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OnDemand Course

Updates to Illinois Commercial Title Insurance

Understand the purpose, method, and approach you should use when reviewing Title Commitments in Illinois.

Handling a transaction involving commercial real estate can be a challenging prospect especially when you do not thoroughly understand how title and survey matters can affect the same. Does dealing with title and survey related issues cause you to panic with fear? Ensuring a thorough understanding of the same is critical to make transactions run smoothly. This topic will provide you with the information you need to know to identify potential title and survey issues and how to best resolve the same. This will aid you in confidently and efficiently handling a commercial real estate transaction ensuring a smoother commercial real estate transaction for all involved.

Runtime: 89 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Negotiating Terms in a Purchase and Sale Agreement

  • Title Commitment Provisions
  • Survey Provisions
  • Closing Checklist and Timeline

Title Commitment and Survey Review

  • Title Commitment Review Basics - Schedule A, Schedule B, and Endorsements
  • Survey Review Basics - Types of Surveys, Examinations of Surveys, and Endorsements for Survey Issues
  • Handling Objections to Title and Survey Matters

Closing Documentation for Purchase/Sale Transactions

  • Escrow Instructions
  • Seller's Deposits
  • Purchaser's Deposits
  • Joint Deposits

Loan Transactions

  • Title and Survey Provisions in Loan Agreements
  • Title and Survey Review for Lenders
  • Lender's Endorsements
  • Closing Documentation for Loan Transactions
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 9, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jodi L. Henninger

Jodi L. Henninger

Clingen Callow & McLean, LLC

  • Partner in the office of Clingen Callow & McLean, LLC
  • Practice emphasizes all aspects of commercial real estate and financial lending transaction
  • Conducts regular seminars and workshops on numerous commercial real estate and financial lending transactions, including "Complete Commercial Real Estate Loan Closing Checklist" live webinar for Lorman Education Services
  • Member of Illinois State Bar Association, DuPage County Bar Association, CREW (Commercial Real Estate Women) – Chicago Chapter
  • J.D. degree, DePaul University College of Law; B.A. degree in speech communication, University of Illinois
  • Can be contacted at 630-871-8550 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 399461
Published 2017
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