Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Real Property Title Searches Defined

June 15, 2017 Due Diligence, Title Related Topics Something

What is an Owner and Encumbrance Search? What is the difference between an Owner and Encumbrance Search and a Full Title Search? How about a Real Property Asset Search or an Easement/Boundary Dispute Search, what are they? If you’ve ever wondered about any of these questions, read on for Real Property Title Searches Defined. Owner and Encumbrance Search – Title reports which support and limit reported research to current ownership…READ MORE

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Federal Tax Liens Out Of Credit Reports And Related FICO Scores

May 04, 2017 Due Diligence, Title Related Topics Something

Equifax, Experian and TransUnion , the three major national credit reporting agencies, will implement new standards for their data collection pertaining to public record data, notably regarding federal tax liens and civil judgments. This implementation is set for July 1, 2017. In general, the agencies will no longer collect and utilize public record data unless specific minimum information is present, including social security numbers…READ MORE

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Uninsured Title Products For Lenders—When Title Insurance Is NOT Needed

February 16, 2017 Due Diligence, Title Related Topics Something

As a lender, do you always need an insured title product with a corresponding title policy? Do you always need to pay for that premium? The answer is:  it depends. But in which situations might a title policy be unnecessary? Lender title products usually come in three variables, depending on the lender’s risk considerations. An “Update” product, which is just what it sounds like, an update to a previously issued policy…READ MORE

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Leasing Space For Your Business? Be Sure You Do This One Thing!

January 12, 2017 Title Related Topics Something

You’re going to do it! You’re buying that business, or you’re starting a new one, and you need a location. You do your research, you measure the pros and cons and apply it to your situation, and determine (let’s say) that leasing a space for your business is the way to go. We’ve all heard horrible stories of tenants signing leases they have regretted, perhaps rushing in to something before fully vetting the opportunity. So…READ MORE

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Top Ten Things To Look For In A Title Search Company

January 05, 2017 Tips, Title Related Topics Something

Creating a title report is a complex and detailed process. It requires experience and industry expertise to craft a comprehensive report that you can trust to assist you in making decisions. Here's a look at the top ten things to consider when you choose a title search company to help you. Reliability Does your search company keep their word? Do you get your reports when promised? Do they have errors & omissions insurance? …READ MORE

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First Corporate Solutions to Sponsor Bulk Sale Class, Exhibit at California Escrow Association’s 59th Annual Education Conference

October 21, 2014 Title Related Topics, Event Something

FCS will host an exhibit at this year's disco themed "Don't Stop Believing" CEA conference, as well as sponsoring and presenting company news and information at the bulk sale session. The conference runs October 23-25 at the Hilton in Costa Mesa, with the bulk sale presentation taking place Saturday at 8:30AM. FCS will host booth #15 and will offer information on the available products and services, conference swag and a prize drawing. The…READ MORE

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Will a lender’s notation of its lien on a certificate of title for a vehicle always perfect the lender’s security interest?

July 17, 2014 UCC, Reduce Financial Risk, Title Related Topics Something

We continue our guest blog series with commercial lending attorney Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. You may also want to check out his eBook: Important Revisions To Article 9′s Rules Regarding Individual Debtors. Perfection in Titled Vehicles: Will a lender's notation of its lien on a certificate of title for a vehicle always perfect the lender's security interest? Answer: No. The general rule is that…READ MORE

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If a lender discovers that its borrower/mortgagor has transferred ownership of the mortgaged property to a trust or other person or entity, does the lender need to do anything to preserve its mortgage lien?

July 03, 2014 Title Related Topics Something

We continue our guest blog series with commercial lending attorney Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. You may also want to check out his eBook: Important Revisions To Article 9′s Rules Regarding Individual Debtors. Real Estate Transfer: If a lender discovers that its borrower/mortgagor has transferred ownership of the mortgaged property to a trust or other person or entity, does the lender need to do anything…READ MORE

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Top 10 Things to Look for in a Title Search Company

January 08, 2010 Title Related Topics Something

Creating a title report is a complex and detailed process. It requires experience and industry expertise to craft a comprehensive report that you can trust to assist you in making decisions. Reliability 1. Does your search company keep their word? Do you get your reports when promised? 2. Do they have errors & omissions insurance? 3. How often do they communicate with you? If your work will be delayed, do they tell you before it…READ MORE

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Searching Public Records in Delaware at the County Level

October 09, 2009 UCC, Corporate, Title Related Topics Something

If you need to search for anything at the county level in Delaware, you only have three counties from which to choose: New Castle (northernmost), Kent (middle), and Sussex (southernmost). The Bankruptcy Court and U.S. District Court are located in the county seat of Wilmington, which is in New Castle County. Below is a handy guide for figuring out what’s located where at the county level: Recorder of Deeds: UCC/fixture filings, federal…READ MORE

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