Beverly Hills Bar Association
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Real Estate Section
Presents
Mastering Escrow Instructions and Title Insurance Coverage: Critical Issues You Should Know and Traps to Avoid
If your client is purchasing property or making a loan which is to be secured by a lien on real property, your client's first concern should be the selection of a financially responsible escrow agent who must then be provided with a comprehensive set of written escrow instructions which provide the maximum amount of protection. Unfortunately, far too often the lawyer will select an escrow agent which is not financially responsible, and will exacerbate that problem by submitting a set of escrow instructions which are inadequate and thereby create potential liability for the lawyer.

The client's second concern should be the selection of a financially responsible title insurance company which has the ability to pay any size claim. This selection must be made with a thorough understanding of the "traps" for the insured which lurk in in the standard title insurance policies, including Exclusions From Coverage 3 (a) and 3 (b). These basic concerns are frequently overlooked in the rush of even the simplest of closings.

Assuming that you obtained the proper escrow and title insurance protections for your client at the close of the transaction, are you prepared to properly advise your client in the event that there is a post-close problem? A thorough knowledge of escrow and title insurance is required to protect your client and yourself from the post-closing problems which may loom in any real property transaction. This program will inform you of the principal issues with respect to escrow and title insurance coverage and the potential liabilities which both your client and you face when closing a transaction without a mastery of these critical issues.

Speakers:

John Hosack, a shareholder with the firm of Buchalter Nemer, wrote California Title Insurance Practice (Calif. Cont. Ed. Bar, First Ed.), which was the first book published on title insurance. In recognition of John's decades of contributions to continuing legal education, the California Continuing Education of the Bar awarded him the Spirit of CEB Award. In addition, John served as the Chair of the American Bar Association's Title Insurance Litigation Committee. Finally, John is a Fellow of the American College of Real Estate Lawyers and a Fellow of the American College of Mortgage Attorneys.

Jason E. Goldstein, a shareholder with the firm of Buchalter Nemer, is the Chair of the firm's Mortgage Banking Group. Jason's practice emphasizes the representation of mortgage brokers, real property owners and lenders in litigation, including prosecuting their claims against their escrow agents and title insurers. Jason is a frequent speaker on and author on real property issues and has spoken to the Mortgage Bankers Association, the California Mortgage Bankers Association and the California Mortgage Association.
When: Wednesday, May 4, 2016, 12:00 pm to 1:30 pm
Where: Beverly Hills Bar Association (Directions, Parking at 241 No. Canon Drive)
$0 - Members of The Order of Distinguished Attorneys
$25
- BHBA Members who pay in advance*
$225 - Non-BHBA Members who pay in advance*
Interested in Membership? Try it Free, No Commitment, for 30 days
Oron Maher, Esq. - Section Chair | Howard Gould, Esq. - Program Chair
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* Advanced registration closes 24 hours prior to event time. Registrations received thereafter include a $25 additional fee. Full refund with 48 hours notice. Raincheck with 24 hours notice.

This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California in the amount of 1 Hour of Participatory Credit and the Beverly Hills Bar Association certifies that this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education.
 
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