Category Archives: Title Insurance
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Client Alert: Wilson v. Eagle National Bank
The United States District Court for the District of Maryland has allowed a complaint alleging Sherman Act violations by a lender in purported conspiracy with its internal title company and competitor title company to proceed. In Wilson v. Eagle National Bank, the Court held that allegations of horizontal price-fixing in title and settlement services, if proven true, constitute per se ... Read More
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Client Alert: Yacko v. Mitchell
The Court of Special Appeals of Maryland has issued an opinion adverse to lenders decrying the “high volume of foreclosure cases” in which lenders “often treat these matters as routine and expect our courts to rubber-stamp the foreclosure with methodical expediency.” In Yacko v. Mitchell, the Court noted that the Maryland Rules mandate that trial courts slow the foreclosure action ... Read More
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Client Alert: Batstone v. Chicago Title Ins. Co.
Earlier this week, the United States District Court for the District of Maryland issued a decision interpreting Covered Risk 5 (“someone else has a right to limit Your use of the Land”). Given the relative rarity of written decisions interpreting title policies, it is worth a review of this decision. In Batstone v. Chicago Title Ins. Co., Louise and Griffith Batstone ... Read More
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Client Alert: SGT Kang’s Group, LLC v. Board of County Supervisors
The Supreme Court of Virginia recently issued an unpublished decision interpreting a reservation of easements prior to a recorded dedication. While unpublished, the decision provides valuable insight into the mindset of the Supreme Court. In SGT Kang’s Group, LLC v. Board of County Supervisors, two adjoining property owners in Prince William County obtained special use permits to construct a car wash ... Read More
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Client Alert: Easement Decisions in the Court of Special Appeals of Maryland
The Court of Special Appeals of Maryland has issued two new easement decisions of importance to real estate practitioners. Both decisions provide rare detailed analysis from the Court of Special Appeals into easements and are worth review. In Hejazi v. Sears, Hejazi’s predecessor-in-title conveyed an easement “over, upon and across” the subject property to Sears granting “exclusive rights to the use ... Read More
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VA: Foreclosure Purchasers Face New Potential Hurdle In Virginia
In Parrish v. Federal National Mortgage Association, the Virginia Supreme Court ruled 5-2 that when a defendant raises a bona fide question of the plaintiff's title in an unlawful detainer/ejectment action before the General District Court, that court loses subject matter over the case and the plaintiff must vindicate its title in the Circuit Court, thereby creating another ... Read More
Major Changes for Foreign Seller Transactions
Title professionals are familiar with the requirement to withhold 10% on sales of real property (including short-sales) by foreign nationals pursuant to the Foreign Investment in Real Property Tax Act (FIRPTA). Beginning on February 16, 2016, the percentage will increase to 15%. There are a few exemptions: On properties that sell for ... Read More
Virginia Supreme Court Rejects Role of Juries in Title Insurance Bad Faith Claims
In a new opinion that merits review by anyone who underwrites title or defends title insurers in Virginia, a 6-1 majority of the Virginia Supreme Court held that Virginia Code sec. 38.2-209 requires that judges, not juries, make the determination of whether an insurer has acted in bad faith under ... Read More
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Online Filing – Income and Expense Report DC and Building Permits.
DC moves its technology forward to facilitate easy on-line filing. Commercial property owners can anticipate receipt of notification from OTR that on-line filing of Income and Expense forms is available. While online filing will be option for this year, it will be mandatory next year. The due date for the form remains unchanged: April 15. The paper forms are available at the OTR website ... Read More