Fund News and Alerts

Contending with Memorandums of Interest

The Fund has noticed an increase in the number of recorded instruments titled “Memorandum of Interest” or words of similar import (the Memo) affecting real property throughout the state. The Memo typically refers to a Homeowner Benefit Agreement (Agreement) and is recorded in the public records to memorialize the Agreement and give notice of its specific terms. Such Agreements can affect real property in numerous ways and are often purported to be in effect for lengthy terms – decades in many instances. This article explains the Agreements, and their impact on owners’ and purchasers’ title to real property. In addition, this article identifies insuring concerns, and discusses approaches for obtaining satisfactions and releases from said Agreements. Note should be taken that specific Agreement terms may vary and examples discussed here are for illustrative purposes only. Read the article 08/01/2022

ATIDS XE - New Version Available Monday!

The newest version of ATIDS XE will be available on Monday, July 24. 
Upon launching ATIDS XE, the application will check for the upgrade and automatically install the latest version. To ensure the application will run smoothly, your system MUST have Microsoft's .NET Framework 4.8 installed. 

07/21/2022

The Sky’s the Limit with Cloud-Based E-Closing DT

On vacation? Working remotely? Meeting with a client? Access and manage files safely and securely from anywhere with Fund-friendly, cloud-based E-Closing DT! 

07/20/2022

FREE On-Demand Webinar: Avoiding Mortgage Payoff Fraud

Real estate practitioners face pronounced dangers due to cybercrime. Learn the nature and type of cybercrimes affecting Florida real estate closings; why mortgage payoff fraud is more pernicious than other types of cybercrimes, and steps the frontline practitioner can take to help reduce today’s threat vectors, including the implementation of new technologies, and the role of insurance. Watch Now

07/13/2022

Title Now Podcast: Homeowner Benefit Agreements

A new episode of Title Now is now available! Tune in to learn about a new title issue appearing in title searches.  These Agreements obligate an owner to pay a real estate commission, contain covenants running with the land, and potentially create a lien against the property that could be adverse to a buyer.  Don’t be caught off guard if one of these appears in your title search. 

07/07/2022

Avoiding Fraudulent Transactions: A Guide For Fund Members

The Florida real estate market has been very active for the last two years, spurred on by low interest rates on mortgages and a large influx of people relocating to the state. Unfortunately, with increasing land values and sales volume, it was inevitable that criminals have once again taken note of Florida’s prosperity and are attempting to steal as much as they can through fraudulent transactions. Read the article

07/01/2022

DoubleTime 9.2 Now Available

What’s new in DoubleTime 9.2? 

DoubleTime 9.2 includes Standard Commitment Clauses, ALTA 39, technical updates, and changes to the IRS 1099-S form.

Install DoubleTime^®9.2 to use new software features.

06/24/2022

ATIDS XE - New Version Coming Soon

To make your ATIDS XE experience even better, the application is being built to run on Microsoft's .NET Framework 4.8. The ATIDS XE upgrade includes several performance improvements.

06/24/2022

Take a Look at E-Closing DT!

Check It Out! “New & Improved”

Reminder: Visit E-Closing’s Expo booth at Fund Assembly for a demo of E-Closing DT's new features and capabilities. See for yourself how much better and easier it is to use! 

Not joining us in Orlando? Sign up for an online Demo. 

See for Yourself!

 

06/14/2022

Stay Tuned, ALTA 2021 Policy Forms are Coming Soon

After many years of work and deliberation, on July 30, 2021, the American Land Title Association published new policy forms and endorsements with an effective date of July 1, 2021. The 2021 ALTA forms include a new Commitment, Loan Policy, Owner’s Policy, Short Form Loan Policy, and some of the endorsements. The 2021 ALTA forms have been submitted for review and approval with the Florida Office of Insurance Regulation (OIR). Approval of the new forms for use in Florida is anticipated sometime in the coming months. Read article

06/01/2022