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.
Title Tips: Homeowners' Associations
01/11/2013 - 11:51am
Unlike condominium assessments, homeowner’s association assessments are not valid against a purchaser or secured party unless a notice of the lien has been recorded. Title commitments and title...
2013 Zoning Certificate of Compliance Fee Increase
12/07/2012 - 12:18pm
The City of Chicago issued the following notice on December 3, 2012: The Zoning Certificate of Compliance will increase from $90 to $120, effective January 1, 2013. A Certificate of Zoning Compliance...
Affidavit of Heirship Drafting Checklist
12/07/2012 - 11:19am
The elements of a proper affidavit of heirship include the following:
The affidavit must be in a form that is signed and sworn to by a person in a position to know the facts (a close relative or...
Agency Escrow Disbursement Agreement Form Changes
12/06/2012 - 2:12pm
ATG has revised the Agency Escrow Disbursement Agreement forms that ATG independent closers and members use. Please be sure to access the form through ATG REsource, or the ATG Forms section on our...
Title Tips: Representing a Buyer in an REO? Provide a Survey
12/06/2012 - 11:24am
Many attorneys now find themselves representing buyers in REO transactions. (An REO transaction is the sale of real estate owned by a lender following a foreclosure.) Typical REO contracts provide...
Title Tips: New Buyer
11/16/2012 - 11:46am
If the buyer for your transaction changes or if an additional buyer is added to the transaction, you must run a judgment and lien search on the new name. Any judgments that come up on the search must...
Building Code Violations
11/15/2012 - 3:05pm
ATG receives numerous claims each year relating to building code violations, many of which are denied. The basis for the denial is usually that no document has been recorded reflecting the building...
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