Mortgage Daily has reported that there was no quarterly change in the risk of mortgage fraud, according to the 2Q 2014 National Mortgage Fraud Risk Index published by analytics firm Interthinx.  However, the risk of Valuation fraud was up for the quarter.

The mortgage fraud risk index, which is based on an analysis of loans

The city of Hackensack, N.J., has asked the NJ Supreme Court to determine whether a municipality seeking to condemn property must expressly find that the property is “blighted” in order to meet the constitutional eminent domain standard.  It seeks to overturn an Appellate Division ruling that rejected the city’s plan to condemn two properties on

The PA Supreme Court on Tuesday declined to hear an appeal in a Mercer County eminent domain case.  The case involves Mercer Area School District’s attempt to condemn property that borders school grounds to extend a parking lot and build an emergency access point.  The School Board first attempted to condemn land in 2010.  However,

The New Jersey Appellate Division recently held that Hoboken cannot designate an 11.5-acre site in the city as an “area in need of rehabilitation,” which had allowed it to implement a redevelopment plan.  It found that the Hoboken City council misinterpreted the appropriate statute.  The Appellate Division held that it was unclear whether the council

The Georgia Supreme Court recently ruled that a condemning authority cannot unilaterally dismiss a condemnation action after the special master has rendered an award. In Dillard Land Investments LLC v. Fulton County, 2014 Ga. LEXIS 583 (Case No. S13G1582, decided July 11, 2014), Fulton County filed a petition for condemnation for a library development

Vermont Gov. Peter Shumlin wants the VT Department of Public Service to hire an independent property appraiser to participate in eminent domain proceedings for the Addison-Rutland Natural Gas Project. “I am concerned at the transparency and equity issues that have been raised by Vermont Gas’s negotiations with landowners,” Shumlin wrote in a letter Monday. “I

The NJ Supreme Court has ruled that a borough was not required to negotiate with the holder of the final foreclosure judgment prior to condemnation of the encumbered property.  In Merchantville v. Malik & Son LLC, the Court held that the borough’s effort to negotiate directly with the record titleholder was legally sufficient.  Condemnors

The US House Financial Services Committee approved H.R. 5148 which would grant certain “high-risk” mortgages an exemption from having an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice (“USPAP”).  USPAP – the Uniform Standards of Professional Appraisal Practice – is provided by the Appraisal Foundation and is described as “the generally

The City of Orlando on Monday dropped its attempt to condemn a family-owned church to build a new Major League Soccer stadium.  The Church was the last holdout for the project.  Orlando will move the new stadium about a block west using property the city bought for $2 million.

Orlando and the Church have had

The Appraisal Institute has produced its Standards of Valuation Practice which may, in certain circumstances, be used as an alternative to “USPAP.” USPAP – the Uniform Standards of Professional Appraisal Practice – is provided by the Appraisal Foundation and is described as “the generally accepted standards for professional appraisal practice in North America. USPAP contains