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Credits

Sponsored by Lorman Education
Product ID: 404059EAU
 
Credit & Course Provided by:

ALTA Owners' and Lenders' Policies

OnDemand Webinar (88 minutes)

Learn how to handle real estate title issues and avoid liability with title insurance.Examine the changing role of title insurance in real estate transactions and review policy forms, with an emphasis on the 2006 ALTA Policy and the latest ALTA endorsements appropriate to commercial transactions. Using the commitment for title insurance, this topic will discuss how you can avoid title pitfalls and coverage gaps, expedite a pre-closing response to coverage requests, and ultimately enhance coverage. Critical legal issues and practical considerations often coincide with factors that mask underlying real estate title impediments. Distinguishing among the array of popular endorsements and obtaining endorsements that matter will be discussed. This topic is designed to discuss a wide range of title issues and their resolution using both the basic title insurance policy and expanded coverage alternatives.

Authors

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

Agenda

Purpose and Nature of Title Insurance

  • Pitfalls of the Public Land Records and the Recording System
  • Protection and Safety
  • Abstracts of Title Compared
  • Casualty Insurance Distinguished

Types of Policies

  • ALTA Owners' Policy
  • ALTA Loan Policy
  • Evolving Policy Forms
  • Components of a Typical Title Insurance Policy

Procedures and Information

  • Placing an Order Properly
  • The Search and Examination Process
  • Spectrum of Interests in Land, Insurable and Uninsurable

Getting Ready for Closing

  • Commitment
  • Clearance

Endorsements

  • Array of ALTA Endorsements
  • Recent Changes to the ALTA Endorsements
  • How to Match the Transaction and Parties With the Proper ALTA Endorsement
  • ALTA 9 Series and Progeny
  • Endorsements That Matter: Commercial Transactions
  • Endorsements Worthy of Consideration: Residential Transactions
  • Additional Coverage Alternatives

Miscellaneous

  • 2006 ALTA Policy Comparison to 1992 ALTA Policy
  • Risks Associated With New Construction

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info