Video 3 of 3 about Title Insurance
Kay Creasman and Kevin Pogoda discuss how title insurance is different from settlement services and how attorneys structure their practice in the industry to fit their goals and financial interests. The information covered includes contracts (residential and commercial transactions), the difference between attorney settlement agents and lay settlement agents, the federal statute Real Estate Settlement Procedures Agents Act (RESPA), as well as the state statute Real Estate Settlements Agents (RESA), and the difference in regulation of escrow accounting/disbursements for commercial versus residential closings. The discussion also covers seller representation, ownership interests in title agencies, representation disclosures, different attorney roles, and problem resolution.
For more information, see the Virginia State Bar Real Property Section website: vsb.org/RP/groups/RP/home.aspx
If you need a lawyer, contact the Virginia Lawyer Referral Service at (800) 552-7977 or visit www.vlrs.net.
11 сен 2023
