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Resolving Gaps in Real Estate Titles for Paralegals

Learn more on how to resolve issues that paralegals face while reviewing real estate titles.

Paralegals working in the real estate department across the country face different obstacles, while reviewing real estate titles and assisting with the closing of commercial and residential real estate transactions. They need to know how to find title defects, which title defects can be cured and how to do it. Different types of title defects will be discussed based on real life examples. In addition, you will gain insight into what is a gap in title, why title insurance is required, what to anticipate before the closing, what to prepare for the closing and how to resolve obstacles during the closing and post-closing.

Runtime: 91 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

A Quick Recap: A Word About Real Estate

  • What Is Real Estate?
  • Who May Have an Interest in or Lien Upon the Property?

Why Do You Need Title Insurance?

  • Protection During the Gap Period
  • Payoffs
  • Title Defects
    • Gap in Ownership and How to Fix It
    • Title Commitment Schedules
  • Placing Documents on Record: How Big Is the Gap?

Steps to Close the Gap

  • Continuation of Title
  • Gap Endorsement and Gap Coverage
  • Owner's Affidavit and Indemnifications
  • Closing Instructions and Escrow Letters
  • Date Down Search

Closing the Transaction

  • Traditional Closing
  • Gap Closing
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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.

Credits

OnDemand Course

This course was last revised on March 14, 2019.

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

  • NALA 1.5
     
  • This program is applicable for continuing legal assistant education credit. Please check with your accrediting board to see if this course will qualify towards your recertification requirements. Program Length: 1.5 hour(s).
     

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

Mariana Fradman, MBA

Mariana Fradman, MBA

New York City Paralegal Association

  • Senior specialist with the Real Estate and Investments Group in the Office of the General Counsel at New York Life Insurance Company
  • Adjunct professor at Long Island University, Brooklyn Campus, teaching ethics, business law, contracts and real estate law at the ABA-approved Paralegal Certificate Program
  • Over twenty years of experience specializing in commercial real estate transactions (acquisitions/sales, air/development rights transfers, joint ventures, mortgage lending (bond and affordable housing), energy projects, community development, not-for-profit and mixed use, strategic planning, workouts and 1031 exchanges, project and space leasing); corporate and corporate housekeeping; M&A transactions and financial restructuring
  • Presented at various continuing legal education seminars in person and online, including, but not limited to Long Island University, Brooklyn Campus, New York Career Institute, Lorman Education Services, Paralegal Knowledge Institute, Clear Law Institute and at numerous CLE seminars presented by NYCPA; she was awarded the "Distinguished Faculty" badge by Lorman Education Services, February 2014
  • Mariana‚Äôs articles were published on The Paralegal Society Blog, The Paralegal Resource and the National Paralegal Reporter
  • Vice president, CLE chairperson and mentor program chairperson at New York City Paralegal Association, Inc. (NYCPA); an ethics and professional responsibility coordinator for the National Federation of Paralegal Associations (NFPA), and is a member of NFPA's Ad Hoc Committee on Rogue Paralegals
  • Can be contacted at 917-841-1204 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: 405102
Published 2019
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