White Paper

ALTA Procedures and Information

 
Insofar as real estate transactions are concerned, the insured will not necessarily be the customer of or the party that places the request for title insurance with, the title insurance agent that issues the commitment for title insurance. Thus, the seller, a real estate broker, the lender or their respective counsel may conceivably be the party that places a request for title insurance with the title insurance office or agent. The initial request for the commitment having been placed by another party, the insured must scrutinize the commitment for title insurance upon receipt to assure itself that the commitment is suitable and adequately describes the property, the parties and other criteria required by the purchase agreement between the parties.

Ideally, the request should be one that is designed to inform the title agent of the requisite information necessary to generate a commitment for title insurance and policy of title insurance that indemnifies against loss or, in the mind of the parties, protects the interest of the insured. Communication that places the order or request for title insurance may conceivably be by any of several means, whether email, letter, fax, face to face communication or phone. Regardless of the means of communication, it is imperative that the requesting party supply sufficient information to the title agent that results in a search and examination of the entirety of the land in question, and not, through inadvertence, an adjoining parcel or an incomplete portion of the whole, nor to describe more of the seller’s land that the seller intends to convey.

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Duane H. Wunsch is the vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office. He has 30 years of experience as in-house underwriting and claims counsel. Mr. Wunsch is a frequent lecturer to both attorney and nonattorney customer groups. He regularly conducts training sessions for title and escrow staff.

Faculty

Duane H. Wunsch

Duane H. Wunsch

Fidelity National Title Group, Inc.

Agenda

Faculty

Duane H. Wunsch

Duane H. Wunsch

Fidelity National Title Group, Inc.

  • Vice president and state counsel for Fidelity National Title Group, Inc.’s Wisconsin office
  • 30 years of experience as in-house underwriting and claims counsel
  • Frequent lecturer to both attorney and non-attorney customer groups
  • Regularly conducts training sessions for title and escrow staff
  • J.D. degree, Emory University; B.A. degree, University of Wisconsin-Madison
  • Can be contacted at 262-796-3852 or [email protected]

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