Underwriting News

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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...