the accuracy, completeness or suitability for any particular purpose of the information provided herein. The information contained herein does not constitute legal advice. We recommend that you have your own counsel review and analyze the applicable laws.

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Client Advisory: State of MO – Missouri Senate Bill 630 Affixing Manufactured Homes to Real Property

Posted on 1/17/2012 by Administrator Account in client advisory

New ways for Lenders to help consumers with Manufactured Housing came into effect, as Missouri Senate Bill 630, passed by the General Assembly during the 2010 session. This now allows a manufactured home to be converted to real property by a process of affixation beginning March 1, 2011. Title companies, like Nations, may issue an ALTA 7-06 in conjunction with an Owner’s or Loan Policy if the following steps are taken:

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Client Advisory: State of OH – Revised Code ORC Section 5301.071 OH Trusts Holding Title to Real Estate

Posted on 1/13/2012 by Administrator Account in client advisory

Ohio Revised Code Section 5301.071 provides that the validity of instruments filed for record is not affected by reason of certain matters such as dower not being specifically released, the absence of a notary seal, the acknowledgment being on a separate sheet of paper or the failure of certain fiduciaries who sign or acknowledge an instrument to indicate their representative capacity.

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Client Advisory: State of OR - OR2011008 - Uniform Real Property Transfer on Death Act Chapter 212

Posted on 1/12/2012 by Administrator Account in client advisory

On January 1, 2012, the law governing the use of a Transfer on Death Deed in the state of Oregon takes effect. A Transfer on Death Deed allows an individual who owns real property to pass title to their property upon their death, avoiding the need for a probate. Key elements of this new law are as follows:

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