Title Insurance and the Real Estate Industry: Looking Back and What’s Ahead
Real estate investment comes with both opportunities and risks. Obtaining title insurance is a crucial step for real estate mortgage lenders and buyers to ensure that they are protected from any damage or loss that may potentially result from title defects. Many people are already recognizing this, as proven by the remarkable growth rate of the title insurance industry in recent years.
As the title insurance industry is expected to continue to grow in the near future, the legal professionals should be in the know of the recent developments shaping the landscape. An in-depth understanding of the trends will help them devise a comprehensive protection for their clients.
Listen as a panel of distinguished speakers organized by The Knowledge Group provide the audience with an overview of the significant trends surrounding title insurance and the real estate industry. They will present an in-depth analysis of the recent developments as well as the potential challenges in real estate transactions. Speakers will also offer risk mitigation strategies that will help businesses avoid pitfalls.
Some of the major topics that will be covered in this course are:
- Title Insurance and the Real Estate Industry – Then and Now
- Recent Trends and Developments
- Potential Risks and Pitfalls
- Best Practices and Strategies
- What Lies Ahead?
Michael R. O'Donnell , Co-Managing Partner
Riker Danzig Scherer Hyland & Perretti LLP
- What are the Key Exclusions In an Owners and Lenders Policies
- What is Marketability of Title
- What is Access?
- How is Actual Loss Measured under Title Policies
James L. Shea, Jr., Attorney
Royston, Mueller, McLean & Reid, LLP
- Protecting the Attorney-Client Privilege in Curative Title Work: The “tripartite” attorney-client relationship
- Forcing a Cure: Defending against an insured’s efforts to force curative litigation/action by its Insurer
- Curative Tools: Applying the doctrine of Estoppel by Deed/After Acquired Property in the title insurance context
- Curative Tools: Perfecting/protecting unrecorded/lost deeds of trust and other title documents
- Trends in Case Law: Limiting an insurer’s liability for acts of its title agents
Who Should Attend:
- Real Estate Lawyers
- Title Insurance Agents
- Title Insurance Lawyers
- Title Insurance Companies
- Real Estate Executives
- Real Estate Advisors and Consultants
MICHAEL R. O’DONNELL is the Co-Managing Partner of Riker Danzig Scherer Hyland & Perretti LLP. He provides a range of commercial litigation services to clients, particularly financial institutions, title insurance companies and reinsurers. His work includes real estate and title disputes and related legal malpractice claims, lender liability and the work-out of problem loans, commercial lending, sophisticated judgment collections, fraud and fraudulent transfer claims, title disputes, reinsurance collections, oppressed shareholder claims, RICO claims and D&O and fidelity bond issues. Mike has defended title underwriters and agents and financial institutions in class actions ranging from claims of overcharges on settlement services to violations of the Expedited Funds Availability Act. He is a Fellow of the American Bar Foundation, past Chair of the District XB Ethics Committee of the Supreme Court of New Jersey, and a member of the Association of the Federal Bar of New Jersey.
MICHAEL R. O’DONNELL is the Co-Managing Partner of Riker Danzig Scherer Hyland & Perretti LLP. He provides a range of …
Jim has practiced general civil litigation throughout the state of Maryland and in Federal Court since 2007, and clerked in Baltimore County Circuit Court before joining his current firm of Royston, Mueller, McLean & Reid, LLP. One of Jim’s primary areas of focus is title insurance litigation, including curative title work on behalf of insureds, defense of insureds’ title, and direct representation of title insurance companies in a variety of civil and administrative matters, including representation before the Maryland Insurance Administration. In addition to litigation, Jim has argued before Maryland’s appellate courts on a variety of issues related to title insurance. Through this experience, Jim has gained a wealth of knowledge on legal and practical issues related to title insurance, particularly in area of litigation, including title claims, land use, zoning and related issues.
Jim has practiced general civil litigation throughout the state of Maryland and in Federal Court since 2007, and clerked in …
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Method Of Presentation:
General knowledge of title insurance
NY Category of CLE Credit:
Areas of Professional Practice
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About Riker Danzig Scherer Hyland & Perretti LLP
Riker Danzig Scherer Hyland & Perretti LLP has served the New Jersey business community for over 130 years. Distinguished for its unparalleled representation of financial institutions since the founding of the firm, Riker Danzig has become a preeminent, full-service law firm. In addition to its two New Jersey offices in Morristown and Trenton, the firm has an office in Midtown Manhattan, serving clients in corporate law, tax and trusts and estates, and litigation. Riker Danzig serves as regional trial counsel and national defense counsel for some of the country's largest corporations in a wide variety of matters, while also representing many family-owned businesses and middle-market companies. The firm provides corporate counseling to numerous financial, commercial, manufacturing and service organizations and has highly-respected practices in trial and appellate litigation, insurance, corporate law, bankruptcy, governmental affairs, labor and employment, environmental law, real estate, tax, and trusts and estates.
About Royston, Mueller, McLean & Reid, LLP
In 1956, Kenneth Proctor, Carroll Royston and H. Anthony Mueller formed a law firm named Proctor, Royston & Mueller. The firm's formation consolidated the expertise and experience of its founders, and, since its inception, Royston has built on this strong foundation. One measure of Royston’s success is that many original clients are still with the firm.
In 1965, Kenneth Proctor withdrew from the firm to accept the governor's appointment to serve as associate judge of the Circuit Court for Baltimore County, and, in 1968, the firm moved to its current location in the Royston Building at 102 W. Pennsylvania Avenue in Towson. Royston has expanded its representation of clients throughout the middle Atlantic states and, in some instances, across the country. Today, Royston is a full service firm, providing representation and advice in a broad range of practice areas.