Fund Alerts

Today, the Florida Office of Insurance Regulation approved the use of the 2006 ALTA Forms.  These forms are available for immediate use by Fund Members.  In Florida, after March 1, 2011, the use of the 2006 ALTA Forms will be required for all loans sold and delivered to Fannie Mae.

This alert was originally published in January 2009.  The scam has not gone away, and has recently been brought to our attention again.

As those who attended the FLTA Convention two weeks ago learned, two years ago, the Florida Legislature mandated that effective January 1, 2011, all contracts for the sale of a residential property must include certain information about the windstorm mitigation rating of the structure.

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.

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

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

The mailing address for your reconciliations has changed again.

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

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.

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.