Things can go wrong and when they do, it’s not pretty. Securing proper endorsements on your title insurance policies requires a full review of all your options.

John Murray’s Blog provides a detailed look at how Limited Liability Company’s (LLC’s) — which have been adopted by all 50 States, the first coming into existence back in 1977 –  play a huge role in obtaining favorable tax benefits, creating and maintaining contractual flexibility, and shield a member’s personal assets from claims of outsiders and other members.

Although not a barn-burner, per se, in terms of it’s sexiness as a topic, Title Issues and Endorsements and their interplay with LLC’s are critical to putting great real estate deals together. More specifically, learn ….

• How the Fairway Endorsement can help from lapsing your policy?
• See how paying just a few hundred dollars for the Additional-Insured Endorsement can be a life saver?
• Explore why it’s a must to purchase a Non-Imputation Endorsement when the grantee LLC contains members other than the original grantor’s.
• See why LLC Conversion Statutes matter so very much.

Here’s the litmus test. Read this article and see the kind of complexity and legal analysis required for each transaction. Learning about special endorsements demonstrates that not all agencies operate from the same perspective.

A good title lawyer is an extenstion of your existing firm. We interface with underwriters and legal counsel daily to provide the maximum protection for our clients and their professional team of advisors, at the lowest possible cost.

Tags: Title Policy Endorsements

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