Episode 69 - Title Insurance 101 - What Real Estate Agents Need to Know

Our title 101 includes three real estate attorneys as members of our panel Diana Mendoza Pacheco - https://lawofficeofmp.com/ Tom Anselmo and John Brennock - https://dallegal.com/ Josephine Hamel - www.dkmolaw.com 00:00 Introduction 00:23 The title insurance policy  02:51 Introduction of panelists  10:15 Ownership challenges and title insurance  11:55 Risks related to property liens  16:21 Auction property and title insurance  19:07 Seller's and lender's protection  20:49 Mechanics liens and title insurance  24:32 Discussion about the need to protect buyers and sellers during property transactions. 25:26 The potential issues and risks of allowing buyers to do repair work on a property before closing. 27:30 Risks and concerns associated with buyers doing work on a property before closing. 29:47 Issues related to improperly handled or recorded documents that title insurance protects against. 31:33 Encroachments and easements that title insurance protects against. 33:25 Information about title insurance providers and the role of attorneys in real estate transactions. 35:57 The importance of using a real estate attorney who is experienced and focused on real estate transactions. 43:31 The process of introducing an attorney into a real estate transaction and building a partnership with the client. 45:02 The timing of attorney referrals in real estate transactions. 47:20 Discussion on the expertise of the speakers, the role of attorneys and agents in real estate transactions. 48:20 The Role of Attorneys in Real Estate Transactions 49:22 Importance of Attorneys in Title Insurance  50:44 Risks and Concerns with Brokers Acting as Title Agents  52:21 Title Insurance as a Product and Consumer Protection 55:50 Seller Impersonation Fraud People, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues. Our Success Series covers principles of success to help your thrive! IG - https://www.instagram.com/peoplenotti... FB - https://www.facebook.com/peoplenottitles Twitter - https://twitter.com/sjkaempf Spotify - https://open.spotify.com/show/1uu5kTv...