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Resolving Real Estate Title Defects in Pennsylvania  

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This intermediate level seminar will benefit those professionals who need to know what potential title challenges exist and how to solve those problems to ensure an efficient real estate closing. Those who should attend include: Attorneys, Title and Abstract Professionals, Real Estate Professionals, Paralegals, Bankers

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Seminar Summary:

This detail-packed seminar will give you the tools you need to address the title issues that are standing between you and a smooth closing. (see full course description)

 

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Training Course Syllabus:


Identify and Prevent Problems Before They Occur

The goal of every real estate transaction is to have a successful closing that is on schedule and without any major surprises. Understanding the critical impact of title law on those transactions is priceless in achieving that goal. This detail-packed seminar will give you the tools you need to address the title issues that are standing between you and a smooth closing.

  • Review the purchase agreement's contingencies, forms and clauses in order to know what is required in your transaction.
  • Know your coverage, including which risks are covered by title insurance and how owner's and lender's policies differ.
  • Master the title examination process and be able to spot potential problems.
  • Ensure a well-represented client by adhering to specific disclosure requirements.
  • Find solutions to closing obstacles, including quiet title actions and easements.


  1. THE PURCHASE AGREEMENT
    9:00 - 9:30, William F. Hoffmeyer
    1. Title Review Contingency
    2. Survey Review Contingency
    3. Review of Typical Forms and Clauses
  2. TITLE INSURANCE
    9:30 - 10:30, Richard W. Stewart
    1. What is It?
    2. Owner's Policy
      1. What is Insured?
      2. Marketability
      3. Exclusions From Coverage
      4. Who is Covered
      5. The Coverage Amount
    3. Lenders' Policies
      1. What Lenders' Need
      2. Construction Loan Policies
      3. Multiple Mortgages
      4. Enhanced Policies
      5. Endorsements
  3. THE INSURED CLOSING - CLOSING PROTECTION LETTER
    10:45 - 11:15, William F. Hoffmeyer
  4. TITLE EXAMINATION - TITLE INSURANCE COMMITMENTS/ABSTRACTS OF TITLE/SURVEYS
    11:15 - 12:15, William F. Hoffmeyer
    1. Recognition of Defects
    2. Survey Review
    3. Forms of Opinion Letters and Checklists
    4. Review Issues Relative to Particular Entity Ownerships (Partnerships, Limited Liability Companies, Trusts, Estates)
    5. Marital Property Conveyancing
    6. Decedent's Estates
    7. Estate Planning Concerns
    8. Abstract Review
    9. Forms, Practice Pointers and Procedures
  5. ETHICAL CONSIDERATIONS
    1:15 - 2:15, Johnna J. Kopecky
    1. Formation of the Attorney-Client Relationship
    2. Conflicts of Interest
    3. Duties of Competence and Diligence
    4. Disclosure of Defects in Property
    5. Special Responsibilities to Sellers and Borrowers
  6. CURING TITLE PROBLEMS
    2:30 - 4:00, Richard W. Stewart
    1. The Quiet Title Action – When is it Needed and How do You do It
    2. The Marketability Clause as an Alternative to the Quiet Title Action
    3. Inheritance Tax
    4. Encroachments
    5. Unsatisfied Mortgages
    6. Defective Acknowledgement
    7. Federal Tax Liens
    8. Lack of Access
    9. Other Problems
  7. ACCESS AND ROAD ISSUES
    4:00 - 4:30, Johnna J. Kopecky
    1. Forest Service Roads and Conservancy District Access Issues
    2. Easements

Seminar Summary:

This detail-packed seminar will give you the tools you need to address the title issues that are standing between you and a smooth closing. (see full course description)

print this agenda print agenda for the Resolving Real Estate Title Defects in Pennsylvania training seminar

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