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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Leading the Industry’s Innovative Charge

Over the past several years, Eddie Oddo has been at the forefront of innovation in the title insurance industry. Whether its been helping develop standards for remote online notarization or the creation of the ALTA Title & Settlement Agent Registry, Oddo has made sure the industry’s interests are well represented as new products are developed

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Our Values Profile: Protecting Customer Money

Last June, a transaction handled by Pennsylvania-based White Rose Settlement Services Inc. was going smoothly. Then, an attorney client’s email was hacked a week before the $9 million deal was scheduled to close. Due to the quick action of company President Shonna Cardello and her team, the money was recovered. In addition, in November 2017,

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Maryland Governor Signs RON Bill

Maryland Gov. Larry Hogan recently signed Senate Bill 678 into law enabling remote online notarizations (RON). In April, Maryland’s legislature passed the bill, which modifies the state’s Uniform Law on Notarial Acts and allows for remote online notarization for real estate transactions. The bill was sponsored by Sen. JB Jennings. The legislation will go into

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2018 ALTA TIPAC Awards

During the 2019 Advocacy Summit, ALTA honored individuals and entities for their effort in helping to raise donations in 2018 for the Title Industry Political Action Committee (TIPAC). “We are proud to present these awards in honor of the title professionals who understand the commitment to making TIPAC stronger each and every year,” said David Townsend NTP, chair

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How Have the 2017 Tax Law Changes Impacted Real Estate Prices?

By Odeta Kushi Enacted in 2017, the Tax Cuts and Jobs Act reduced tax breaks for homeowners. At the time, many in the real estate industry expected the changes to negatively impact the housing market, particularly in high-priced neighborhoods. The industry concern primarily focused on two specific changes included in the bill: the mortgage interest

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Princess of Title Goes to Washington

The ALTA Advocacy Summit can seem intimidating to those who have no experience on Capitol Hill. In-person meetings with the Congressmen and women who govern the country can feel intimidating and nerve-wracking. ALTA members sometimes hesitate to attend the event because they don’t feel like they can answer questions or be the “expert in the

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North Dakota Governor Signs Remote Online Notary Bill

North Dakota Gov. Doug Burgum recently signed House Bill 1110 into law enabling remote online notarizations (RON). The bill, which revises the state’s Uniform Law on Notarial Acts (RULONA), goes into effect Aug. 1, 2019. The Secretary of State must promulgate rules before remote online transactions can be performed in the state. North Dakota joins

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Paving the Way for Women in the Title Industry

By Patrick T. Roe Although women today hold many leadership positions in title insurance companies, agencies, state trade associations, and the American Land Title Association (ALTA) , we know this was not always the case. In fact, ALTA would not have a woman president until 2000 when Cara L. Detring NTP had the honor. But

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Win a VIP Capitol Hill Experience

Want to win a trip to Washington, D.C., for a VIP Capitol Hill experience? All you must do is take our Congressional Liaisons survey and start reporting your activity with members of Congress. The top three Congressional Liaisons will win a free trip—including airfare and hotel—to the nation’s capital. Winners will be based on reported

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