A new Geographic Targeting Order (GTO) has been issued effective November 17, 2018 and ending on May 15, 2019.
The current Geographic Targeting Order(GTO) expires on November 16th. The Fund expects that the Department of Treasury will issue another GTO just prior to or shortly after the expiration of the current GTO.
There is a critical message that requires the immediate attention of all Fund Members and their employees.
The Fund has become aware of unrecorded utility easements between 1940-1980, in favor of Sumter Electric Cooperative, INC. They were recently recorded in Lake, Marion and Sumter Counties.
It has been brought to our attention that there may have been suspicious activity regarding attempted sales of real estate with the typical scenario as follows: 04/11/2018
Alerts about this scam were sent to Fund Members in 2009 and 2010. We have not heard much about it since then, until now.
ALTA is alerting its members to delete a phishing email that appears to come from CEO Michelle Korsmo with the subject line "Case S.I 691/2017: Your Firm's Attention is Required" asking for prompt attention.
Additional Warning About the Ongoing Email Hacking Scam
Effective Feb. 16, FIRPTA general withholding rate increases from 10% to 15%.
Email hackers are changing wiring instructions in order to steal the seller's proceeds.