Underwriting News

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Title Tips: Representing a Buyer in an REO? Provide a Survey
12/06/2012 - 11:24am
Many attorneys now find themselves representing buyers in REO transactions. (An REO transaction is the sale of real estate owned by a lender following a foreclosure.) Typical REO contracts provide...
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Title Tips: New Buyer
11/16/2012 - 11:46am
If the buyer for your transaction changes or if an additional buyer is added to the transaction, you must run a judgment and lien search on the new name. Any judgments that come up on the search must...
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Building Code Violations
11/15/2012 - 3:05pm
ATG receives numerous claims each year relating to building code violations, many of which are denied. The basis for the denial is usually that no document has been recorded reflecting the building...
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Water Certification Procedures - Update
11/13/2012 - 3:51pm
A Water Certification is required for all deeds being recorded even if you are recording two deeds for the same transaction. Read more about Water Certification Procedures. Questions? Contact Dan...
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Transfer on Death Instrument - Underwriting Guidelines
10/17/2012 - 10:50am
EDITOR'S NOTE: This information is no longer current. Please see the Illinois Underwriting Guidelines, Chapter 8C-VI, Decedents' Estates: Transfer on Death Instruments. The Illinois Residential Real...
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Unpaid Utility Bills – Water Bills
10/15/2012 - 10:43am
ATG frequently receives claims for unpaid utility bills. The majority of these claims are for unpaid water bills. These claims are especially prevalent in short sale transactions and transactions...
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Title Tips: No CPLs When the Closing Is Not Done by ATG or an ATG Agent
10/09/2012 - 1:33pm
ATG does not issue a Closing Protection Letter (CPL) when the closing is not being conducted by ATG or an ATG issuing agent. To make sure that ATG’s records reflect that no CPL fees will be remitted...
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