Training Course Syllabus:
Don t let your attorney be surprised by undiscovered title defects!
Title examinations are the fundamental building blocks of real estate transactions. The results of a title search provide both the buyer and the seller assurance of marketable title and the terms of title protection. Missing even one piece of critical information can jeopardize the transaction or cause costly problems in the future. Let our experienced faculty educate you not only on common issues you will encounter, but help you to uncover problem areas you may not have confronted in the past. Take advantage of the knowledge offered by savvy professionals working in the field. Enroll today!
Find out how you can efficiently and effectively:
- Recognize what the title examination will not reveal to avoid future ownership disputes.
- Establish a coherent chain of title that will help to authenticate ownership history.
- Address complicated title defects such as estate and marital related problems to recognize when court action is necessary.
- Outline plans for coordinating payment, cancellation and satisfaction of record for ease in correcting simple title problems.
- Identify encumbrances and liens impacting the affected property.
- Detect missing or incorrect elements in documentation before they become problematic.
- Review surveys, descriptions and plats to confirm that ownership information is accurate.
- Distinguish the difference between a record and marketable title to ensure the title is free of defects.
- Determine how a title commitment will help the purchaser to enforce the title policy.
- Understand the purpose and the format of the abstract of title to effectively provide the information your attorney will need.
- CONDUCTING A TITLE EXAMINATION
9:00 - 10:30, Nicholas N. Welch
- When is the Examination Necessary?
- The Difference Between Examining Title for a Lender and a Borrower
- Reviewing Surveys, Descriptions, Plats and Tax Maps
- Survey Standards
- Practice Tips for Review
- What the Survey Does Not Show
- Analyzing Easements, Restrictions, Rights of Way and Condemnations
- Addressing Validity of Record Title Instruments
- Detecting Missing or Incorrect Elements in Documentation
- Identifying Exceptions to Title
- The Title Commitment
- The Importance of a Thorough Review
- Schedule A
- Schedule B
- What the Title Examination Won t Reveal
- EASY ABSTRACT OF TITLE PREPARATION
10:45 - 12:15, Nicholas N. Welch
- Purpose and Format of the Abstract
- Establishing the Chain of Title
- Record Title vs. Marketable Title
- Preparation of an Abstract
- Chain of Title
- Encumbrances and Liens
- Pertinent Legal or Insurance Details
- Preparing a Title Report
- RECOGNIZING AND CURING COMMON TITLE DEFECTS
1:15 - 3:00, Jan D. Wright
- Common Title Defects
- Unreleased Mortgages, Deeds of Trust and Financing Liens
- Estate Related Problems
- Marital Related Issues
- Mechanics and Materialmen s Liens
- Other Title Defects
- Tools for Resolving Title Problems
- Payment, Cancellation and Satisfaction of Record
- Escrow Payment
- Corrective Deeds for Amending Instruments
- Proper Modification or Amendment of Prior Instruments
- Containment Letters
- Court Proceedings
- IMPORTANCE OF A TITLE INSURANCE POLICY
3:15 - 4:30, Jan D. Wright
- Title Insurance Policies
- Insuring Provisions
- Exclusions From Coverage
- Conditions and Stipulations
- Protection in Title Policies Against Survey Issues
- Additional Coverages and Standard Endorsements