Upcoming VATC Webinars

DATE: May 12, 2021
12:00 p.m. – 12:30 p.m.

Don’t miss it! If you watch the whole program and don’t check your email (not even once), you’re entitled to 0.5 hours of CLE!

Click here to register

** Separate registration is required for each program. Can't make the date? Don't worry, all webinars will be recorded and available on our website within a day of the program. If you watch the whole program and don’t check your email (not even once), you’re entitled to 1.0 hour of CLE!

June 9, 2021: Title Insurance Claims: Pay It or Deny It?
11:00 a.m. - 12:00 p.m.

You are claims counsel for the day! Hear real life title insurance claims and then decide if you would pay the claim or deny it (and why). Then hear from the expert, CATIC Senior Claims Counsel John Scanlon, who will explain what really happened to the claim. Join the fun! Click here to register.

June 16, 2021: Foreclosures A to Z; Case Law & Legislative Updates; Hot Topics
11:00 a.m. - 12:00 p.m.

Join Liz Smith and Andy Mikell for a survey discussion of whether the title is marketable post-foreclosure. Additional topics include our annual update on new legislation, court cases and other hot topics. Don't miss this program! Click here to register


June 23, 2021: Two-Part:
Clear and Present Danger in the Re Estate Industry - Cyber Security Awareness Update; and
Fun and Important Things to Know About 1031 Like-Kind Exchanges;
11:00 a.m. - 12:00 p.m.

Join CATIC Exchange guru, Attorney Al Caporale, to learn fun and important things about the 1031 Exchange process. Additionally, CATIC Pro President, Attorney Colleen Capossela, will scare you straight BUT help try and save you from the "bad guys" out there in cyber-land. Protect your clients, protect yourself from loss by hearing from Colleen. We recommend that all office staff watch this program. Don’t miss this program! Click here to register.
VATC's Website - A Valuable Resource

The VATC website contains a treasure trove of valuable resources and important information. It's your go to place when the next "unique title insurance situation" arises.

Our Policy Preparation and Underwriting Guidance sections can serve as checklists. Under Policy Preparation, you will find answers to out of the ordinary situations such as what to do with manufactured homes, transactions involving entities (LLCs, corporations, partnerships, trusts) or how to handle policies with multiple mortgages. The Underwriting Guidance section includes "how-to" guidance for situations involving unique Powers of Attorney or removing the survey and parties in possession Exceptions in Schedule B.

As ever, we welcome your comments and suggestions for how we can improve the site. Please let us know! Thank you.
Keys to Avoid Ransomware: Don’t Get Locked Out!

Although ransomware has been around since the late-1980s, its use has greatly increased. It has become a prevalent form of malware that shows no sign of slowing down in its path of destruction. Recent media stories involve ransomware attacks, such as CryptoLocker, CryptoWall, and, perhaps, most infamously, WannaCry. In many attacks, millions of dollars were lost by end users and companies, who had to pay to have their files "unlocked.” WannaCry was considered a worldwide cyberattack, as it infected over 200K users in 150 different countries. Victims of WannaCry were confronted with this taunting message:

Ooops, your files have been encrypted! Many of your documents, photos, videos […] are no longer accessible. Maybe you are busy looking for a way to recover your files, but do not waste your time.

Can you recover files? Sure. We guarantee that you can recover all your files safely and easily, but you have not enough time. You only have 3 days to submit the payment. After that, the price will be doubled. Also, if you don’t pay in 7 days, you won’t be able to recover your files forever.

Click here for the full article.
Home Title Lock - Who Are They? Should your Clients Buy It?

Have your heard advertising on local radio station for Home Title Lock? The ad warns that house stealing and deed fraud is the "latest scam."

According to the company’s website, Home Title Lock is a subscription-based monitoring and notification service. In the company’s own words: “For pennies a day, Home Title Lock posts a virtual perimeter around your home’s online title and mortgage. The instant we detect anyone tampering with your title or mortgage, we’re on it alerting you and mobilizing to help shut it down. In the unlikely event your title or mortgage is compromised, our U.S. based Resolution Experts will assist until the matter is resolved.” It is not, however, advertised as an insurance product. The point of the service is to detect the fraud and notify you so that you can stop it, presumably by involving law enforcement. 

How is this product different from an owner title insurance policy?

While title insurers do not "monitor" the title, ALTA Owner Policies contain Covered Risks insuring against loss or damage resulting from fraud. Also, Expanded Owner Policies provide coverage against the risk of loss resulting from forgery or impersonation both before AND AFTER the Policy Date! Who knew that buying an OP would provide defense costs to fight off post-closing fraud.
Career Network

We often hear of firms who are hiring. While we welcome phone calls or emails, we have added a career network posted under News and Announcements (bottom right hand corner) of the VATC website.

We only post information with your permission and we will not act as an intermediary. If you would like to add a FREE posting for a job opening or a job sought, please email Katie with the information you would like to appear on our website.