This seminar is designed for attorneys, paralegals, and other legal staff, title officers, real estate and insurance professionals and lending officers.
This seminar focuses upon the nature of title insurance in land transactions, the examination of record title in the issuance of insurance and coverages available. Attention will be given to the protections afforded owners and lenders and the role of surveys in the process. Time will be spent on various ethical issues in real estate transactions, including the revised unauthorized practice of law rule concerning title insurance. The course is designed to benefit the novice, as well as the experienced practitioner.
Topics to be discussed include:
• Title Insurance
• Title Examination
• Ethical Considerations
• Title Industry
• Policy And Endorsement Forms
9:00 a.m. - 10:30 a.m.
I. The Real Estate Title – Examination And Review
A. Conducting The Title Search – What To Look For
1. Court Decrees
3. Mortgage Foreclosures
10:30 a.m. - 10:45 a.m.
10:45 a.m. - 12:15 p.m.
I. The Real Estate Title – Examination And Review (Continued)
B. Understanding The Liens That Can Affect The Title
1. Municipal Liens And Tax Sales
2. Federal Tax Liens
3. Liens Imposed As A Result Of Environmental Laws
4. Mechanic’s Liens
5. Condominium And Homeowners’ Association Liens
C. What To Look For In Surveys, Descriptions And Plats
12:15 p.m. - 1:15 p.m.
Lunch (On Your Own)
1:15 p.m. - 2:15 p.m.
II. Ethical Considerations
B. Conflicts Of Interest
C. Disclosure Of Defects In Property
D. Unauthorized Practice Rules 6 And 7 And CRESPA
2:15 p.m. - 2:45 p.m.
III. Title Insurance – A Review
A. Basic Principles Of Title Insurance
B. Title Insurance As A Tool For The Practitioner
C. The Title Industry In Virginia Today
2:45 p.m. - 3:00 p.m.
3:00 p.m. - 4:30 p.m.
III. Title Insurance – A Review (Continued)
D. Examination Of The Title Policy
E. How To Handle Title Defects
F. Title Insurance In The Real Estate Transaction
G. How To Work With The Title Insurance Company On Special Issues
H. Review Of Policy Forms And Changes