According to “The New ALTA Title Insurance Policies (With Comparisons), Making the leap from 1970 to the 21st Century by Shannon J. Skinner, a covered risk under a standard title insurance policy includes “Defect, lien, or encumbrance on title, including by reason of forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; failure of entity to authorize, improper execution formalities; improper document creation by electronic means allowed by law; execution under invalid power of attorney; improper recording/indexing; defective judicial/administrative proceeding… Invalidity of lien of insured mortgage, including by reason of forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; failure of entity to authorize, improper execution formalities; improper document creation by electronic means allowed by law; execution under invalid power of attorney; improper recording/indexing; defective judicial/administrative proceeding.” klgates/files/tempFiles/c15e92f8-1361-46f0-96d9-2376f7421cac/article_skinner_0907.pdf
Posted on: Sat, 05 Jul 2014 02:42:44 +0000
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