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.
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 2021 Owners’ Policy
- ALTA 2021 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: How to Communicate
- Title Defects/Risks Appropriate/Inappropriate for Indemnities
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
Miscellaneous
- 2021 ALTA Commitment Comparison With the 2006 ALTA Commitment
- 2021 ALTA Policies Comparison With the 2006 ALTA Policies
- Risks Associated With New Construction
- Issues Involving Remote Online Notarization (RON)
Speakers
Duane H. Wunsch,
Fidelity National Title Group, Inc.- Vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office
- 30 years of experience as in-house underwriting and claims counsel
- Frequent lecturer to both attorney and nonattorney customer groups
- Regularly conducts training sessions for title and escrow staff
- J.D. degree, Emory University; B.A. degree, University of Wisconsin-Madison
- Can be contacted at 262-796-3852 or duane.wunsch@fnf.com
Who Should Attend
This live webinar is designed for attorneys, presidents, vice presidents, property managers, real estate professionals, developers, building owners and managers, lenders and title professionals.
