Understand how to research and evaluate land records to minimize risk.
Real estate transactions necessitate effective communications among investors, legal, lending, and other professionals, and data management, all having varying backgrounds and proficiency in the basis for private ownership of real property: The records that comprise real estate title. This topic will provide you with practical information needed to better understand the process of researching and evaluating land records in connection with the transfer of ownership and real estate financing. The content is designed to identify real property interests and sources of land information, explain how property interests are created and transferred, discuss title search procedures, and how to raise, refine and resolve recurring real estate title questions. In addition, the material will explain the recording system, property descriptions, the chain of title, off-record interests, rights, and claims, and conclude with transaction resources available to the seller, purchaser and lender that minimize risks associated with real estate closings during COVID-19.
Learning Objectives
- You will be able to recognize perils confronting investors that lay beyond the reach of land records.
- You will be able to review classification of legal descriptions.
- You will be able to discuss creation and transfer of interests.
- You will be able to identify available sources of land records information.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Transactions Marketplace, Universe of Competing Property Interests
- Estates or Interests in Real Property: Present, Future and Concurrent
- Mortgages
- Security Interests in Fixtures
- Array of Statutory Liens
- Taxes
Available Sources of Land Records Information
- Conveyances
- Court Records
- Corporations and Business Entities
- Zoning
Creation and Transfer of Interests
- Conveyance Formal Requisites
- Process of Recording
- Recording Statutes: Effect on Priorities
- Appurtenant Easements
- Correcting Errors in the Land Records
- Legacy of Housing Downturn: Short Sales and Foreclosures
Classification of Legal Descriptions
- United States Government Land Survey
- Metes and Bounds
- Subdivision Plats and Surveys
- Condominiums
Chain of Title
- Why the Chain Is a Prerequisite for Ownership
- Marketable Record Title Acts
Perils Confronting Investors That Lay Beyond the Reach of Land Records
- Title by Adverse Possession
- Prescriptive Easements
- Water and the Public Trust Doctrine
- Highways
- Native American Treaties
- Mechanics Liens and Other Secret Liens
- Perishable Agricultural Commodity Act (PACA)
Risk Reduction and Transaction Enhancements
- Avoidable Real Estate Title Pitfalls
- Obtaining Title Insurance Coverage: Current Choices
- Useful Escrows and Indemnities
- Solutions to Closing Challenges During COVID-19
- Remote Online Notarization (RON) Choices
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 16, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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