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.

Recording Problems: “Legal Description Attached” … Or Is It? - Update

05/12/2017 - 2:34pm
Recording Problems: “Legal Description Attached” … Or Is It? -- Update Recently, foreclosing lenders have begun adding reformation counts to foreclosure proceedings in order to correct the legal...

Title Indemnity Agreements - Update

05/12/2017 - 2:31pm
Title Indemnity Agreements-Update  To prevent confusion after a closing, please fill out ATG Form 3011-A: Personal Undertaking with Title Indemnity Deposit Agreement - Member correctly and completely...

Confirm Wire Instructions before Sending Funds

05/04/2017 - 5:22pm
See our REVISED post, Don't Fall Victim to Wire Fraud Schemes, updated May 4, 2017. New language on #2 confirms that a party should never use contact information supplied in an email they receive for...

Condominiums and Limited Common Element Parking Spaces

04/10/2017 - 3:31pm
Claims that arise in connection with policies that insured a limited common element (“L.C.E.”) parking space tend to be caused by errors on the parking space designation on the declaration or plat....

Claims Corner: FHA and HUD's Refusal to Accept Hold Harmless Letters

03/06/2017 - 1:00pm
ATG has had a sharp increase in the number of claims processed involving unreleased mortgages. The increased is related to lender’s counsel refusing to accept hold harmless letters for unreleased...

Claims Corner: Cook County 2015 Taxes, Are They Paid...Or Sold?

03/06/2017 - 12:55pm
The Cook County Treasurer recently announced the 2015 annual tax sale will begin April 3, 2017. The new tax sale date is earlier than it has been in the past. Please be aware that 2015 taxes shown as...

Cook County Tax Year 2015 Annual Tax Sale

02/09/2017 - 3:37pm
Please note that the Cook County Treasurer has scheduled the Annual Tax Sale earlier than in the past. Here are the dates to remember: Registration: Open February 10 through March 24, 2017 Deliquency...