The New Wave of Title Problems & How to Solve Them

April 9, 2010
Pennsylvania Bar Institute

12:30 p.m. - 3:45 p.m.

This seminar was presented twice, first on April 9, 2010, at The CLE Conference Center Wanamaker Bldg. in Philadelphia, PA, and then again April 15, 2010, at the PBI Conference Center, in Mechanicsburg, PA.

Massive foreclosures and losses in property value have spurred numerous claims by lenders for coverage under their title policies. Additionally, lenders are filing claims against title insurers under Closing Protection Letters, alleging the insurer is responsible for losses not covered by title insurance, particularly in the context of mortgage fraud. Understanding what title policies and closing protection letters do and do not cover and when a title insurer is liable for the actions of its agents will help you as a practitioner know when to bring a claim and when not to. In addition, tips on what coverage to ask for in handling closings right now will be provided. You will also learn about:

Agenda:

  • 12:30 - 12:35
    • Introduction: Hot Issues Involving Title Insurance
  • 12:35 - 1:15
    • The Subprime Crisis: Types of Mortgage Fraud, Falling Property Values, Creditor Rights, Identity Theft v. Forgery
  • 1:15 - 2:15
    • Mortgage Fraud: Who Is Liable, Closing Protection Letters, RICO
  • 2:15 - 2:30
    • Break
  • 2:30 - 2:45
    • Insuring against Mechanics` Liens and Policy Forms: Welcome to the New World
  • 2:45 - 3:45
    • Review of a Mortgage Fraud Hypothetical (ETHICS)

Faculty:

Blair H. Granger, Esq., The Granger Firm, Paoli
Richard A. Angelo, Esq., First American Title Insurance Co., King of Prussia
Dwight E. Edwards, Esq., Old Republic National Title Insurance Co., Wayne
Edward J. Hayes, Esq., Fox Rothschild LLP, Philadelphia
Lauren P. McKenna, Esq., Fox Rothschild LLP, Philadelphia
Brenda B. Sebring, Esq., Sebring & Associates, Monroeville
Alfred V. Watterson, Jr., Esq., First American Title Insurance Co., Pittsburgh
Laura E. Fox, Esq., Lawyers Title Insurance Corporation, Philadelphia
James L. Goldsmith, Esq., Caldwell & Kearns, PC, Harrisburg