This 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
Tag Archives: Notice of Claim
Ticking Sound: Review Your Title Insurance – A Quick Checklist (Part 1 of 2)
Posted in Good Times for Lenders, Insurance & Environmental Risks, Workout IssuesNo surprise at this statement: When the real estate mortgage nears the ditch, the lien priority of the loan and the status of the title (such as easements, deed restrictions, access rights and lien priority) all come under scrutiny. One important point of inquiry is the title policy covering the loan. An “audit” or review… Continue Reading