American Land Title Association

New Arizona Law Will Protect Homebuyers from Predatory Contracts

Retrieved on: 
Thursday, April 4, 2024
Create, Bill (law), Government, ALTA, AARP, Risk, Arizona State Legislature, Personal Services, Senate, Legislation, American Land Title Association

"The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.

Key Points: 
  • "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.
  • "We look forward to working on similar legislative solutions in other states to help protect homeowners against this predatory real estate practice."
  • "With the passage of SB 1218, the Arizona State Legislature has proven its commitment to protecting homeowners from deceptive and predatory practices.
  • We applaud the Arizona Legislature and Governor Hobbs for taking action to protect vulnerable older adults from deceptive and abusive practices."

ALTA, AARP Applaud Missouri AG on Lawsuit to Protect Homeowners

Retrieved on: 
Wednesday, April 3, 2024
Government, ALTA, AARP, Fraud, Personal Services, State, Legislation, American Land Title Association, Real estate

This practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.

Key Points: 
  • This practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.
  • This action puts companies using predatory business models on notice that the State of Missouri is serious about protecting its consumers."
  • "AARP is helping older adults steer clear from fraud, scams and other unscrupulous practices that threaten their economic security and savings," said Craig Eichelman, State Director of AARP Missouri.
  • We thank Attorney General Bailey for looking into this predatory business model that targets older adults and financially insecure homeowners."

New West Virginia Law Will Protect Homebuyers from Predatory Contracts

Retrieved on: 
Tuesday, April 2, 2024
Create, Government, ALTA, AARP, Real estate agent, Public policy, HB, Hope, Record, House, Deception, Fraud, Personal Services, American Land Title Association

"The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.

Key Points: 
  • "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.
  • The practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.
  • "We expect and hope to work on similar legislative solutions in other states to help protect homeowners against such predatory housing practices."
  • "We applaud the West Virginia Legislature and Delegate Lucas for standing up for consumers to safeguard them against fraud, deception and unfair practices."

New Kentucky Law Will Protect Homebuyers from Predatory Contracts

Retrieved on: 
Monday, April 1, 2024
Create, Government, ALTA, AARP, Public policy, HB, Hope, Record, House, Personal Services, American Land Title Association, Insurance

"The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.

Key Points: 
  • "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.
  • We have to ensure that there are no unreasonable restraints on a homebuyer's future ability to sell or refinance their property due to unwarranted transactional costs."
  • The practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.
  • "We expect and hope to work on similar legislative solutions in other states to help protect homeowners against such predatory housing practices."

ALTA Good Deeds Foundation Awards $132K in Grants

Retrieved on: 
Wednesday, March 20, 2024
City Mission, Organization, ALTA, ANT, Autism spectrum, Charitable organization, Organic, American Dream, Housing, Food, American Land Title Association, Army, Pharmaceutical industry

WASHINGTON, March 20, 2024 /PRNewswire/ -- The American Land Title Association (ALTA) Good Deeds Foundation , a registered 501(c)(3) charitable organization founded by ALTA , the national trade association of the land title insurance industry, today announced the recipients of $132,000 in grants.

Key Points: 
  • WASHINGTON, March 20, 2024 /PRNewswire/ -- The American Land Title Association (ALTA) Good Deeds Foundation , a registered 501(c)(3) charitable organization founded by ALTA , the national trade association of the land title insurance industry, today announced the recipients of $132,000 in grants.
  • "By providing grants to community nonprofits, title insurance professionals and the ALTA Good Deeds Foundation are able to make a huge impact."
  • To see an example of the types of charitable organizations that receive grants from the ALTA Good Deeds Foundation, click here .
  • The ALTA Good Deeds Foundation was launched in 2020 to bolster the charitable efforts of ALTA members.

