2022
THE
SEPTEMBER OCTOBER
EAGLE’S NEST A WISCONSIN AGENCY NEWSLETTER
IN THIS ISSUE
Reduce Repetition to Combat By: James E. Powers, Senior Underwriting Counsel
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Reduce Repetition to Combat Confusion
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Wisconsin Agency Contacts
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Get to Know Ben Smaglick
4 In sports, it has been said, “repetition makes perfect.”1 On a title commitment or policy, repetition can make for a bewildering mess. Consider a commitment with the following exceptions: Special assessments, outstanding and contemplated, if any.
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Upcoming Teleseminars Appointments and Terminations Reminder Statutes Barring Interests in Land and the Government Current Assessments vs. Assessments Priority
Special taxes and assessments, if any, payable with the taxes levied or to be levied for the current and subsequent years.
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Agent Print Pro®
The lien of any special assessments, special taxes or special charges.
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Warranties of Title: Some Deeds Give Them, Some Do Not
We have witnessed similar multiple exceptions in relation to easements, deferred water and sewer charges, and general property taxes. One can imagine how a loan officer, consumer, or buyer’s counsel may respond to multiple exceptions that essentially refer to the same matter. Lenders may demand all the similar exceptions be removed. Buyer’s counsel will request striking the broadest exceptions. Unrepresented buyers or borrowers will simply be vexed.
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Restrictive Covenants and Just Plain Restrictions
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News Brief
The remedy is to carefully proofread all title work product and edit out exceptions already addressed in the boilerplate exceptions. Be especially careful when borrowing exceptions from prior policies; they may have already been addressed in your current form. If our commitments and policies are clear and uncluttered, we can spend less time dealing with objections and ultimate revisions. Clarity, not repetition, is closer to perfect in our industry. 1
NOVEMBER 24TH - 25 TH
THANKSGIVING DECEMBER 26TH
CHRISTMAS – State Agency Office Will Be Closed –
DeAndre Hopkins, wide receiver for the Arizona Cardinals
The information contained in this document was prepared by First American Title Insurance Company (“FATICO”) for informational purposes only and does not constitute legal advice. FATICO is not a law firm and this information is not intended to be legal advice. Readers should not act upon this without seeking advice from professional advisers. First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2022 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF