Resolving Real Estate Title Defects Training Class

Course ID: 9542

Resolving Real Estate Title Defects Training Seminar

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 and how it affects title issues such as survey requirements. Know exactly what title insurance covers and obtain an insured closing to protect your client. Read and interpret a title insurance commitment or abstract so you can detect possible problems. Adhere to the ethical guidelines governing real estate title law. Anticipate and correct title problems with the knowledge you'll gain at this comprehensive seminar - there's never been a better time!

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.


	Agenda
	THE PURCHASE AGREEMENT John C. Altmiller, 9:00 - 10:00 Title Review Contingency Survey Review Contingency Review of Typical Forms and Clauses TITLE INSURANCE R. Michael Smith, 10:15 - 11:15 Governmental Control Owner's Policy What is Insured What is Marketable Title What is Excluded: Special Exceptions Who is Covered (Heirs, Assigns, Trustees, etc.) The Coverage Amount Seller's Policy Lender's Policies What Lenders Need Construction Loan Policies; Broken Priority Covered Risks THE INSURED CLOSING -- CLOSING PROTECTION LETTER R. Michael Smith, 11:15 - 11:45 TITLE EXAMINATION -- TITLE INSURANCE COMMITMENTS/ABSTRACTS OF TITLE/SURVEYS Robert K. Richardson, 12:45 - 1:45 Recognition of Defects Survey Review Forms of Opinion Letters and Checklists Review Issues Relative to Particular Entity Ownerships (Partnerships, Limited Liability Companies, Trusts, Estates) Marital Property Conveyancing Decedent's Estates Estate Planning Concerns Abstract Review Forms, Practice Pointers and Procedures ETHICAL CONSIDERATIONS John C. Altmiller, 1:45 - 2:45 Formation of the Attorney-Client Relationship Conflicts of Interest Duties of Competence and Diligence Disclosure of Defects in Property Special Responsibilities to Sellers and Borrowers CURING TITLE PROBLEMS Richard A. Lash, 3:00 - 3:45 The Quiet Title Suit-Genealogy; Pleadings and Procedure; Defenses, Including Adverse Possession; Use of a Special Master to Perform Certain Functions; Enforcing the Quiet Title Suit Judgment Party Wall and Other Party Agreements Monetary Settlement and Escrow Agreements ACCESS AND ROAD ISSUES R. Michael Smith, 3:45 - 4:30 Forest Service Roads and Conservancy District Access Issues Easements


	Audience
	This basic-to-intermediate level seminar will greatly benefit attorneys, employees of title and abstract companies, real estate professionals, general practitioners, paralegals and bankers who need to know what potential title challenges exist and how to solve those problems to ensure an efficient real estate closing.