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Credits

Sponsored by Lorman Education
Product ID: 409752EAU
 
Credit & Course Provided by:

The Alignment of Title Reports and Land Surveys

OnDemand Webinar (66 minutes)

Understand key provisions of titles and surveys and the consequences and strategies for the included parties.Surveys and title reports, though prepared from different vantages, share a trait that those who purchase and finance real estate often lack. They reveal critical information about the real estate that only the professional provider can deliver after an investigation and analysis of the public land title records and the site. However, the formats of the informational reports themselves are stylized. This course will explain how to focus on the key provisions of the title commitment and policy and features of the survey. The material will also suggest consequences and strategies for the parties to the transaction. Using the latest American Land Title Association policy and endorsement forms, the material will offer forms of title insurance coverage available in the marketplace.

Authors

Duane H. Wunsch, Fidelity National Title Group, Inc.

Agenda

Types of Surveys

• ALTA/NSPS Survey

• Other Survey Certificates

• Mortgage Inspections

• GIS

Legal Descriptions

• Historical Background

• Land Division Instruments

• Metes and Bounds

• Surface Area Descriptions

• Riparian Descriptions

Title Reports and Title Insurance

• Component Parts of Title Insurance Explained

• Endorsements That Expand Coverage

• Title Insurer Criteria for Obtaining Endorsements

• Alternative Forms of Survey Coverage

• Survey Coverage Changes in ALTA Policies Adopted July 2, 2021

Matching the Survey With the Title Commitment

• How to Resolve Discrepancies

• Gaps and Overlaps

• Role and Scope of Curative Affidavits

• Working With the Title Agent

Sample Survey Review

• Spotting Issues

• Disregarding Minutiae

• Access

• Easement Menagerie

• Building Setback Lines and Restrictions

• Subsurface and Airspace Issues