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You are claims counsel for a title insurance underwriter and receive the following claim: In 2008, John and Mary Adams purchased Lot 10 of Happy Acres as tenants by the entirety, and financed the purchase with a $250,000 loan from Big Bank. In 2009, Mary inherited a sum of money from her father, and paid … Continue reading ARTU Challenge
The title industry in Virginia has had a mutual indemnity treaty in place since the fall of 2015. This agreement among title underwriters eases the burden of title insurance agents to clear enumerated title objections, for insurance purposes only, by providing an alternative to letters of indemnity. The purpose of the agreement is stated in its introductory … Continue reading A Brief Review of the Virginia Mutual Indemnity Treaty
Are you prepared in the event of a Disaster? Answer these top 5 questions and you will have the start of an Emergency Plan! What do you need in order to keep your business going? ...You have been given only 15 minutes to get in and out of your office, what would you get? … Continue reading Top 5 Questions: Disaster Recovery & Emergency Planning
Name: Terri Stitzer, VCTECompany: Great American Title Insurance AgencyCurrent Position at Company: Title Examiner Prior Company & Job Title: DTS Titles, Inc. as Owner/President, Title Agent and Title Examiner. Prior or Current Role(s) within VLTA: VLTA Examiner Magazine Editorial Board Member, Member on the VLTA Education Committee; VCTE Title Examiner Study Book … Continue reading VLTA Member Spotlight: Terri Stitzer
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By Douglass W. Dewing Title insurance, and the title examination upon which the policy is based, rely on consistent applications of general principles of law. A title examiner’s report walks a thin line between a mere listing of documents found during the period of examination and an opinion of a knowledgeable lay person applying those … Continue reading Top 10 Scary Things to Encounter During a Title Examination