Title Insurance

Summary: The purchaser of real estate has a duty to examine the public record and is chargeable with notice of whatever is shown by the record, even if the matter was not...

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A hold harmless letter is an indemnity agreement between two title insurance underwriters wherein, one underwriter agrees to indemnify the other for any claim that may arise out of a particular...

This article outlines the procedures for requesting that hold harmless letters be obtained or issued for ATG commitments and policies.

A hold harmless letter is an agreement in letter form...

ATG has adopted the American Land Title Association (ALTA) Homeowner's Policy of Title Insurance for a one-to-four family residence, as last revised by ALTA on 02-03-10, for use on transactions...

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An installment contract is an alternative to traditional mortgage financing where the buyer pays the sales price to the seller in installments over time. Instead of a deed and mortgage, the buyer...

Summary: Title companies can have liability for negligent misrepresentation to buyers who relied on the commitment despite not having been named a proposed insured....

 

HOLD HARMLESS LETTERS

In the title industry, a hold...

In Chicago Title Ins. Co. v. Bass, 2015 IL App (1st) 140948, the First District Appellate Court held that in an action for breach of warranty deed, the purchaser must prove that the...

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