Topic :Ask the TITLEMAN™
Ask the Titleman™ - August 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. I recorded a Quitclaim Deed to place my property into a Living Trust. I have discovered that the surveyor’s legal description contained a significant error which the surveyor has corrected by giving me a new legal description. The error: “….a distance of 275 feet more or less to the […]
Ask the Titleman™ - July 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. I have a guy calling about getting an additional insured endorsement for his policy as he has deeded into his trust. My company issued to him an ALTA Homeowner’s Policy. When I looked the policy it states under the continuation of coverages section includes “the trustee or successor trustee of […]
Ask the Titleman™ - June 07
by John T. Lotardo aka TITLEMAN(TM)
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. I hope you can help confirm something for me. Somebody asked me a question and want to make sure I answered them right. They asked if on a Beneficiary Deed where somebody is taking title as sole and separate, they asked whether or not we still need a Disclaimer Deed from […]
Ask the Titleman™ - May 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. One of our title examinations has a seller who filed Bankruptcy in another state. We asked for proper proceedings because we didn’t have the details of the bankruptcy. What we got was an instruction that the Bankruptcy Trustee must convey from this Chapter 7 case. They need all documents, […]
Ask the Titleman™ - April 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. I received in the mail last week an Arizona Preliminary Twenty Day Lien Notice from an Electrical Supply Company, who is a subcontractor for a builder, who is doing work on this development of mine. Is this typical and is there anything that I need to do in response to […]
Ask the Titleman™ - March 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. Thank you for taking my question regarding an issue that we are having. I have several deeds that are giving us trouble. There is a Beneficiary Deed that gives the property to it looks like all family members but not until the father passes away. Can you please just let me know […]
Ask the Titleman™ - February 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. I have an escrow which has cancelled due to the buyer unable to obtain new financing. I was told that the loan was denied due to a false social security number but the buyer’s agent is saying there’s some mix-up. Our seller is angry because the house was left off […]
Ask the Titleman™ - January 07
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. I have an escrow which has cancelled due to the buyer unable to obtain new financing. I was told that the loan was denied due to a false social security number but the buyer’s agent is saying there’s some mix-up. Our seller is angry because the house was left off […]
Ask the Titleman™ - December 06
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. If someone owns a piece of property and then does a Beneficiary Deed to her son and then she dies, does the property go to him? Second Question- If she wants to sell the property and she records the bene deed, will he have to sign off on the property? A. […]
Ask the TITLEMAN™ - November 06
by John T. Lotardo aka TITLEMAN™
Sr. VP/General Counsel, Stewart Title & Trust of Phoenix, Inc.
Q. We have an escrow for vacant land selling around $80,000.00. The Seller has recorded, but he has not filed, the Affidavit of Succession. I thought the ceiling for this type of doc is $50,000.00 and only for a home and not vacant land. What document should be filed with the County Clerk? A. […]