article thumbnail

Opinion: Foreign land ownership legislation and principles for protecting property rights

Housing Wire

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should mandate that authorized state agencies record relevant documents and court orders in local land records.

Land 408
article thumbnail

Digital closings have spiked 228% since 2019

Housing Wire

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. Now, in 2021, 46% offer digital closings, according to Diane Tomb, ALTA chief executive officer.

Closing 479
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

Closing 400
article thumbnail

AEGIS Land Title acquires Capital Title of Washington

Housing Wire

AEGIS Land Title Group last week announced the acquisition of Capital Title of Washington , a boutique independent title and escrow provider operating in the greater Seattle area. Meanwhile, Paul and Julie Hofmann have owned and operated AEGIS Land Title Group since 2015, after they acquired Stewart Title of Kitsap and rebranded it.

Title 368
article thumbnail

TitleOne acquires Land Title, expanding NW footprint

Housing Wire

TitleOne , a subsidiary of Realogy Title Group, announced today the acquisition of Land Title of Nez Perce County in Lewiston, Idaho. Land Title of Nez Perce County was previously owned and operated by Joe Strohmaier, a 25-year industry veteran who will continue to manage Land Title’s operations.

Title 397
article thumbnail

Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. That would not be pleasant.

Land 134
article thumbnail

Opinion: how digital closings can help with housing affordability

Housing Wire

One avenue to reduce cost and streamline the closing process is to offer digital closings. Lenders and title agents also reported they can close more loans faster with the same or fewer people, and improve overall loan quality by reducing critical errors, avoiding missed signatures and unnecessary rework.

Closing 410