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ALTA Owners' and Lenders' Policies

presented by Lorman Education Services
View the Lorman Education Services Profile and Course Listings

Summary

ALTA Owners' and Lenders' Policies

Workshop Description/Agenda

Benefits
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 preclosing 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 Owners' Policy • ALTA 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 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 • Additional Coverage Alternatives Miscellaneous • 2006 ALTA Policy Comparison to 1992 ALTA Policy • Risks Associated With New Construction

Faculty
Duane H. Wunsch with Fidelity National Title Group, Inc.

Credits
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request.

Who Should Attend

This live audio conference is designed for attorneys, presidents, vice presidents, property managers, real estate professionals, developers, building owners and managers, lenders and title professionals.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Law Training > Real Estate Law

Training Course Summary: ALTA Owners' and Lenders' Policies


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On-Demand Webinar Details

Recorded on 12/13/2018