According to Mass. Gen. Laws Chapter 183, Section 21, the “power” or “power of sale” in a foreclosure proceeding is referenced as the “Statutory Power of Sale”. This power can be incorporated by reference but case law states that in order for a mortgagee to foreclose without obtaining prior judicial authorization upon default the mortgage must include the power or sale (see Culhane v….
We have recently updated our Cx801 Tax Information Authorization Form, which is a duplicate of the IRS Form 8821. This document is only used upon request and is applicable to a limited number of clients.
The update to the Tax Information Authorization form (Cx801) now allows for eSign functionality on a global scale….
All post-2021 first lien closed end standard security instruments in ConformX share the same logic in the notary acknowledgment area. This notary acknowledgment coding prints different text and content on the security instrument based on Property State (FI 1714) and Security Instrument Notary Type of Presence (FI 137249)….
Pursuant to MD. State Government Code § 18-213 for remotely located notarial acts we have updated Maryland Tax Property Affidavit (Cx15803) to include the following language: “This notarial act involved a remotely located individual and the use of communication technology.”
The designation will apply when the field “Security Instrument Notary Type of Presence” (FI 137249) equals ‘IPEN’ or electronic notarization”…
On May 1, 2024, Governor J. Kevin Stitt approved Oklahoma Senate Bill 57 which amends the last sentence in 19 O.S. 2021 § 298(B) by updating the following language in bold:
“The top margin of all documents shall be at least two (2) inches and all other margins shall be at least one (1) inch.”
The effective date for OK SB 57 is November 1,…
As stated in Fannie Mae Selling Guide Announcement SEL-2024-03, the following SOFR ARM Notes and Riders have been updated and are available for immediate use, but these SOFR ARM Notes and Riders must be used for any loans with note dates on or after November 1,…
In an effort to more easily identify Fannie Mae (Federal National Mortgage Association “FNMA”) forms located in Docutech’s document library, various Docutech document description names have been updated to include the FNMA form number followed by “FNMA” and the actual FNMA document name….
According to Maryland Property Tax §13-203(b)(1) if an individual is considered a “first-time Maryland home buyer” certain tax exemptions may apply for the rate of transfer tax. To qualify for the exemption each grantee or an agent of the grantee must provide a statement under oath,…
After our monthly review we have updated both Cx3970 Subterranean Termite Soil Treatment Builder’s Certificate (HUD-NPMA-99A) and Cx3969 New Construction Subterranean Termite Soil Treatment Record (HUD-NPMA-99B). Both forms have updated the public reporting burden statement at the top of the page and updated the warning at the bottom of the page. …
MERS is not named as the original mortgagee of record in the Maine security instrument for loans that are to be registered with MERS (Mortgage Electronic Registration Systems, Inc.). Lenders must use a Maine MERS Mortgage Assignment such as Fannie Mae/Freddie Mac Form 3749 (Cx1529) to assign loans to MERS instead….
