The 2018 Annual MAHT Report is required to be filed with the Maryland Affordable Housing Trust no later than March 31, 2019. The report can be e-mailed to: peter.brady1@maryland.gov . If you have any questions regarding the Annual MAHT Report or need a copy of the report please contact: Peter Brady, Esquire Phone # 301-429-7670…
Category: Settlements
T ’was the Night Before Settlement….2019
At the end of a busy real estate year and in the middle of the holiday season, it is natural to reflect upon how our individual business have done and to position our business for calendar 2019. So, the question becomes, will 2019 look like 2018 or something a bit different? My answer is that…
FBI Seeking Info on DC/MD/VA Fraud Scheme
The Federal Bureau of Investigation is seeking information about the target of an investigation into fraudulent real estate transactions. In an effort to help law enforcement, ALTA and TAN have partnered with the FBI to ask title and settlement companies in the DC area to review their open and recently closed files for information. Subject:…
ALTA prompts agencies to consider Kill Chain for Wire Fraud Hits
Hit by Wire Transfer Fraud? Use the Kill Chain Process Criminals launder billions of dollars overseas through financial fraud schemes like wire transfer fraud, corporate account takeovers, business e-mail compromise scams and other financially motivated crimes. The FBI offers a Financial Fraud Kill Chain (FFKC) process to help recover large international wire transfers stolen from…
Podcast: Flipping Houses with Mark Lynch & Pitbull Patti
What You’ll Learn In This Episode The dangers of illegal flipping What constitutes illegal flipping Whether you can legally buy a property without taking title How people cut corners when flipping What regulations did FHA enact for flipping The responsibility realtors have when selling investment property Advice on how best to make money in flipping Resources in This…
To Deposit the EMD or not Deposit…That is the Question: A Practical Answer
Recently, the Maryland Insurance Administration issued a Bulletin to all Maryland Title Insurance Producers in February of 2018 on Ernest Money Deposits held by settlement agents which produced more questions than answers. At least one underwriter issued a Bulletin to address the issue, but again offering little practical advice on this newly resurfacing topic. The…
Lender Collaboration: Email & Phone are not your Friend
By Vicki DiPasquale, Vice President, Simplifile Communication and collaboration technology has progressed leaps and bounds over the past decade, yet when it comes to lenders and settlement agents, phone calls, emails, and even fax are still the primary workflow methods. Of course, as the saying goes, “if it isn’t broke, don’t fix it,” but perhaps…