Update on Recordation Tax and First-Time Homebuyers

October 1 Implementation and Possible Corrective Legislation We previously let you know about the recently enacted First Time Homebuyer Tax Benefit Amendment Act of 2015 and the accompanying Application Form required by the D.C. Recorder of Deeds, which is available at https://otr.cfo.dc.gov/node/1272871. The DCLTA Board has been advocating for legislative clarity through the tireless efforts

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ATG’s Birnbaum Takes the Ring to Support Mercy Home Boys & Girls

Peter J. Birnbaum, president and CEO of Attorneys’ Title Guaranty Fund Inc. will jump in the boxing ring to help support Mercy Home for Boys & Girls, an organization that provides homes, education and support systems to Chicago’s most vulnerable and disadvantaged youth. Along with other contenders from the financial services and legal professions, Birnbaum

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CoreLogic Reports Jump in Mortgage Fraud Risk

The risk of fraud in mortgage applications increased 16.9 percent in the second quarter compared to the second quarter of 2016, according to CoreLogic’s latest Mortgage Fraud Report. The analysis found that during the second quarter of 2017, an estimated 13,404 mortgage applications, or 0.82 percent of all mortgage applications, contained indications of fraud, as

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The Importance of Educating Clients About the Threat of Wire Fraud

By Preston Guyton Wire fraud is a serious concern, and it can happen during a real estate transaction. One of the best things real estate professionals can do for their clients is educate them on how this happens, how common it really is and how clients can protect themselves from the dangers. By doing that,

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Find Your ‘What If?’ at ALTA ONE

How do you empower yourself and your co-workers to be the best they can be? As a Hall of Fame international keynote speaker, author, comedian and world-class guitarist, Mike Rayburn is an inspirational thought leader and one of the most in-demand and un-conventional keynote artists in the world. Drawing from his success as an entrepreneur

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TRID Allows for Partial Exemption for Housing Assistance Loans

Housing finance agencies (HFA) offer individuals, families and businesses a wide range of support in realizing their dreams. Loans provided by housing finance agencies or by private creditors who partner with housing finance agencies that extend credit within the guidelines of HFA programs are low-cost, non-interest bearing and subordinate- lien loans. These loans allow middle to low

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Revised DC WASA Procedures – REGISTER TODAY

It has come to our attention that DC Water has changed their procedures for requesting certain documents. DC Water will no longer accept ownership change, final bill, balance due, or payoff requests via email. All title company representatives must register to use and submit requests through the portal at https://3pp.DCWater.com. Registration is open between August 31,

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ROD Update: First-Time Homebuyer Application

You may be aware that the DC Council recently passed the First Time Homebuyer Tax Benefit Amendment Act of 2015. The Office of Tax and Revenue is interpreting the legislation to require the collection of documentation by title agents and auditing. To prepare for the October 1 implementation date, the Recorder of Deeds has announced

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ALTA Registry: Be Part of the Solution

  In 1878, New Haven, Conn., became home to what is considered the world’s first telephone directory, consisting of a single piece of cardboard that included listings for 50 individuals, businesses and other offices in the city of 150,000 people. While other businesses had used telephones before—even printing lists of subscribers—the New Haven version claim to primacy rests on the

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