E-raamat: Fundamentals of Title Insurance, Second Edition

What exactly is title insurance for a property? What does it do? What does it mean? Fundamentals of Title Insurance, Second Edition explains the basic elements of title insurance and gives attorneys and real estate professionals practical knowledge and tools they need to best counsel and protect their clients.Intended as a broad yet thorough overview, Fundamentals of Title Insurance explains what title insurance means, what it can and cannot do, and what the parties in a real estate deal can ask for in a transaction. Written in an accessible, user-friendly manner, this guide provides examples, practice pointers, charts and checklists throughout the text to explain key points. The author, general counsel for a nationwide title insurance company and a leading industry expert, covers all relevant topics, beginning with a general background of title insurance, its variations and common features, and typical title insurance coverage and issues. Additional topics include:What is title insurance, and why should consumers obtain itExplanations of the 2006 ALTA Loan Policy and the 2006 ALTA Owner's PolicyThe expanded coverage residential loan policyWhen to secure a short form title policyTitle insurance requirements of government-sponsored enterprises and agencies, such as Fannie Mae and Freddie MacRegulation of rate and formsTypes of endorsements and which ones to requestMarked-up commitments, pro forma policies, and extended coverageClosing protection lettersGuidance for retention limits and reinsurance in commercial transactionSpecialized title insurance products, guarantees, and other products