Title Insurance for Mortgage Lenders: Zoning, Usury, Easement, Future Advances, Comprehensive, Other Endorsements
Assessing Risks and When to Require Certain Coverages: Title Updates and Modifications
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will analyze various title issues of particular concern to lenders, and the title endorsements which can be obtained to address various risks and contingencies. The panel will also discuss the types of loan modifications that require endorsement to an existing loan policy.
- How loan title policies differ from owners policies
- ALTA 9 comprehensive endorsement: conditions for issuance
- Property-specific endorsements
- ALTA 3.3 -- zoning; nonconforming use
- ALTA 8.1-06 -- environmental protection liens
- ALTA 28 -- forced removal or alteration of improvements under existing easements
- ALTA 7 -- manufactured housing
- ALTA 5 -- planned unit development
- Endorsements relating to financing terms
- Usury endorsement
- ALTA 32 and 33 -- construction advances
- Future advances endorsements
- Baloon mortgage endorsement
- Title updates and endorsements in connection with loan assignments and modifications
The panel will review these and other important issues:
- What does the ALTA 9 comprehensive endorsement cover, and what other types of endorsements should be part of every loan policy?
- What are the prerequisites for a zoning endorsement, and how should nonconforming uses be addressed?
- When should an ALTA 28 endorsement be required?
- What kinds of loan amendments might require an endorsement or update to a loan policy?
Jeffrey R. Escobar
Mr. Escobar focuses his practice on advising lenders, sponsors, investors, project companies, public and private... | Read More
Mr. Escobar focuses his practice on advising lenders, sponsors, investors, project companies, public and private utility companies, private equity funds, joint ventures, institutional owners and closely held horizontal and vertical project owners and developers across the U.S. and throughout the Americas. He advises them on their deployment of capital on the debt and tax equity project financing, M&A, development and sale-leaseback of complex and large-scale utility grade renewable (solar, onshore and offshore wind), geothermal and alternative energy (including biofuel and emerging energy) projects, as well as large infrastructure, transportation and private-public development projects.Close
Lawrence S. (Larry) Glosser
Ahlers Cressman & Sleight
Mr. Glosser’s primary focus is real estate, business, and corporate law. His practice combines transaction... | Read More
Mr. Glosser’s primary focus is real estate, business, and corporate law. His practice combines transaction and litigation. He has been actively involved in the real estate industry as a broker, manager, developer and attorney since 1978. Mr. Glosser is thoroughly familiar with all aspects of real estate transactions and financing. He brings his entrepreneurial experience to the practice of law, enabling him to understand both the legal and business issues presented in each transaction. As an attorney, he assists clients with understanding and evaluating legal issues associated with business transactions, enabling clients to analyze risk, and make informed business decisions. Mr. Glosser is a frequent speaker on a variety of real estate topics, both locally and nationally.Close
Micah J. Halverson
Mr. Halverson represents commercial lenders and developers in a variety of financial transactions and developments. He... | Read More
Mr. Halverson represents commercial lenders and developers in a variety of financial transactions and developments. He has served as lead counsel to several national banks, assisting their community development lending platforms to provide comprehensive lending services on predevelopment, construction, bridge and permanent loans on multifamily housing projects using LIHTCs. Mr. Halverson also represents multiple super-regional banks in their general commercial lending and healthcare lending platforms, including asset based loans, revolving lines of credit, senior housing loans, skilled nursing loans, bridge to HUD loans, healthcare M&A finance, and other business loans. He routinely represents commercial real estate lenders who originate loans on projects including charter school, office, student housing, hotel, multifamily housing, condominiums, industrial and self-storage utilizing mortgage and mezzanine financing structures. He regularly serves as real estate counsel in P3 transactions developing social infrastructure, housing and transportation infrastructure. Mr. Halverson represents a major mortgage loan servicer and manages a national team of attorneys in mortgage litigation and loan workout matters. He is a frequent presenter, panelist and guest lecturer at the University of Colorado Law School and the Sturm College of Law at the University of Denver on transactional law topics as well as an instructor in continuing legal education seminars on commercial lending.Close