Tag Archives: title insurance

Continuing Education

NJLTI has Bankruptcy course approved

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3 credit

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The Bankruptcy Act of 1898 was the first to give companies in distress an option of being protected from creditors. Since then, the laws and regulations have gone through a number of iterations that effect the consumer in bankruptcy and therefore title issues in real estate transactions for those going through bankruptcy. This course discusses the issues surrounding bankruptcy and foreclosures and the relationship they have to title insurance

If homeowners hold title to real property while under the protection of the Bankruptcy Court or are going through a foreclosure process and are looking to sell or refinance their property, certain underwriting requirements must be met in order to insure the transaction.

The course covers:

  • The Bankruptcy Protection Act
  • Types of Bankruptcy
  • Bankruptcy Procedure
  • The Automatic Stay
  • Abandonment
  • Creditors Rights
  • Judicial Liens
  • Mortgage Foreclosure
  • Certificate of Regularity
  • Rights of Redemption
  • Special issues in Bankruptcy and Foreclosure
  • Tax Sale Procedure
  • In Rem Bankruptcy
  • In Personam Procedure
  • Title Requirements for real estate derived out of bankruptcy

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Continuing Education

NJLTI has new course on Judgments approved

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3 credit

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How they arise, how long they last how do you get rid of them. In the past, a judgment became a lien upon its entry on the Civil Judgment and Order Docket through an automatic process. As the result of a statutory amendment, an abstract of the judgment must be submitted to the Clerk, together with the requisite filing fee, in order to create a lien. Entry upon the minute book of the court clerk is insufficient. A judgment lien is purely statutory in nature; it was unknown at common law.

This course will cover

  • Judgement Basics
  • Judgements as Liens
  • Tenancy
  • Child Support
  • Discharge of Judgment Liens
  • County and other Liens
  • Criminal& Civil Recongizance
  • Tax Liens
  • Franchise Tasx
  • Inheritance Tax
  • Estate Tax
  • Misc. Lines and Encumbrances
  • Mortgage3s
  • Foreclosure in rem
  • Foreclosure in personam
  • Construction Liens

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Continuing Education

NJLTI has new Title Searching course approved

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2 credit

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Since the dawn of civilization, society has recognized the need to create and maintain public records. Title to the entire State of New Jersey was originally vested in King Charles II of the United Kingdom after the conquest of the area from the Dutch. Today, government offices maintain these records. The Attorney or Title Officer reviews the search material and after applying the relevant legal principals determine the validity and/or insurability of the title under review.

In this course we will cover:

  • Search Theory
  • Searching Mechanics
  • Searching for Liens
  • The assembly and presentation of the search
  • the impact of computerization on searching

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