Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Title Insurance: How to Obtain More Bang for Your Buck
Aside from Russian billionaires who spend tens of millions of dollars for ridiculously expensive Manhattan apartments, the rest of us learned the same lesson from the Great Recession as did our grandparents from the Great Depression: Money is tight. As consumers, we now want more bang or greater value for our dollars. The marketplace, aside from cellular companies and the airlines, now offers us seemingly more for less. Witness the television ads for chain restaurants that purport to offer more food and more choices for less money. We real estate attorneys are no less demanding; we want greater value, even from our staid title policies. Here is how title underwriters are in tune with your wishes.
Background
In title underwriter parlance, New York is a promulgated form state. That means that title underwriters and their agents can only issue title policy forms that, upon the application of the underwriters through the Title Insurance Rate Service Association (“TIRSA”), have been approved by the State's Department of Financial Services (“DFS”) or its predecessor, the Department of Insurance. Every policy issued in New York, whether for a billion-dollar commercial development on the West Side of Manhattan or a house in Jefferson County, must use the exact text found in a state-approved form. There are different forms of policies. For example, DFS has approved a form that can only be issued to the United States or its departments (the United States policy, so aptly named) or the TIRSA Owner's Extended Protection Policy (the “TOEPP”) that can be issued only to natural persons purchasing residential property. Aside from these two exceptions, the text within the owners'/fee policy is exactly the same as all other policies issued to purchasers, and the text of all mortgagee/loan policies is the same as that of all other policies issued to lenders.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.