November 2012 | Volume 5 - Number 8
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Update from ATG AdministrationStormy Weather Update: ATG and ALTA Respond to Regulatory Proposals
On November 14, at our eighth annual Harold Levine Real Estate Institute, Michelle Korsmo, CEO of the American Land Title Association (ALTA) and Justin Ailes, ALTA’s Vice President of Government and Regulatory Affairs, along with Peter Birnbaum, ATG President and ALTA Board member, updated more than 170 attendees on the current status of ALTA's response to these regulatory changes. Read more... Jerry T. Gorman |
In Memoriam |
IN THE NEWS | ATG Member Pellegrini ALTA President; Levine Institute; ATG Holiday Reception; Holiday Schedule
* * * ATG Sponsors Lawyers Feeding Illinois — ATG is sponsoring the Illinois State Bar Association’s new initiative, Lawyers Feeding Illinois. As we head into the winter holiday season, the timing seems perfect to turn our thoughts to helping others. Read more... * * * ATG's Eighth Annual Levine Institute — View photos from the Eighth Annual Harold I. Levine Real Estate Institute at the UBS Tower in Chicago, November 14, 2012. * * * ATG Holiday Reception
Thursday, December 13, 2012
Adler Planetarium | Chicago
ATG Members — RSVP Now!
* * * Holiday Schedule for ATG and Subsidiaries — Our offices will be closed for the holidays as follows:
We hope this advance notice allows you to arrange your schedule accordingly. Thank you, we appreciate your business! *The latest possible start-time for closings is 11:00 a.m.
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ATG MEMBERS | Underwriters' BulletinThis content is for members only. Consider joining — see Membership Benefits
Claims CornerUnpaid Utility Bills – Water Bills — Without a recorded lien, an unpaid utility bill does not fall within the covered risks of the Owner's Policy. Procedural UpdatesCommercial Mortgages Must be Crane-Compliant — The bankruptcy court's holding in this case means a new ATG underwriting guideline for Illinois commercial mortgages. Transfer on Death Instrument - Underwriting Guidelines — ATG explains the complex title issues surrounding transactions involving a TODI. Use these guidelines to effectuate a valid transfer. |
ATTORNEYS | Practice NotesReal Estate and Title Insurance NewsNew Standard Short Sale Guidelines for Fannie Mae and Freddie Mac — The Federal Housing Finance Agency's announced standardized guidelines for short sales went into effect on November 1, 2012, providing servicers of Fannie Mae and Freddie Mac loans with guidelines designed to make it easier and quicker to qualify eligible borrowers for short sales. Legislative UpdatesIndiana Liens: Public Law 130-2012 — This Act adds language to articles 28 and 29 of Title 32 on Property in the Indiana Code to reflect a decreased statutory period for which a lien will remain actionable. CasenotesIllinois Mortgages: United Community Bank v Prairie State Bank & Trust — A title insurer’s failure to except a defect does not constitute negligence or defeat an equitable claim. Wisconsin Mortgage Foreclosure: Arch Bay Holdings, LLC-Series 2010A v David L. Gartland — Affidavits must qualify records custodians as having personal knowledge of the authenticity of records and the manner in which they were created. |
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Join Our Email List to receive notices and updates on our auctions. You can bid in person or online. If you have any questions, contact Operations Manager Mary Fran Gill, 312.752.1160. |
[Last update: 11-29-12]
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