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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ROD Announcement: First-Time Homebuyers

Please see the attached announcement from the Office of Tax and Revenue relating to the reduction in recording taxes for first-time homebuyers in D.C. OTR Tax Notice 2017-2: Reduced Recordation Tax Rate for First Time Homebuyers Recently enacted legislation will lower the recordation tax rate payable on residential properties (including cooperative units) acquired by first-time

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Industry News

From Caribbean Roots and a Random Convo With Warren Buffet to a Career in the Title Industry

Member Profile: Deborah S. BaileyAttorney – Managing Member | Bailey Helms Legal LLC   How long have you been in the title industry and how did you get started in this profession? I entered the title industry in the fall of 1998 as part of a project to assist the Clerk of Superior Court of

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40% Increase in RON Usage, Qualia Finds

In a study examining the effects of COVID-19 on real estate businesses, Qualia found nearly a 40 percent surge in remote online notarization (RON) usage from April to May. Survey Qualia survey included 335 responses from real estate professionals. Additionally, those surveyed identified a positive outlook for real estate as states began to open up,

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#GoodDeeds: Check Out These Acts of Kindness

Wisconsin-based Town n’ Country Title (TNCT) recently donated $2,500 to Firefighters Credit Union, which in turn pledged to match dollar-for-dollar up to $50,000 to the local Hunger Task Force of La Crosse. In total, $184,000 was raised through the campaign. Pictured is (left to right) Jennifer Luedtke (TNCT HR manager), Nancy McHugh (TNCT president/owner) and

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#GoodDeeds: Proper Giving

Throughout the year, Illinois-based Proper Title donates a percentage from each closing (purchase and refinance) to its charitable arm Proper Giving foundation. Jayne Corcoran, marketing director for Proper Title, said the company donates the money to Chicagoland philanthropic organizations. In 2019, Proper Title donated $45,000. One of the title company’s main benefactors is Ann &

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