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Archive for the 'Title Policies' Category

Opting Out of Title Insurance — Do Not!

By: Myles, June 19th, 2008

The point is often is often raised that there is some value in eliminating title insurance. Kimberly Palmer, in her article in U.S. New and World Report today, makes clear that the answer to whether to opt out of title insurance is: DO NOT!
When attorney Mark Rutzick sold his home in Fairfax, Va., and bought a new […]

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Indicia of future real estate deals: As LandAmerica goes …

By: Myles, April 30th, 2008

Here is yet another very significant indicia of the declining real estate market, as of April 2008, as reported by Inman News:
There has been a 28 percent decline in revenue which helped push title insurer LandAmerica Financial Group Inc. to a $24.2 million first-quarter loss, despite ongoing cost-cutting measures that include the elimination of the equivalent […]

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Commercial Default: A Possible Solution

By: Myles, February 23rd, 2008

The new buzzword in legal and banking circles these days is WORKOUT. So what exactly does that mean and how does it translate on a daily basis?
Well, given the trend toward more commercial defaults, here is a possible workout solution to consider. We at MarylandCommercialTitle are always trying to look at novel solutions to solving our […]

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LLC’s: When Title Endorsements Matter (Don’t they always?) ….

By: Myles, February 4th, 2008

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 – […]

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ALTA: New Closing Protection Letters

By: Myles, February 2nd, 2008

It’s always good to know what’s new ….
So, along those lines, here’s some news. The American Land Title Association (ALTA), recently approved three new form closing protection letters. These new forms took effect on January 1, 2008. These forms clarify the extent of the title insurers’ liability and the limitations on that liability.
Jon Anderson, Senior […]

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