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Upon completion you will know how to:

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• Review a Residential Contract for Sale and Purchase and identify the key information that impacts how the transaction is processed.

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• Review a title commitment and identify title requirements and how they affect the title clearing process and final title policies.

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• Review a municipal lien search and identify delinquent property taxes, tax certificates, municipal liens and assessments, code liens and violations, open and/or expired permits, and understand how each impacts the title clearing process, the settlement statement, and the final title policies.

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• Review an association estoppel and understand regular assessments, special assessments, capital contributions, transfer fees, delinquent or in-collection fees, master and sub-associations, recreational and ground leases, association approval letters, and how the association estoppel impacts the title clearing process, the settlement statement and the final title policies. 

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• Review a survey and identify survey certifications, surveyor notes, and how adverse matters disclosed in the survey impact the final title policies.

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• Review a settlement statement and understand buyer and seller charges and credits, prorations and adjustments, payoffs, loan charges, impounds, government recording and transfer charges, commissions, closing fees, title charges, policy premiums, funds due from the lender and buyer, and proceeds of sale funds due to seller.

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• Review a final Owner’s Policy and Loan Policy and identify policy jackets, schedules, endorsements, subordinate matters, and how the tasks carried out during the processing of the transaction result in the final title policies.

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