Title Insurance: The Old and The New
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Wednesday, February 24, 2010
4:00 p.m. – 7:00 p.m.
Sponsored by: The Title & Conveyancing Committee of the Real Estate Section
Today, title insurance is a part of most real estate transactions, from the simplest residential loan closing to a sophisticated commercial redevelopment of an entire neighborhood. Attendees will learn the nature of title insurance, the scope and nature of coverages available to owners and lenders, with a special emphasis on the endorsements available to extend coverage in commercial transactions and how claims matters are handled when a problem affecting the property is uncovered.
Expert panelists will also describe the new forms of title insurance for home owners. The program will also include a discussion of the body of case law which has developed in this area.
Specific Topics will include:
Basics of Title Insurance and Claim Handling
- The nature of title insurance; policy jacket provisions; Schedules A and B
- What the policy covers and what it doesn’t; important cases that define policy coverage
Commercial Underwriting and Negotiation of Coverage
- What coverage is standard/required for buyer/lender; what is needed from seller/borrower to obtain coverage
- Underwriting in a troubled economy; discussion of creditor’s rights; deeds in lieu/foreclosures; mechanic’s and other liens
Panelists:
Kathleen M. Mitchell, Esq.
Lawyers Title Insurance Corporation
Mark Borst, Esq.
Stewart Title Guaranty Company
David Merrill, Esq.
Commonwealth Land Title Insurance Company
William S. Bonaccorso, Esq.
Masterman, Culbert & Tully LLP
Program Co-Chairs:
Marie L. Franco, Esq.
Stewart Title Guaranty Company
Shirin Everett, Esq.
Kopelman and Paige, P.C.
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