E-Letter

Help prevent wire fraud attacks

Written on May 18, 2017 at 3:09 pm

Did you know that title companies reported an increase in wire fraud attacks by almost 5 times during 2016? What are the common scams? How can businesses protect themselves?  What do you do if you are a victim? These important questions and more are addressed by the American Land Title Association in this article from  Read More Read More...

Foreclosures, Nonbank Lenders & Seller Financing

Written on November 16, 2016 at 11:33 am

“I’m an ordinary man, burning down the house . . .” – From Talking Heads’ “Burning Down the House” “And you may ask yourself, Am I right? Am I wrong? And you may say yourself, ‘My God! What have I done?'” – From Talking Heads’ “Once in a Lifetime” While keeping abreast of real estate  Read More Read More...

Real Estate Market Doldrums or Rebound?

Written on April 21, 2016 at 6:38 pm

“The strength of a nation derives from the integrity of the home.” (From the Chinese philosopher Confucius)   What’s the latest outlook on the housing market?  “Existing Home Sales Expected to Rebound and Could Be Stronger.” Check out this interview by TheStreet.com’s Rhonda Schaffler with First American’s Chief Economist Mark Fleming. Here is one answer to the current real  Read More Read More...

Updated NJ GIP/REP-1: Non-Resident Seller Tax Certification As Of 12/15/15

Written on December 18, 2015 at 5:27 pm

The NJ Division of Taxation has revised the GIT/REP-1 form: Non-Resident Seller’s Tax Declaration.  It is important that the new form be implemented immediately.  In addition to some style changes, a new required field “Owner’s Share of Consideration” has been added to the “Property Information” section of the form.   As to this new field, the instructions state,  Read More Read More...

NJ Seller’s Residency Certification/Exemption (GIT/Rep-3)

Written on October 2, 2015 at 3:42 pm

NJ Division of Taxation has revised the GIT/REP-3 form: Seller’s Residency Certification/Exemption.  In addition to semantic changes to many of the numbered items, 4 additional items have been added to the list of “Seller’s Assurances” as 11-14.  In addition, the instructions have been revised. NOTE: While the GIT/REP-1 form also has a new date on  Read More Read More...

Don’t worry about the government: Prepare for October 3rd TRID

Written on August 24, 2015 at 1:57 pm

“Some civil servants are just like my loved ones They work so hard and they try to be strong I’m a lucky guy to live in my building They own the buildings to help them along.”  Lyrics from Talking Heads – 77: “Don’t Worry About the Government” Are you ready for TRID?  October 3, 2015  Read More Read More...

CFPB Proposes TRID Implementation Delay Until Oct. 1

Written on June 18, 2015 at 9:58 am

“CFPB Misses the Mark on TRID Guidance,” notes ALTA.   The Consumer Financial Protection Bureau (CFPB) announced a proposal to delay implementation of the TILA-RESPA Integrated Disclosures (TRID) rule until Oct. 1. (Source – American Land Title Association, June 4, 2015) The CFPB failed to timely notify Congress under the Congressional Review Act, which requires agencies  Read More Read More...

Stand by me. Change coming August 1, 2015

Written on May 21, 2015 at 11:08 am

“Whenever you’re in trouble won’t you stand by me Oh stand by me, oh won’t you stand now, stand Stand by me ”  – From Ben E. King’s “Stand By Me”   Two kings of music deserve our tribute. Music legend Ben E. King, a New Jersey resident for over 40 years, passed away April 30th at  Read More Read More...

The Best of Times . . . the Worst of Times: Preparing for Compliance

Written on March 25, 2015 at 11:04 am

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness . . . ” – From Tale of Two Cities by Charles Dickens   vs. “Don’t Worry Be Happy” – Lyrics by Bobby McFerrin  Are you prepared for August 1, 2015? How will the new Consumer Financial Protection  Read More Read More...

The Supremes Come Through

Written on February 9, 2015 at 5:08 pm

“My cloudy days have been declouded Since you’re here so keep on shining Sunny boy, sunny boy . . . “ – From “He’s My Sunny Boy”   Lyrics by Smokey Robinson Performed by Diana Ross & The Supremes The Supremes come through! We all know about the 3-day right of rescission.  But a very recent  Read More Read More...