Title insurance is an essential component to every commercial real estate transaction. Without it, no buyer will buy the property, no investor will invest, and no bank will finance the transaction. Despite its central function in all real estate deals, its seeming “boilerplate” is easily overlooked and details embedded within those ATLA forms can easily have a major impact on the value of the underlying transaction. This program will provide you with a real-world guide to the role of title insurance in commercial real estate transactions, discuss important if overlooked provisions in ATLA forms, and review recent and proposed changes, and how they will impact real estate transactions you plan, structure, and draft.
· Understanding title insurance in commercial real estate transactions
· Detailed review of ALTA forms, including recent and proposed changes
· Coverage exclusions and policy conditions and other often overlooked details
· Owner-covered risks and loan covered risks
· Issues involving financially distressed real estate
· Maximizing benefits of title insurance and integration with the underlying deal
Robert Bozarth is National Agency Counsel of Fidelity National Title Group, based in the company’s Richmond, Virginia office. He has more than 30 years’ experience in all aspect of title insurance in commercial real estate transactions. He is a Fellow of the American College of Mortgage Attorneys and the American College of Real Estate Lawyers. He is a member of the Title Insurance Forms Committee of the American Land Title Association and has written and spoken extensively on title insurance, including as a chapter contributor to “Title Insurance Law,” a treatise published by the University of Oklahoma. Mr. Bozarth earned his B.S. from the University of Virginia and his J.D. from the University of Virginia School of Law.