Question: In 2010, ABC Development acquired 50 acres and encumbered the acreage with a $600,000.00 deed of trust to Middlesex Bank. In 2012, ABC conveyed 5 acres to Russell Brinker, who obtained an owner’s title insurance policy. Brinker’s settlement agent sent the necessary funds to Middlesex Bank to obtain a certificate of partial satisfaction of … Continue reading ARTU Spring 2023
Caselaw Affecting Ownership of Real Estate in Virginia – Part One
We are all generally knowledgeable about various concepts and rules relating to both title insurance and real estate in Virginia, but do you know the origin of the real estate related law that we are required to follow? The laws stem from either the Virginia Code or court decisions (caselaw) which is used as precedent … Continue reading Caselaw Affecting Ownership of Real Estate in Virginia – Part One
ALTA Diversity, Equity and Inclusion (DEI) Advisory Council
In 2022, the American Land Title Association (ALTA) formed a Diversity, Equity and Inclusion (DEI) Advisory Council, bringing together leaders of various committees and association groups who are working on initiatives related to diversity, equity, inclusion, and access in the land title industry. The DEI Advisory Council will advise the Board of Governors in its strategic … Continue reading ALTA Diversity, Equity and Inclusion (DEI) Advisory Council
ALTA Urges FinCEN to Give Title Entities Access to Beneficial Ownership Information System
February 16, 2023Reprinted with permission from the American Land Title Association. View the original article here. ALTA submitted a letter in support of the development of the Beneficial Ownership Information (BOI) system being created by the Financial Crimes Enforcement Network (FinCEN). BOI is a critical tool for combatting money laundering through real estate transactions. The Geographic Targeting Orders (GTOs) … Continue reading ALTA Urges FinCEN to Give Title Entities Access to Beneficial Ownership Information System
Spring 2023 Puzzle
Instructions. Complete the word search below.
VCTE Course Launch Date
https://videopress.com/v/BOLd2YvE?resizeToParent=true&cover=true&autoPlay=true&loop=true&preloadContent=metadata&useAverageColor=true The NEW and REVISED 16-hour Virginia Certified Title Examiner course is coming soon to you in January 2023. Stay tuned for additional details in the near future.
Heirs’ Property from a Title Insurance Perspective
During winter, many of you might have visited Massanutten Ski Resort in the mountains of Virginia. If you haven’t been to Massanutten’s slippery slopes, you’ve likely heard of it, if you live in Virginia. While skiing or snow tubing with your family and friends, despite your passion for title insurance and real estate, you likely … Continue reading Heirs’ Property from a Title Insurance Perspective
Virginia Law on Establishing Bottomland Ownership with a King’s Grant
Nejron Photo/Shutterstock.com Subject to certain exceptions, Virginia law is that the Commonwealth of Virginia owns the bed of the rivers, creeks, bays and the sea all throughout the state.[1] The September 15, 2022, issue of this Magazine catalogued these exceptions in an article titled “Does the Property Line Move When the Shoreline Changes at My Waterfront … Continue reading Virginia Law on Establishing Bottomland Ownership with a King’s Grant
In Memory of Glenda Brooks
In September, our industry and our state association lost a treasure, Glenda Brooks. Glenda served on many committees for the Virginia Land Title Association, and was on the Board of Directors beginning in 2009, serving as President in 2016-2017. She owned Middlesex Title Company with her husband Rob and was an extremely experienced title examiner … Continue reading In Memory of Glenda Brooks
ARTU December 2022
Question: In 2005 acreage was conveyed to Development Company, Inc. (DDI). In 2008 DDI properly recorded a subdivision plat of Happy Acres (the original subdivision plat). In June 2009 DDI conveyed Lot 12 of Happy Acres, containing 4.5 acres, to Richardson Thompson. In August 2009 DDI recorded a resubdivision plat of Happy Acres, which increased … Continue reading ARTU December 2022
Does the Property Line Move When the Shoreline Changes at My Waterfront Property?
The place where the waterfront property touches the water (i.e. the shoreline) differs from the other boundaries at the parcel. Upland boundaries have a fixed location. Not so at the shoreline, where wave action, water currents, wind and other natural forces constantly change the shape and location of shoreline. Courts in Virginia recognize that the shoreline … Continue reading Does the Property Line Move When the Shoreline Changes at My Waterfront Property?