Risk Management Blog

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

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

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

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… >> READ MORE

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

With impacts from COVID-19 changing so many things, you may be relieved to know that there are some things that remain the same. That is the case for certain title searches, depending on what they are intended for. Is an insured title product with a corresponding title policy required for all your title searches? Do you always need to pay for that premium? In today’s litigious society, the answer would seem to be yes. But is that… >> READ MORE

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

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

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

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