March 19, 2020
This event has been cancelled and will be rescheduled for a later date.
12025 Lee Jackson Memorial Highway
Fairfax, VA 22033
|Title Agents: 4 hours CE
Attorneys: 4 hours CLE
VCTE: 4 hours CCE
VCTSA: 4 hours CCE
|SCHEDULE OF EVENTS|
|12:30 PM||Onsite Registration|
|1:00 PM - 5:30 PM||Educational Sessions|
|5:30 PM - 7:00 PM||Reception Sponsored by Qualia|
KAY CREASMANTransfer on Death Deeds
Transfer on Death Deeds (TOD deeds) have been available in Virginia since 2013, but we are just now seeing them used to avoid probate. Come engage in a discussion of how they function, why they are preferable to a living trust, and how we handle them for title insurance purposes.
JULIE ANN RUTLEDGESurvey Matters
Deed and legal description errors are a common source of defects in title. There are many human or other factors that contribute to these types of mistakes. Inaccurate legal descriptions due to human error can be problematic and create title problems. Residential and Commercial Acreage searches which contain metes & Bounds descriptions are like pieces of a puzzle. When researching the title or underwriting, we are checking to make sure that all the pieces fit exactly together, with no gaps or overlaps. We want to be sure that we have all the pieces of the puzzle. How do we do this? In order to recognize potential errors or issues, we need to be able to understand the characteristics and principles of the Metes & Bounds description. In this course you will learn the basic principle of reading a Metes & Bounds description and walk through title examples as we discuss and apply the principles to a variety of title issues.
MARK A. BAYERFIRPTA
Under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), sales of real property by non-resident foreign persons or foreign entities may trigger a requirement to withhold funds from the seller’s sale proceeds to ensure collection of capital gains taxes that may be owed to the United States Treasury. This course will identify the persons or entities to which this withholding requirement applies, examine the obligations of sellers, buyers and settlement agents who are involved in the transaction, and describe the procedures that the parties and the settlement agent must follow to comply with the law and applicable regulations. The course will also advise settlement agents how best to prepare for and handle smoothly a transaction involving FIRPTA.
TOULA DREIFUSS & SARAH LOUPPE PETCHERStranger than Fiction: Real Stories from the Closing Table
This course will review some of the common issues which settlement agent may encounter when processing contracts drafted by non-lawyers. The course will consider nine fact patterns and correlate specific provisions of regional Realtor standard forms; relevant code sections and statutory provisions to arm the practitioner with tools to provide practical solutions to these common but thorny (and always time sensitive) issues.
Registration Fees:All-Inclusive Members: FREE
Standard Members: $50.00