White House Touts Title Insurance Waiver Program as Promise of SavingsBut Program Doesn't Help First-Time Homebuyers or Low-Income Households, says American Land Title Association

Retrieved on: 
Friday, March 8, 2024
Bureau, Multimedia, Investment, Disclosure, White, FHFA, CFPB, GDP, Administration, ALTA, Safety, Blog, Union, Congress, American Land Title Association, Consumer, Speech, Housing, Research, Insurance, Real estate

In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.

Key Points: 
  • In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.
  • Ninety percent of title companies are small businesses, many of them women-owned, and these businesses operate in every county in the country.
  • The American Land Title Association (ALTA) is committed to working with policymakers to thoughtfully address housing affordability and opportunity while also protecting consumers and their most important investments.
  • To read ALTA's previous statement on the White House announcement of the waiver pilot program click here: ALTA Says White House Attack on Title Insurance Offers False Promise of Savings
    View original content to download multimedia: https://www.prnewswire.com/news-releases/white-house-touts-title-insuran...

New Indiana Law Will Protect Homebuyers from Predatory Contracts

Retrieved on: 
Thursday, March 7, 2024
Public policy, Hoosier, Personal Services, Record, Hope, Government, Create, ALTA, House, Legislation, HB, American Land Title Association, AARP, Cryptocurrency

"The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.

Key Points: 
  • "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.
  • We must ensure that there are no unreasonable restraints on a homebuyer's future ability to sell or refinance their property due to unwarranted transactional costs."
  • The practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.
  • "We expect and hope to work on similar legislative solutions in other states to help protect homeowners against such predatory housing practices."

Small Business-Dominated Title Industry Generates $30 Billion Annually to U.S. GDP, New Study Finds

Retrieved on: 
Wednesday, March 6, 2024
GDP, ALTA, Collection, Tax, Employment, Statistics, Child, American Land Title Association, Insurance, QUEST

WASHINGTON, March 6, 2024 /PRNewswire/ -- The title insurance and settlement services industry directly generated $30 billion of GDP in the United States economy and 155,000 jobs in 2022, according to a new report released today by the American Land Title Association, the national trade association of the land title and settlement services industry. Conducted by Ernst & Young's Quantitative Economics and Statistics (QUEST) team, the report measures both the direct and broader U.S. economic impact of the title industry, 90 percent of which are small businesses.

Key Points: 
  • Conducted by Ernst & Young's Quantitative Economics and Statistics (QUEST) team, the report measures both the direct and broader U.S. economic impact of the title industry, 90 percent of which are small businesses.
  • "Despite economic challenges in 2022, the industry continued to deliver jobs, support small businesses, provide critical funding for community priorities and, importantly, protect millions of Americans' property rights."
  • Additionally, 174,000 jobs, $11 billion in wages and benefits, and $20 billion in GDP were supported by related consumer spending.
  • The new report also identifies the states most directly impacted by the title and settlement services industry.

New Virginia Law Will Protect Homebuyers from Predatory Contracts

Retrieved on: 
Thursday, February 29, 2024
Bill (law), General assembly, Public policy, Personal Services, Assembly, Record, Hope, Government, Create, ALTA, VLTA, Legislation, American Land Title Association, AARP, Senate

"The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.

Key Points: 
  • "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.
  • The practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.
  • "We expect and hope to work on similar legislative solutions in other states to help protect homeowners against such predatory housing practices."
  • "Homeowners in Virginia will now be better protected from misleading and predatory real estate practices," said AARP Virginia State Director Jim Dau.

ALTA, AARP, SLTA Applaud Georgia AG on Consumer Exploitation Lawsuit

Retrieved on: 
Monday, February 26, 2024
Multimedia, Personal Services, Fraud, Government, ALTA, Legislation, American Land Title Association, State, AARP, Insurance

This practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.

Key Points: 
  • This practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for the exclusive rights to sell the property.
  • "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser.
  • Attorney General Carr is the ninth attorney general to sue MV Realty over its "Homeowner Benefit Program."
  • Georgia is demonstrating to the country that it is possible to be a top state for conducting business while simultaneously protecting consumers.