Resolving Gaps in Real Estate Titles for Paralegals

Gain a clear understanding of title insurance policies and endorsement forms.

Marketable real estate title is an indispensable element in every real estate sale and financing transaction, and yet mastery of the analysis and efficient transferring of title eludes many real estate professionals. Of what title defect warning signs and pitfalls should professionals be vigilant? Under what circumstances are title standards black and white, and when are they shaded or nuanced? Title insurers calibrate risks using past claims experience, legal precedent, and changing legislation and case law. Will title agents be receptive to requests for coverage? How should the request for coverage involving myriad issues be explained and presented to enjoy an optimal, concise outcome? Dealing with client expectations, of which residual issues or gaps in coverage should the client be made aware? Which among the spectrum of real estate titles will be insurable in light of specific liens, defects, and encumbrances revealed by the search of the public records and actual knowledge of the circumstances? This discussion will highlight current title insurance policy and endorsement forms and recent residential and commercial transaction examples.