From the category archives:

Industry News

Anne Anastasi’s Year as ALTA President

Industry News September 14, 2011

As Anne Anastasi, CLTP begins to wrap up her term as ALTA President, she took a moment with PLTA to reflect on her journey along the way and share with us her plans for the future. When asked what she viewed as the major accomplishments of her Presidential year, Anne spoke first about Title 101, [...]

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LEGISLATION BANNING PRIVATE TRANSFER FEES SIGNED BY PENNSYLVANIA GOVERNOR

Industry News June 24, 2011

On Friday, June 24, 2011 Pennsylvania Governor Thomas Corbett signed into law House Bill 442, which will ban the practice of Private Transfer Fees (PTFs) throughout the Commonwealth. With this signing, Pennsylvania becomes the 36th state to have banned or restricted PTFs. The Pennsylvania Land Title Association ® (PLTA) has worked for many months to [...]

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Transfer Fee Convenant

Industry News December 21, 2010

By Paul Trefz, CLTP, Vice President and Regional Underwriter for First American “Tell your friends I don’t want a lot. Just enough to wet my beak. Don’t be afraid to tell them!” Don Fanucci to young Vito Corleone – The Godfather: Part II, Mario Puzo A transfer fee covenant is a mechanism by which an [...]

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Mortgage Madness

Industry News December 21, 2010

By Dwight Edwards, Esq., CLTP, Vice President and Pennsylvania State Manager for Old Republic Title There are a number of situations when insuring a mortgage that can lead to a claim if not handled properly. We will be reviewing some of those throughout this article. One of the most dangerous is failing to have all [...]

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Are You Prepared for eMortgages?

Industry News October 12, 2010

by Dr. Vicki DiPasquale, CLC Open any mortgage banking magazine today and you will find articles about eMortgage strategies for residential lending. The mortgage industry has been talking about electronic origination, processing and closings for more than 10 years yet, until now, many lenders have been slow to adopt eMortgage technology and even slower to [...]

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Philadelphia Records Department Fraudsters Nailed

Industry News September 14, 2010

This summer a former Philadelphia Records Department employee was sentenced to two years in prison for creating and filing bogus deeds to about 100 properties in the city. Meanwhile, another Records Department employee was charged with taking bribes and cheating the city out of more than a half-million dollars in fees. Records Commissioner Joan Decker [...]

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CORE – Can Our Records Evolve?

Industry News September 14, 2010

by Philip Janny, CLTP, Vice President of PLTA Can Our Records Evolve? The title industry has spent millions of dollars over the last several decades to insure and assure property records across Pennsylvania and all across this country. Will recent technology cost the title industry millions more? Effective January, 2010 in my home county, Lehigh, [...]

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New Requirements for Allegheny County Deeds

Industry News July 20, 2010

by Paula Mack, Esq. On June 1, 2010, the Allegheny County Department of Real Estate is implementing the following changes: - All deeds must have TWO (2) Certificates of Residence completed – one for the tax bill mailing, and one for the owner. They can be the same address if the owner does not have [...]

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A Qualifying Financial Relationship Can Result in an Exemption From Philadelphia Transfer Tax

Industry News July 20, 2010

A version of this article first appeared on the PA Title Insurance Blog. Philadelphia homeowners are saving money on their property transfers, and it all comes down to three letters: FIP What is an FIP? In the City of Philadelphia, in accordance with Bill #070541 amending the Realty Transfer Tax section of the Philadelphia Code, [...]

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A Study (and possible reform) of the PA Tax Collection System is on Its Way

Industry News May 10, 2010

“If called to testify, every title professional would have at least one anecdote about the impossibility of obtaining tax information from a tax collector.” This was but one statement made by PLTA in its April 21, 2010 letter of support for Senate Resolution 250, concerning current tax collection systems throughout the Commonwealth. Specifically, Senate Resolution [...]

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