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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Real Property - Transactions

Date & Time
  • event Date

    Tuesday, August 6, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE course will provide real estate counsel with an overview of the latest developments in title insurance coverage and explain best practices for evaluating and negotiating coverage, exclusions, and endorsements under American Land Title Association (ALTA) policies.

Faculty

Michael R. O'Donnell
Partner
Riker Danzig, LLP

Mr. O’Donnell has represented every major title insurer including Chicago Title Insurance Co., First American Title Insurance Co., Fidelity National Title Insurance Co., Old Republic National Title Insurance Co., Stewart Title Guaranty Company, Westcor Land Title Insurance Co., and New Jersey Title Insurance Co., as well as their insureds. He has served as coverage counsel for title underwriters on numerous wide-ranging real estate frauds, some of which losses exceeded $45 million. 

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Cathryn E. Greenwald
Partner
Thompson Hine

Ms. Greenwald focuses her practice on all aspects of commercial real estate transactions, including construction and permanent financing, development, public-private partnerships, acquisition and sale of real estate, ground, retail, industrial and office leasing, and other general real estate matters.

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Description

Counsel involved in the sale, purchase, or financing of commercial real estate must understand the critical role of title insurance in insuring against risks. Counsel can evaluate coverage and endorsements that provide the optimal protection for clients.

Practitioners must understand the intricate details of title insurance policies and current coverage trends, including all recent ALTA endorsements, to effectively advise property owners, investors, lenders, and developers.

And parties must address survey issues with the title company (and purchasers and lenders) and know which survey or other endorsements can resolve survey matters.

Listen as our authoritative panel discusses current trends in title insurance coverage and strategies for negotiating coverage and endorsements that will help avoid coverage gaps.

Outline

  1. The 2021 ALTA policy provisions
    • Covered risks
    • Exclusions from coverage
    • Conditions
    • Schedules A and B
  2. 2021 ALTA policy provisions vs. 2006 ALTA policy provisions
  3. Endorsements most commonly requested in the current environment
    • Owners' policy
      • Non-imputation: ALTA 15 Series
    • Loan policy
      • Survey (land same as) ALTA 25-06
      • Access ALTA 17-6
      • Contiguous land ALTA 19 series
      • Zoning ALTA 3 and 3.1
      • Mezzanine financing ALTA 16
      • Construction ALTA 32
      • Mortgage tax 38-06
      • First loss 20-06
      • Cluster 12-06
      • ALTA 9 series, with the ALTA 28 encroachment and ALTA 35 minerals endorsements
      • ALTA endorsement for Policy Authentication ALTA 39-06

Benefits

The panel will review these and other high priority issues:

  • What are the latest trends and developments in title insurance coverage?
  • What types of coverage are most common in the current environment?
  • What are the available title insurance endorsements under ALTA and elsewhere, and what documentation is necessary to obtain these endorsements?