This seminar is designed to provide attendees with information on how to effectively complete title work. It will review common issues involved with the closing of the sale of the property and the not-so-common issues that arise. This seminar is a must for all professionals involved in the sale and purchase of real estate.
- Gain a comprehensive understanding of the business side of title insurance
- Pick up valuable pointers on how to examine a title
- Ethical requirements for the title examiner
- Environmental liens and concerns in residential real estate transactions
- Eminent domain and considerations
- The attendee will be able to discuss eminent domain and condemnation.
- The attendee will be able to identify concerns in residential real estate transactions.
- The attendee will be able to review examination procedures.
9:00 a.m. - 10:15 a.m.
I. Examination Procedures
A. Review Of Title Documents
1. Abstract Of Title
2. Tax Search
4. Filed Tract Maps
5. Probate Documents
6. Foreclosure Documents
B. Scope Of Responsibility
C. Knowledge Of Applicable Laws
10:15 a.m. - 10:30 a.m.
10:30 a.m. - 11:00 a.m.
II. Ethical Requirements For The Title Examiner
A. Forming The Client Relationship
B. Responsibility For Client's Property And Funds
11:00 a.m. - 1:45 p.m. [Lunch (On Your Own) 12:00 p.m. - 1:00 p.m.]
III. Title Insurance
A. Title Insurance Fundamentals
1. Definition, Governmental Regulation, T.I.R.S.A. And Title Insurance Rates, ALTA And NYSLTA, Title Insurance Sources
B. Types Of Title Insurance
D. The ‘TOEPP' Policy
E. Working Effectively With Title Insurance
1:45 p.m. - 2:45 p.m.
IV. Environmental Liens And Concerns In Residential Real Estate Transactions
A. Lien Attachments
B. Liabilities Attaching To Site Developers And Owners
a. Inactive Hazardous Waste Disposal Sites
C. Discovery Of Contamination
1. Pre-Existing Data Banks
2. Phase I And II Environmental Audits
D. Case Studies
1. Niagara Falls
2:45 p.m. - 3:15 p.m.
V. Eminent Domain And Condemnation
3:15 p.m. - 3:30 p.m.
3:30 p.m. - 4:30 p.m.
VI. Special Considerations
A. Death Of Party To Real Estate Sale
B. Multiple Owners
D. Foreclosure Actions