ABCs of TITLE INSURANCE (Simultaneous Closings Explained)
GUEST SPEAKER:
Theresa Garelli
Senior Vice President & Counsel
First American Title Insurance Company of New York
Everything you need to know about title insurance, including how to spot problems and deal with title issues that often arise at various stages of the real estate transaction
WHY YOU SHOULD ATTEND
Every residential and commercial real estate transaction involves title insurance. It’s difficult to handle this type of transaction without having a thorough understanding of what title insurance is, what it’s designed to accomplish, how it works, and what it costs. At this practical program, you’ll review the nuts & bolts of title insurance, pick up practical tips on how to ensure that all the issues are covered in the Title Insurance contract, and find out how to proceed when a claim develops.
BASICS ABOUT TITLE INSURANCE, INCLUDING…
WHY YOU NEED TITLE INSURANCE
TITLE SEARCH
TITLE OWNER’S POLICY
COMMON TITLE PROBLEMS
Short Sales
Errors or omissions in deeds
Mistakes in examining records
Forgery
Undisclosed heirs
SHOPPING FOR TITLE INSURANCE
TYPES OF TITLE INSURANCE
TITLE INSURANCE RATES
SETTLEMENT AGENTS
CLOSING COSTS EXPLAINED
CLOSING PROCESS
Closing in an LLC
Short Sale Transaction
Simultaneous Closings (Double Closings)
The HUD-1
MEMBERS: $10.00 / NON-MEMBERS: $25.00
RSVP at www.reianyc.org or www.reianyc.com to reserve your seat!
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