Underwriting News

Your source for the latest updates from the ATG Underwriting Department. ATG agents, sign-in above for access to a vast library of resources in the members-only Underwriting Index.

Foreign Judgments and Revival of Judgments

01/05/2015 - 1:12pm
In Illinois, a judgment from an Illinois state court, or a federal court located in Illinois, becomes a lien on real property only after a transcript, certified copy, or memorandum of judgment is...

Mechanics' Lien Claim Valid Despite Incorrect Completion Date (North Shore Community Bank v. Sheffield Wellington, 2014 IL App (1st) 123784)

12/15/2014 - 4:25pm
This recent mortgage foreclosure case involving the validity of two mechanics’ liens has caused some concern among the title companies due to the uncertainty it created regarding the calculation of...

New CFPB Integrated Disclosures

12/09/2014 - 9:09am
ATG Will Help You Prepare for August Implementation As the holiday season approaches, the August 1, 2015, implementation date of the Consumer Financial Protection Bureau (CFPB) rule integrating the...

Two Recent Condominium Cases: Pembrook Condominium Association-One and 1010 Lake Shore Association

12/08/2014 - 4:42pm
Two recent condominium cases interpret section 9(g)(3) of the Illinois Condominium Act regarding treatment of unpaid association assessments in the case of foreclosure. 765 ILCS 605/9(g)(3). In both...

Illinois Judgments, Mortgages and Survivorship

12/05/2014 - 10:23am
In Illinois, a mortgage lien executed by less than all joint tenants does not sever joint tenancy, and if the joint tenant who executed the mortgage dies, then the surviving tenant becomes sole owner...

New Hold Harmless Chapter for Title Forms and Procedures

12/03/2014 - 1:46pm
ATG has posted a new Hold Harmless chapter in Title Forms and Procedures for all states. The new chapter explains what a hold harmless letter is, when ATG issues hold harmless letters, how to request...

Kane County Recording Fees Increasing December 2014

10/23/2014 - 5:36pm
An increase in Kane County recording fees goes into effect on December 1, 2014. At that time, the cost of recording the first four pages of real estate related documents will go up from $42 to $57....