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Real Estate Closings from Start to Finish

presented by NBI, Inc.
View the NBI, Inc. Profile and Course Listings

Summary

Real Estate Closings from Start to Finish

Workshop Description/Agenda

Handle Real Estate Closings with Skill and Efficiency

Real estate closings are a maze of confusion that require a skilled attorney to successfully navigate. Ensuring proper timing of seemingly disparate elements is critical to ensure closings remain on track and don't lead to further issues down the road. This course will provide you with the information you need to confidently orchestrate the real estate closing process from start to finish. You will obtain essential information on analyzing key transaction documents, resolving potentially devastating title defects, handling closing funds with efficiency and more. Take the confusion out of the real estate closing process - register today!

  • Confidently navigate the in's and out's of the real estate closing process.
  • Review sale agreements and coordinate key transaction elements before the closing date.
  • Analyze title commitments for issues that will lead to trouble down the road.
  • Confidently resolve critical last-minute closing issues that have the potential to derail the whole transaction.
  • Tie up any loose ends that may unravel after the closing, including post-closing title issues.
  • Avoid critical liability pitfalls that lurk in the real estate closing process.

Agenda

  1. The Closing Process Explained: A Practical Refresher
    9:00 - 9:30 Written and Presented by Margaret A. Sklenar in Ft Wayne and Janet Davis Hocker in Indianapolis.
  2. Preceding the Closing Date
    9:30 - 10:30 Written and Presented by Margaret A. Sklenar in Ft Wayne and Janet Davis Hocker in Indianapolis.
    1. Opening the Closing: How to Get Started
    2. Review of the Sale Agreement
    3. Insured Closing Letters vs. a Title Policy
    4. Coordinating a Settlement Date and Items Not to be Forgotten
    5. The Reports Arrive: Reading Payoff Letters, Tax Searches and Other Data
    6. Receipt of Closing Package from the Lender
    7. Circulation of Documents for Approval Prior to the Closing
    8. Other Documents Involved
    9. Example Checklists
  3. Proper Closing Procedures
    10:45 - 12:00 Written and Presented by Margaret A. Sklenar in Ft Wayne and Aleasha J. Boling in Indianapolis.
    1. The Role and Duties of the Settlement Agent
    2. Resolving Last Minute Issues at the Closing Table
    3. Document Signing
    4. Obtaining Identification
    5. Originals or Copies?
    6. Preparing the Documents for Recording
    7. Receipt and Handling of Funds from all Parties
    8. Deposits, Disbursements and Holdbacks
    9. Reconciling Funds Received on the Settlement Statement
    10. Avoiding Liability Pitfalls
    11. Example Checklists
  4. Reviewing the Title Commitment: What to Watch out for
    1:00 - 2:15 Written by Jeffrey A. Abrams. Presented by Mary A. Slade in Ft Wayne and Jeffrey A. Abrams in Indianapolis.
    1. Schedule A Landmines
    2. Schedule B Bear Traps
    3. Analyzing Land Surveys and Legal Descriptions
    4. Negotiating Removal of (or Affirmative Coverage for) Exceptions
    5. Essential Title Insurance Endorsements to Obtain
    6. Resolving Common Title Defects
  5. Post-Closing Procedures: Tying up Loose Ends
    2:30 - 3:30 Written and Presented by Craig D. Doyle in Ft Wayne and Indianapolis.
    1. Final Recording Information or Certificate from Attorney
    2. Conducting Post-Closing Title Searches
    3. Releases of Pre-Existing Liens
    4. Preparing and Returning the Closing Package to the Lender
    5. Post-Closing Covenants
    6. Resolving Any Remaining Closing Issues
    7. Example Checklists
  6. Ethical Considerations
    3:30 - 4:30, Written and Presented by Mary A. Slade in Ft Wayne and Indianapolis.
    1. Applying the Rules of Professional Conduct
    2. Good Faith Required in Real Estate Transactions
    3. Lawyers and Title Insurance Companies
    4. Trust Accounts
    5. Representation of Multiple Clients - Conflicts of Interest
    6. Disclosure of Defects in Property

Who Should Attend

This basic-to-intermediate level seminar provides an overview of the real estate closing process for:

    Attorneys
  • In-House Counsel
  • Real Estate Professionals
  • Title Insurance Professional

Additional Information

Training Provider: NBI, Inc.

Course Topics: Law Training > Real Estate Law

Training Course Summary: Real Estate Closings from Start to Finish

Live Seminar Dates/Locations