Resolving Title Defects Before Closing (On-Demand)

$194.00

Real estate professionals frequently face a myriad of problems at the closing table. This presentation identifies some of the common problems encountered at closing including mechanic’s liens, encroachments, tax issues, access issues, clerical errors, legal description problems, breaks in the chain of title, mortgage relate defects, and real covenant and deed restriction concerns, and provides suggestions on how best to avoid/mitigate them.

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Event Details

Course Type

Course Instructor

Nathan Osborn, Esq.

Original Date Of Course

General Credits

2

Course Description

Real estate professionals frequently face a myriad of problems at the closing table. This presentation identifies some of the common problems encountered at closing including mechanic’s liens, encroachments, tax issues, access issues, clerical errors, legal description problems, breaks in the chain of title, mortgage relate defects, and real covenant and deed restriction concerns, and provides suggestions on how best to avoid/mitigate them.

Syllabus

  1. Mechanic’s Lein
  2. How to Properly Escrow Around a Mechanic’ Lien
  3. Bonding Around Mechanic’s Lien
  4. Encroachments/Boundary Issues
  5. Resolving Encroachments/Boundary Issues
  6. Other Ways to Cure Encroachment/Boundary Issues
  7. Addressing Encroachments with Title Insurance
  8. Tax Sales
  9.  What is a Tax Lien?
  10. Tax Lien Sale Procedures
  11. Treasurer’s Deeds and Marketable Title
  12. Setting Aside a Tax Sale
  13. Access Problems
  14. Analyzing Access
  15. Accress Problem- Actual Examples
  16. Closing Document Clerical Errors
  17. Legal Description Issues
  18. Curing Legal Description Errors?
  19. Breaks in Chain of Title
  20. Mortgage Related Defects
  21. Mortgage Related Defects – How to Cure?
  22. Problematic Real Covenants and Deed Restrictions
  23. Basics of Subdivisions
  24. Basics of Real Covenants
  25. How Best to Cure?

Instructor

Nathan Osborn