In three hours, real estate attorneys learn to read "lot & block" & "metes & bounds" surveys, understand the different types of deeds, and tenancy - how clients need to take title to their property.
The importance of recommending owners’ title insurance is discussed, along with the history and explanation of coverage (standard & enhanced policies).
Today, many sellers are "upside down" in ownership. The information provided (basics of a title search & title insurance commitment/binder) will assist in eliminating surprises at the closing table (forgotten judgment, UCC, second deed of trust).
Knowledge of Virginia’s Wet Settlement Act insures better communication between law firms and real estates agents insofar as recordation, disbursement and funding laws.
