Resolving Gaps in Real Estate Titles for Paralegals (OnDemand Webinar)

$149.00

SKU: 409567EAU

Description

Gain a clear understanding of title insurance policies and endorsement forms.Marketable real estate title is an indispensable element in every real estate sale and financing transaction, and yet mastery of the analysis and efficient transferring of title eludes many real estate professionals. Of what title defect warning signs and pitfalls should professionals be vigilant? Under what circumstances are title standards black and white, and when are they shaded or nuanced? Title insurers calibrate risks using past claims experience, legal precedent, and changing legislation and case law. Will title agents be receptive to requests for coverage? How should the request for coverage involving myriad issues be explained and presented to enjoy an optimal, concise outcome? Dealing with client expectations, of which residual issues or gaps in coverage should the client be made aware? Which among the spectrum of real estate titles will be insurable in light of specific liens, defects, and encumbrances revealed by the search of the public records and actual knowledge of the circumstances? This discussion will highlight current title insurance policy and endorsement forms and recent residential and commercial transaction examples.

Date: 2023-08-22 Start Time: End Time:

Learning Objectives

The Title Insurance Commitment

Alternative Forms of Title in the Marketplace

Evolving Title Insurance Policy Forms

Preparation of the Title Commitment: Behind the Scenes
• State Title Standards
• Title Insurer Guidelines
• Special Titles and Interests
• Railroads
• Native American Titles
• Minerals
• Encounters With Uninsurable Titles

Analyzing the Title
• Identity, Capacity, and Authority
• Mortgages and Liens
• Covenants, Conditions, and Restrictions
• Easements
• Easements That Benefit
• Easements That Burden
• Reciprocal Easements

Endorsements Worthy of Attention

NALA ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Duane H. Wunsch-Fidelity National Title Group, Inc.

Resolving Gaps in Real Estate Titles for Paralegals (OnDemand Webinar)

$199.00

SKU: 405102EAU

Description

Learn more on how to resolve issues that paralegals face while reviewing real estate titles.Paralegals working in the real estate department across the country face different obstacles, while reviewing real estate titles and assisting with the closing of commercial and residential real estate transactions. They need to know how to find title defects, which title defects can be cured and how to do it. Different types of title defects will be discussed based on real life examples. In addition, you will gain insight into what is a gap in title, why title insurance is required, what to anticipate before the closing, what to prepare for the closing and how to resolve obstacles during the closing and postclosing.

Date: 2019-03-14 Start Time: End Time:

Learning Objectives

A Quick Recap: A Word About Real Estate
• What Is Real Estate?
• Who May Have an Interest in or Lien Upon the Property?

Why Do You Need Title Insurance?
• Protection During the Gap Period
• Payoffs
• Title Defects
• Gap in Ownership and How to Fix It
• Title Commitment Schedules
• Placing Documents on Record: How Big Is the Gap?

Steps to Close the Gap
• Continuation of Title
• Gap Endorsement and Gap Coverage
• Owner’s Affidavit and Indemnifications
• Closing Instructions and Escrow Letters
• Date Down Search

Closing the Transaction
• Traditional Closing
• Gap Closing

No Credit Available

Mariana Fradman, MBA-New York City Paralegal Association