As noted in my posting this morning [link], the ALTA Board of Governors voted to withdraw and de-certify the use of the ALT 21endorsement form. It removes creditors rights issues from certain title insurance policies. So, what is the next step? The title companies seize the opportunity, and stop issuing it. (You’re not surprised.) Here’s the list of… Continue Reading
Tag Archives: Creditor Rights
Ticking Sound: Review Your Title Insurance – A Quick Checklist (Part 2 of 2)
Posted in Good Times for Lenders, Insurance & Environmental Risks, Workout IssuesThis is the second part of a two-part series laying out a quick checklist covering title insurance issues—and highlighting topics that should be investigated. This is an important and often overlooked topic. Was UCC insurance obtained (covering attachment, perfection and priority of lender’s security interest in personal property)? Here are the types of transactions where… Continue Reading