Fund News and Alerts


Ally Mortgage/GMAC and JP Morgan/Chase Foreclosures

Ally Mortgage/GMAC and JP Morgan/Chase Foreclosures

Recently, officials at GMAC Mortgage, a division of Ally Financial, Inc., JP Morgan/Chase, and most recently Bank of America announced that they are halting evictions of foreclosed borrowers and are halting REO sales in 23 states, including Florida.

10/04/2010


On-line Banking Risks

On-line Banking Risks

The conveniences of on-line banking and wiring funds bring new and significant risks.

08/03/2010


Fraudulent Law Firm Checks

Fraudulent Law Firm Checks

The Fund has been made aware of another type of fraudulent check scheme that is being perpetrated in Florida.

07/19/2010


New Address to Submit Reconciliations

New Address to Submit Reconciliations

The mailing address for your reconciliations has changed again.

06/28/2010


False Cashier's Check Scam

False Cashier's Check Scam

The Fund would like to alert our members to a scam that you should be aware of.

05/07/2010


New DFS Requirements for Itemization on the 2010 HUD-1

New DFS Requirements for Itemization on the 2010 HUD-1

On February 11, 2010, in a panel discussion with Florida Land Title Association members, Ray Wenger of the Florida Department of Financial Services (DFS) announced Florida specific requirements for completing the new HUD-1. With HUD's approval, DFS will require Florida title agents to itemize the premium charged for any endorsements issued and to itemize the abstract or title search fee charged.

02/22/2010


Attention Fund Corporate Members!

Attention Fund Corporate Members!

The address for submitting your monthly escrow account reconciliations has changed. 01/08/2010


Short Sale Programs

Short Sale Programs

The Fund has become aware of several "short sale programs" advertised on the internet and elsewhere that promise to make the investor lots of money with little or no work by purchasing and selling property through short sales.

06/08/2009


Implementation of Ordinance No. 08-133 - Certificate of Use

Implementation of Ordinance No. 08-133 - Certificate of Use

The Miami-Dade Board of County Commissioners (BCC) on March 3rd, 2009, implemented new procedures addressing Ordinance No. 08-133, effective 10 days after its adoption, unless vetoed by the Mayor. If vetoed, the resolutions become effective upon an override by the BCC.

03/04/2009


Phishing for Trust or Escrow Account Information

Phishing for Trust or Escrow Account Information

We have become aware of a scam wherein criminals posing as potential buyers of real property are asking law firms and title agencies for wiring instructions, purportedly for the purpose of initiating an incoming wire of deposit funds.

02/13/2009

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