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.
City of Chicago Discontinuing Multiple Dwelling Building Registrations
09/13/2017 - 11:13am
As of September 6, 2017, the City of Chicago no longer requires sellers to obtain a multiple dwelling (four or more units) building registration. Since the repeal of this requirement, it is no longer...
How to Avoid Probate...and Spend Even More Money
08/17/2017 - 5:38pm
by Gregory J. Miely, ATG Senior Managing Attorney and Corporate Counsel
Many people, in their desire to avoid the court costs and attorneys' fees of probating their estates, have sought to transfer...
Claims Corner - Making Sure the House is on the Insured Land
08/09/2017 - 2:18pm
Recently, Attorneys' Title Guaranty Fund, Inc. has seen an increase in the number of claims caused by an improvement, which was intended to be conveyed through a real estate transaction not being...
McHenry County Exemption Requirement Effective September 1, 2017
08/03/2017 - 3:41pm
ATTN Member Agents Doing Transactions in McHenry County, Illinois
We received the following notice from the McHenry County Recorder's Office:
Effective September 1, 2017, the accompanying document...
CFPB on Wire Fraud, Final TRID Amendments
07/10/2017 - 9:38am
EDITOR'S NOTE: ATG is reposting the American Land Title Association (ALTA) notice about two important items that the Consumer Financial Protection Bureau (CFPB) published Friday, July 7, 2017....
An “As Is” Provision in the Sales Contract Does Not Trigger Exclusion 3(a) under the Policy
06/02/2017 - 11:17am
In many sales contracts, the seller may include a provision that the property is being sold “as is” without any warranties or representations as to conformity with building code requirements. While...
Criminals Have a New Target for Wire Transfer Fraud
05/25/2017 - 11:03am
And the Cheat Goes On...
by Gregory J. Miely, ATG Senior Underwriting Manager and Corporate Counsel
IMPORTANT: Verify Payoff Statements and Wire Transfer Instructions with the Lender before...
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