OTR Homestead Unit Suspending Processing Of Homestead Applications

The division of the DC Office of Tax and Revenue that processes Homestead/Senior/Disabled applications (FP-100) has announced that, as of July 17, 2019, it will suspend the processing of applications, grant benefits, and tax account adjustments. This action was “taken to meet a demanding billing timeline to reconcile tax accounts” associated with the upcoming 2019

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iTitle Agent: Automation and Artificial Intelligence Can Reduce Costs, Improve Efficiency

By Jeremy Yohe Discussions around artificial intelligence (AI) and automation often range from apocalypse to utopia. The truth lies somewhere in between. According to the Metropolitan Policy Program at Brookings, the power and prospect of these technologies initially alarmed experts, fearing that machine advancements would destroy jobs. The conversation now seems to be more balanced,

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Wisconsin Title Industry Veteran Going Strong at the Age of 90

No matter what the industry, a full-time job can be stressful, exhausting, frustrating, and can cause even the most optimistic of employees to dream of retirement. Many count down the days until they are finally free of the seemingly endless cycle of work weeks that eventually start to blend together making it challenging to remember

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How Has the Housing Market Changed Since the End of the Great Recession?

By Odeta Kushi June marked the 10-year anniversary of the end of the Great Recession. Amid Independence Day celebrations, assessing how the American dream of homeownership has fared since the recession can provide helpful context for the health of today’s housing market. We have assembled a set of housing metrics and compared their values today

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Zealous Gen Z: Many in This Group Saving Early to be Homebuyers by Age 25

Generation Z is ambitious about homeownership, and it shows through their savings habits. According to realtor.com, Gen Z-ers (ages 18 to 24) interested in homeownership are two times more likely than previous generations to be saving or plan to be saving for a home by age 25—and two of five Gen Z-ers are aiming to

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The Benefits of E-Recording

In 2018, the U.S. Treasury offered several recommendations to improve the electronic closing and recording process. Among them, the Treasury said that recording jurisdictions that don’t recognize and accept electronic records should implement the necessary technology updates to process and record these documents and pursue digitization of existing property records In drafting the report, Treasury consulted many

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The Basics of E-recording

In 2018, the U.S. Treasury offered several recommendations to improve the electronic closing and recording process. Among them, the Treasury said that recording jurisdictions that don’t recognize and accept electronic records should implement the necessary technology updates to process and record these documents and pursue digitization of existing property records Earlier this year, Kentucky passed

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DCLTA Board elected 6/13/2019

June 13 was the biennial Board election for the DCLTA.  Justin Ailes, Sr VP of Policy at ALTA was on hand to introduce the candidates, oversee the election, and administer the oath of office.  Justin also spoke on some relevant issues facing the industry. Following were appetizers, wine & beer.  We also offered a prize

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ClosingCorp Reports 2018 Average Closing Costs

Closing costs for a single-family property in 2018 averaged $5,779 including taxes—and $3,344 excluding taxes—according to the latest data from ClosingCorp. ClosingCorp cost calculations include lender’s title, owner’s title, appraisals, settlement fees, recording fees, land surveys and transfer tax. To determine the average single-family home sale ranges, ClosingCorp uses home price data from CoreLogic to create a $100,000 price range. “The average home price is

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