Fund News and Alerts


Marketing Made Easy: Daily Tips & Suggestions

Marketing Made Easy: Daily Tips & Suggestions

Keep your motivation and marketing going with these helpful tips and suggestions. 

07/29/2021


Save Time with Double-Duty Calculators

Save Time with Double-Duty Calculators

Not Sure How You’ll Get It All Done? Our Real Estate Calculators can help! 

07/28/2021


Alert: Cloudstar Ransomware Attack

Alert: Cloudstar Ransomware Attack

The Fund has been made aware that Cloudstar, a popular cloud-hosting platform, has been sidelined by a ransomware attack. At this time, Cloudstar does not have an estimate on when its services will be available for customers. The Fund’s business operations are not affected by the ransomware attack. However, we are aware that some Fund Members may utilize Cloudstar’s services for various aspects of their business operations. If you have been affected by the Cloudstar ransomware attack, please contact The Fund’s Member Support Center for assistance at (800) 421-9378, support@thefund.com, or filling out the form.

Fund Members needing assistance from the Member Support Center should expect longer than normal wait times as we assist Fund Members with this issue.

07/18/2021


Alert: FinCEN E-Filers Beware

Alert: FinCEN E-Filers Beware

On June 16, 2021, FinCEN updated (“Modernized”) the website for filing Currency Transaction Reports (CTR). The new look will likely confuse experienced e-filers the first time it is accessed.  07/14/2021


Enrollment Open for Fall 2021 REPC Program

Enrollment Open for Fall 2021 REPC Program

The time is right for a Real Estate Paraprofessional Certificate

07/06/2021


Fund Members Must Be on High Alert for Mortgage Payoff Fraud

Fund Members Must Be on High Alert for Mortgage Payoff Fraud

True story: A closing agent received a spoofed phone call from a fraudster posing as the seller. The “seller” called to say that he had an issue with his mortgage lender’s payoff amount and said to expect to hear from the mortgage company. Soon after, an updated payoff statement was received with a slightly lowered amount due. The closing agent did not realize the wiring account number had changed and wired the payoff to the fraudster’s account. Read the article. 07/01/2021


Customize Affidavits Simply and Easily

Customize Affidavits Simply and Easily

 Customize, update, or edit affidavits quickly and easily by downloading affidavits as Word documents.

06/09/2021


Clearing Estate Taxes in Real Estate Transactions

Clearing Estate Taxes in Real Estate Transactions

When a Fund Member is handling a real estate transaction that involves a deceased owner, the potential for estate taxes is one of the many issues to be addressed. This is especially true for large estates, whether or not the deceased is a Florida resident. 

Under the terms of the Economic Growth and Tax Relief Reconciliation Act of 2001 (and subsequent amendments), any resident or nonresident dying on or after Jan. 1, 2005, is not subject to Florida estate taxes. Therefore, the focus of this article will be limited to addressing potential federal estate taxes during a real estate transaction.

Read the article.


 

06/01/2021


Trust Me – Addressing Trust Requirements In Commitments

Trust Me – Addressing Trust Requirements In Commitments

The Fund’s Underwriting department receives many inquiries from Fund Members seeking assistance with clearing trust requirements. Trusts can be complicated and often contain unrecorded terms and conditions that affect ownership of the real property interests held in trust. The purpose of this article is to introduce Fund Members to The Fund’s updated commitment clauses dealing with trusts and to explain why they are required and how the requirements can be cleared. With a little practice, Fund Members and their staff members can gain confidence in dealing with trusts.

There are three categories of deeds involving trusts that a Fund Member will regularly encounter — the Sec. 689.07, F.S., “as Trustee” deed; a land trust formed under the Florida Land Trust Act, Sec. 689.071, F.S.; and an express trust, either revocable or irrevocable, made pursuant to the Florida Trust Code, Ch. 736, F.S. The revocable inter-vivos trust, an express trust often used for estate planning purposes and to avoid probate, is by far the most common trust encountered by real estate practitioners.

Read the article

05/03/2021


ALERT! FinCEN GTO Extended

ALERT! FinCEN GTO Extended

A new Geographic Targeting Order (GTO) has been issued effective May 5, 2021 and ending on October 31, 2021.

04/30/2021

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