Trusted Adviser Masthead
December 2010 | Volume 3 • Number 11
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Update from ATG Administration
Year in Review and 2011 Forecast
Great Results and Prospects Despite Challenges
On December 16, 2010, ATG® hosted a holiday party at Union Station in Chicago. It was our first holiday party in several years. It was attended by more than 500 ATG members, as well as leaders in the political, legal, business, and civic communities. The convivial, fraternal feeling that has been so critical to ATG's success was in evidence that night.

ATG will celebrate its 47th year in 2011. I am proud to say that in 2011 I will celebrate my 30th anniversary with ATG and my 20th year as President.

What a success story we have been!... read more

Peter J. Birnbaum
ATG President and CEO



ATTORNEYS | Practice Notes
December 2010 Outlooks — The economy expanded in the third quarter of 2010 at a faster pace than first reported... read more
Condominiums; Foreclosure
PA 96-1045 — Purchasers of condominium units in foreclosure must pay any assessments for the community&€™s common expenses that would have accrued in the six months prior to an action to enforce the assessments... read more
Foreclosure; Mortgages
Citizens States Bank of New Castle v Countrywide Home Loans, Inc — If a mortgagee forecloses on a property that subsequently remains subject to a junior lien from an entity not party to the original foreclosure, the mortgagee retains a mortgage in a superior position. However, the right to foreclose this mortgage does not pass to a third party transferee... read more
Adverse Possession; Easements
Foster v Fabish — Because an easement implies consent, it is impossible to attempt to adversely possess it... read more



ATG MEMBERS | Underwriters' Bulletin
Bankruptcy; Foreclosure: Record Mortgages within One Week of Closing — The bankruptcy code prevents creditors from receiving a windfall because a lien was secured just before the debtor filed bankruptcy... read more
New Closing Protection Letters and Procedures Coming in January 2011 for Illinois — As previously reported, starting January 1, 2011, Public Act 96-1454 requires that the title insurance underwriter, not the agent, issue all closing protection letters... read more



IN THE NEWS | ATG Demotech Rating Remains High, ATG President on ALTA Board of Governors
ATG Maintains High Financial Stability Rating
In September 2010, Attorneys' Title Guaranty Fund, Inc. was once again rated A Prime Unsurpassed by Demotech, Inc. &€” the highest rating given to any regional title insurer in the United States. ATG has maintained this rating since 1995... read more
American Land Title Association Names ATG President Peter Birnbaum to Board
"I am delighted to have Peter on our board. He is one of the most talented title insurance professionals in the industry and we are fortunate to have him," said Kurt Pfotenhauer, chief executive officer of ALTA, based in Washington, D.C. Peter Birnbaum's appointment runs for the 2010-2011 year... read more



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[Last update: 12-29-10]