10 Common Survey Issues Relevant to Title Problems

10. History of Surveying in the Colonial Era Surveys in the colonial era were quite inadequate due to the lack of qualified personnel and the use of poor equipment. The most qualified surveyors were busy mapping the country and plotting rivers, which was the main source of transportation of that time. The surveys performed for … Continue reading 10 Common Survey Issues Relevant to Title Problems

How to have a successful Real Estate Settlement Agent Audit

Once a year you get notified that the agency’s RESA audit is due to be conducted. What will the auditor be looking for? According the Virginia Code § 55-525.24(A): All funds deposited with the settlement agent in connection with an escrow, settlement, or closing shall be handled in a fiduciary capacity… What does fiduciary capacity … Continue reading How to have a successful Real Estate Settlement Agent Audit

With the Proliferation of State Cannabis Programs, Where Does Virginia Fit In? (Part 1)

If you have watched the news or read a newspaper lately, you have likely been confronted by the rapid expansion of state medical cannabis programs. More than 50 percent of states currently have medical marijuana laws on their books, several other states are considering establishing such programs, and a handful of states allow adult use … Continue reading With the Proliferation of State Cannabis Programs, Where Does Virginia Fit In? (Part 1)

Claims, ALTA Risk Codes and Lessons from the Great Recession

By Skip Sacks, Virginia State Counsel Stewart Title Guaranty Company Our story begins in the spring of 2011. I was reviewing Stewart Title Guaranty Company’s Virginia claims totals for 2010 and it was clear that the recession was causing a huge increase in claims volume and losses. My colleagues at competing underwriters confirmed that they … Continue reading Claims, ALTA Risk Codes and Lessons from the Great Recession