By Lisa A. Tyler
National Escrow Administrator
More and more loan servicers are moving their bank accounts to a new national bank to take advantage of new technology that generates a unique bank account number for each payoff quote. Find out why this is posing a challenge to the title and escrow industry in "BANK wire information."
Learn more about "REMOTE online notarization (RON)" from Patricia Ihnat, Underwriting Counsel for the State of Oregon and Vice Chair of the Oregon Real Estate Board. In this article, she discusses RON and how it may provide an option for parties to real estate transactions who cannot physically be in the same room as the notary.
Sales of real property in West Virginia are subject to withholding when the seller is a nonresident person or entity. A nonresident entity is one which is not formed under the laws of the state and not qualified by or registered to do business in West Virginia. Read all about this month's state withholding topic in the article titled "WEST virginia real estate withholding."