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We would already be using blockchain technology instead of traditional titlesearches if it was really a whole lot better. The post Will Blockchain Technology Really Ever Supplant The Humble TitleSearch? appeared first on Above the Law.
In short, the conversation centered around the issue of title insurers bringing claims against their attorney title agents for titlesearch errors such as failing to find a mortgage assignment; a land subdivision; a deed entry or deed fraud; a will and probate entry; or liens, encumbrances, easements or encroachments just for starters.
They assist attorneys with tasks such as drafting and reviewing contracts, conducting titlesearches, preparing closing documents, and ensuring compliance with zoning and property regulations. A real estate paralegal plays a vital role in the legal processes surrounding property transactions.
If you work or intern for a law firm that specializes in real estate, you will probably be involved in performing titlesearches to make sure that the title of property is free and clear. At some point in your work, you may encounter land with a clouded title and you will need to address the issue.
5) Supervising Staff – By way of example, consider a busy real estate practice where an attorney has assigned one staff member the following: all titlesearch responsibilities, preparation of all settlement packages, and additional related administrative tasks.
With legal workflow automation software, you can set up a “Closing-Sale” workflow template that automates the following steps after creating a record and adding a close date: Titlesearch: Automatically get notified of upcoming closings 10 days before.
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