Gain knowledge on unreleased liens and mechanics’ liens.
Any number of mortgages, statutory liens, taxes and assessments may be revealed by a search of the title and thus, shown as such by the commitment for title insurance. So that its insured will not be exposed to loss or damage and its title is not unmarketable, the title insurer will likely reveal all liens it regards as enforceable or potentially enforceable. However, the failure to release unsatisfied mortgages, judgments and liens will not invalidate the conveyance. In the event that satisfactions or releases of the lien are not placed of record in the appropriate place, the title insurer may conceivably issue the policy, but nevertheless retain exceptions for the unreleased matters. This white paper reviews unreleased liens in details and discusses mechanics’ liens and other secret liens.
Agenda
Faculty
Duane H. Wunsch
Fidelity National Title Group, Inc.
- Vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office
- 30 years of experience as in-house underwriting and claims counsel
- Frequent lecturer to both attorney and non-attorney customer groups
- Regularly conducts training sessions for title and escrow staff
- J.D. degree, Emory University; B.A. degree, University of Wisconsin-Madison
- Can be contacted at 262-796-3852 or [email protected]
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