DC Passes Grocery Store Covenant Legislation

The D.C. Council has passed legislation making covenants or restrictions that restrict the ability of certain property to be used as a grocery store or food retail store void or unenforceable. The Grocery Store Restrictive Covenant Prohibition Act of 2018 is intended to prevent “food deserts” from forming in the District. The legislation’s impact on

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TOPA to Exclude Single-Family Residences

Last month the D.C. Council passed the TOPA Single-Family Home Exemption Amendment Act of 2018 to exclude single-family homes (with certain exceptions) from the scope of TOPA, including those with accessory dwelling units. DCLTA worked extensively with the Council on behalf of our membership for certain technical provisions to provide clarity in underwriting TOPA in

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BuyerDocs Unveils Service That Sends Wire Instructions Via Text

BuyerDocs recently launched a service that allows companies to send text/call notifications to alert homebuyers of their wiring instructions. This is an additional notification to the email the homebuyer also receives. Here’s an example of the text message homebuyers receive: The dialog for the phone call notification is created using Google’s text-to-speech API, which incorporates the

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DC Council’s Proposed FY 2019 Budget is Released

The District of Columbia Council has released its proposed FY2019 budget for the period beginning July 1, 2018. Proposed tax changes include: Modifications to the commercial property tax rates and new tax credits Increase in the hotel tax New tax credits for grocery stores, retail and sit-down restaurants in Wards 7&8, including recordation/transfer tax waiver

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ALTA Promotes Capitol Hill Day on Pandora

ALTA is advertising on Pandora to inform members of Congress and their staff about our upcoming Advocacy Summit and Capitol Hill day on May 23.  Below is an image of the ad and you can also listen to the recording. Pandora_recording How Congress Can Help Fix Consumer Confusion When Buying a Home Pass TRID Improvement Act

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How Congress Can Help Fix Consumer Confusion When Buying a Home

Pass TRID Improvement Act Under the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule, title insurance companies are not permitted to disclose available discounts for title insurance on TRID’s required disclosure forms. This creates inconsistencies in mortgage documents, causes confusion for homebuyers and undermines trust in the homebuying process. The bipartisan TRID Improvement

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What Do Consumers Really Want from the Mortgage Process?

Consumers are getting more comfortable with a digital mortgage process but still want someone to hold their hand and explain things to them when buying a home, according to Ellie Mae’s second annual Borrower Insights Survey. Ellie Mae surveyed 3,006 U.S. adults who are current homeowners and renters above the age of 18. With a

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Make an Impact: Share Your Story

ALTA needs your help! This time each year, ALTA strives to leave a lasting impression on Congress. We want members of Congress not only to know what title insurance is and how it benefits consumers, but also who we are as title insurance professionals and what we do for each of our local communities. The

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