Virginia Title Law Boot Camp

Agenda / Content Covered

1. Title Law Updates
   9:00 - 10:00, Jack R. Luellen
2. Maximizing Title Insurance Protections: Essential Endorsements, Negotiation Strategies, and More
   10:15 - 11:15, Jack R. Luellen
   1. Removal of - or Coverage for - Standard Exceptions: Key Negotiation Strategies
   2. Insuring Over Common Risks - Which Endorsements to Obtain and Why
   3. Special Endorsements - Ensuring They Fit the Situation
   4. Key Endorsements for Survey-Related Issues
   5. Negotiating Endorsement Fees
   6. Advising Clients of Their Options - Risk vs. Cost Analysis
   7. ALTA Endorsement Updates
3. Conducting Thorough Title Reviews: Analyzing Title Commitments and Land Surveys
   12:15 - 1:15, Minturn Wright
   1. How Insurers Conduct Title Searches: A Brief Overview
   2. Insurer's Obligations Under the Title Commitment
   3. Analyzing Schedule A
      1. Preliminary Information: Verifying Dates, Amounts, etc.
      2. Name Variations With Individual Owners, Trusts, and Corporate Entities
      3. Complete and Accurate Legal Descriptions
   4. Schedule B-I
      1. Pending Litigation, Foreclosure, and Bankruptcy Pitfalls
      2. Last-Minute Deeds, Mortgages, and Liens That Fall in the Gap Period
   5. Taking a Close Look at Schedule B-II
      1. Standard Exceptions Explained
      2. Special Exceptions: Liens, Easements, and Other Considerations
      3. How Will Standard or Special Exceptions Affect the Transaction?
   6. Analyzing Land Surveys
      1. Minimum Survey Standards
      2. How to Order the ALTA Survey
      3. Reviewing and Correcting the ALTA Plan
      4. Reviewing Sample Land Surveys and Legal Descriptions
   7. Sample Title Review Checklists
4. Curing Title Defects: Alternatives to Endorsements
   1:15 - 2:15, Minturn Wright
   1. Dealing With Breaks in Chain of Title, Including Estate Issues
   2. Title Curing Statutes
   3. Mortgage Releases and Alternatives to Release
   4. Title Indemnity Agreements
   5. ALTA Owner Affidavits
   6. Discharging Liens
   7. Unrecorded Leases
   8. Encroachments, Overlaps, and Other Boundary Issues
      1. Boundary Line Agreements
      2. Quiet Title Actions
      3. Adverse Possession Claims
5. When Things Go Wrong: Dealing With Title Issues After the Policy Has Been Issued
   2:30 - 3:30, Minturn Wright
6. Ethical Considerations
   3:30 - 4:30, Jack R. Luellen
   1. Duties of Competence and Diligence
   2. Conflicts of Interest
   3. Disclosure of Defects in Property
   4. Attorneys' Fees

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs. Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central: Phone: (866) 240-1890 Email: credit@nbi-sems.com

Vanessa Carter is an attorney at Woods Rogers Vandeventer Black PLC with over a decade of experience advising clients on a broad spectrum of matters, including Commercial Real Estate, Creditors' Rights, Bankruptcy & Collections, Community Associations, and Banking & Finance. Her ample experience in the real estate and title insurance industry allows her to draw on an immense body of knowledge and skills that will aid in any commercial transaction. She has represented lenders, purchasers, owners, and sellers alike, treating each client to her vast proficiency and understanding of all aspects of the real estate closing. She coordinated the closings of many diverse types of properties, including acquisition and development deals, golf courses, hospital and surgical centers, office buildings, industrial lots, and many more. She graduated from DePaul University with a B.A. in Industrial/Organizational Psychology and earned her J.D. from William & Mary Law School.

Jack R. Luellen is a principal of Dickie, McCamey & Chilcote, PC, and the location chair of the Denver office, where his practice is primarily dedicated to oil and gas law, with a particular emphasis on litigation. Mr. Luellen earned his B.S. degree, with distinction, from Colorado State University, and his J.D. degree, cum laude, from the University of Minnesota Law School. Mr. Luellen is admitted to practice in California, Colorado, Utah and North Dakota. He is a member of the Rocky Mountain Mineral Law Foundation and Energy Mineral Law Foundation.

Minturn Wright is a founding partner with Shannon Mullins & Wright LLP, in Alexandria, Virginia, where he primarily represents clients in real estate transactions and litigation matters. His two-plus decades of experience as a lawyer have been almost equally divided between real estate transfers and other transactions and litigation (principally real estate, tax appeals and tax sales, civil rights, and insurance defense). He also has had experience dealing with environmental issues, business entities (corporations, limited liability companies, and the like), and patent/trademark issues, particularly licensing. Mr. Wright earned his B.S. degree from Yale University; and his J.D., M.S., and Ph.D. degrees from the University of Southern California. He is admitted to practice in Virginia, the District of Columbia, California and before the United States District Court for the District of Columbia, United States District Court for the Northern District of California, United States District Court for the Central District of California, United States Court of Appeals for the Ninth Circuit, and the United States Supreme Court.