Presented by the Real Property Section
About the Program
In session two, we will delve into the new Connecticut and Federal Laws affecting the purchase, sale and financing of Connecticut real estate. Specifically, we will tackle the new FinCEN filing requirements, Fannie Mae/Freddie Mac multifamily disbursement issues, an expansion of redactions on the land records for privacy purposes, revisions to the Validating Act, and the illegality of NTraps. We will also explore Title Insurance issues including alternatives to Title Insurance, additional matters covered in expanded Owner’s Policies, updates to ALTA’s Best Practices and newly issued ALTA Endorsements.
You Will Learn
• An overview of common purchase and sale agreements in the marketplace today and the Model Residential Real Estate Contract approved by the Real Property Section
• About the many closing customs in each Connecticut county
• How the NAR Settlement affects Connecticut practitioners
• About troubleshooting pre-closing problems, including the difficult client, lender, realtors, opposing counsel, timing
• About new Federal and State Laws affecting Connecticut Real Estate
• About new ALTA Endorsements and updates to ALTA Best Practices
• About new FinCEN – the Real Estate Recording Act
• About changes to CTA filing requirements
• About zombie mortgage statute
• About Land Record redactions for judges
• About recording fee increases
• About changes to the Validating Act
• New and/or revised Standards of Title
• About probate issues affecting real estate
• What title insurance commitments, policies and endorsements do and do not cover
• About Probate Issues affecting real property in Connecticut
• About voluntary and involuntary transfers
• About the different types of easements and how they are created, terminated and/or modified
• How bankruptcies affect real estate titles
• About last minute closing surprises
• About post-closing issues with recordings, fraud and misrepresentation
Who Should Attend
This program is designed for experienced Residential Real Estate attorneys and paralegals, and those interested in learning more about residential real estate closings.
Cost
(Includes snacks and electronic materials)
Real Property, Solo/Small, Young Lawyers Section Member in-person or virtual $90
Member in-person or virtual $120
Student Member in-person or virtual $0
Non-Member in-person or virtual $240
Please log into your account to receive CBA member pricing.
Financial hardship information is available upon request.