Presentation given to banking clients on common title exceptions and their curatives. A large focus was on how WebTitle Agency’s products and services are superior than the competition in terms of thoroughness, and how this affects their efficiency and production cost in their own office. Presentation was so well received that our banking client wanted enough of the materials to give to the rest of their employees for reference.

1. PRESENTED BY

2. SO WHO IS
~NIS~
-WE-B@tl-TIT-lE
~IRS~

3. WebTitle Agency is the largest
locally owned and operated
abstract/title company in western
New York.
01
HELLO,
WE’RE HAPPY TO BE
HERE TODAY.

4. WebTitle Agency is the largest
locally owned and operated
abstract/title company in western
New York.
01
About 30% of our team has over 20
years experience in the abstract,
title, closing and settlement
industries.
02
%
HELLO,
WE’RE HAPPY TO BE
HERE TODAY.

5. Our team of title
professionals includes
5 attorneys, two dozen
title examiners and
165 courteous,
proactive team
members.
WebTitle Agency is the largest
locally owned and operated
abstract/title company in western
New York.
01
About 30% of our team has over 20
years experience in the abstract,
title, closing and settlement
industries.
02
% 03
HELLO,
WE’RE HAPPY TO BE
HERE TODAY.

6. Our team of title
professionals includes
5 attorneys, two dozen
title examiners and
165 courteous,
proactive team
members.
WebTitle Agency is the largest
locally owned and operated
abstract/title company in western
New York.
01
About 30% of our team has over 20
years experience in the abstract,
title, closing and settlement
industries.
02
% 03
04
We’ve
been a
proud member of
the Rochester Top
100 for six straight
years (‘09-’14), and
have been named one of
Rochester’s Top Workplaces
twice (‘14-’15).
HELLO,
WE’RE HAPPY TO BE
HERE TODAY.

7. HOW TO READ A TITLE COMMITMENT
INSTEAD OF JUST FAKING IT.

8. JACKET & BOILER
PLATE
THE FIRST SECTION IS THE

9. Identifies the
underwriter, closing
instructions and
some conditions in
coverage.

10. NOW IT’S AS EASY AS THE

11. Identifies
parameters
for the
proposed
insurance.

12. Identifies and lists
out requirements
and conditions
that must be
attended to or
resolved prior
to or at closing.

13. Identifies and lists
out exceptions
from coverage &
items that are
superior to the
insured.

14. MORTGAGE
SCHEDULE
LAST IS THE

15. Identifies and lists out all open
mortgages, corresponding assignments,
modifications and subordination
agreements that will be
superior to the insured
if they’re not paid off
or cleared.

16. COMMON TITLE
EXCEPTIONS &
HOW TO HANDLE
THEM

17. JUDGMENT(Including New York State Tax
Warrants, Federal Tax Liens, and
Money Judgments)

18. 1. JUDGMENTS
(Including New York State Tax Warrants,
Federal Tax Liens and Money Judgments)
File No: WTA-14-023123
~NfS~t
W- E-8@)-TIT-LE
~~R.~~
SCHEDULE B- SECTION I
REQUIREMENTS - CONTINUED
11. Searches have been nm vs. the following party: James Reynolds
Judgments and Liens:
New York Western District Bankmptcy Court:
--
a) Judgment in favor ofLNV, Inc. vs. James W. Reynolds, 234 Markee Drive, Rochester, NY in the base
amom1t of$4,563_21, dated August 3, 2014 and recorded August 29, 2014, Index No. 14-89563212.

19. If it is our borrower, then a payoff statement is needed from the
judgment creditor and a check is to be issued out of the mortgage
proceeds to pay off the lien.
If it’s not our borrower, then the same verification listed
above is needed and a judgment affidavit signed by the
borrower would be required.
CURATIVE:
WebTitle Agency provides (or coordinates with an
attorney in purchase transactions) the affidavits in
title commitments

20. UCC FINANCING STATEMENTS

21. 2. UCC FINANCING STATEMENTS
File No: WTA-14-023123
~tUS~
-WE-B($,...----TIT-lE
I::JR$1..
SCHEDULE B- SECTION I
REQUIREMENTS - CONTINUED
11. SeMches have been run vs. the following party: J ames Reynolds
Judgments and Liens:
New York Western District Bankruptcy Court:
2 Retums
Numerous Returns
a) Judgment in favor ofLNV, Inc. vs. James W. Reynolds, 234 Markee Drive, Rochester, NY in the base
amount of$4,563.21, dated August 3, 2014 and recorded August 29, 2014, Index No. 14-89563212.
b) UCC Financing Statement by and between Spa Pools, as Creditor and James Reynolds and Johnnie C.
Reynolds, as Debtor, 15 Main Street, Penfield, NY, filed with the Monroe County Clerk's Office on
April 20, 2003, File No. 2003-9685.
c) Numerous returns found vs. the name ofJames Reynolds. Company will require the social security
number to conduct a more thorough search.

22. A release will need
to be obtained from
the secured party
and filed in the
clerk’s office.
UCC3 – Termination
of UCC.
CURATIVE:

23. BANKRUPTCY PROCEEDINGS

24. 3. BANKRUPTCY PROCEEDINGS
File No: WTA-14-023123
~t.IISJ,f
WEB@)TITLE
SCHEDULE B- SECTION I
REQUIREMENTS - CONTINUED
12. Searches have been nm vs. the following party: J ohnnie C. Reynolds
Judgments and Liens:
New York Western DistrictBankmptcy Court:
No Returns
1 Return
a) Chapter 13 Bankmptcy filed by Johnnie M. Reynolds (xxx-xx-1523), case number 96-21812, filed
June 21, 1996. Discharged September 14, 2001, Terminated January 23, 2002.

25. If it’s an older filing, then proof will need to be obtained
that the property was listed in petition, that the debtor was
discharged and that the case is closed.
If it’s a current filing and the owner/mortgagor is still in
plan, then the trustee’s approval for refinance is needed.
If it’s a similar name to our borrower, then verification by
matching social security numbers is required and a
bankruptcy affidavit is to be signed by the borrower(s).
CURATIVE:
Image from www.freepik.com
WebTitle Agency provides the affidavits in title
commitments

26. MORTGAGES

27. 4. MORTGAGES
1.
~NIS~
-WE-B«<»-TIT-LE
~IRS*(
MORTrGAGE SCHEDULE
Mortgage tuade by James Reyno]ds and Jolnmie C. Reyno]ds~ as tuottgagor(s) to Dream1'rorks
Financing .LLC., as n1ottgagee in the atnotmt of$3,23~500.00 and interest dated Jtme 23~ . 2001
and.recorded June 15 2001 in Liber 15478 at page 165~.
Assigned fi·on1 D,reanl1'0rks Financing LLC to Bank ofAmerica by an assignment dated August
7 2005 and recorded o~ctober 27 2005 in Liber 5708 at page 218.

28. For a current mortgage, a current payoff statement and proof
of payment from proceeds is required. This would be done by
the lender when they receive payment in full to satisfy the
mortgage.
For an older mortgage that still shows as being open, a copy
of the HUD-1 and the payoff check that was used to pay off
the mortgage is required. An original satisfaction of mortgage
must be obtained and recorded in the clerk’s office in order to
remove the lien from the property.
CURATIVE:
For older mortgages, WebTitle Agency will
contact the prior lender to obtain an
original discharge of mortgage

29. REAL PROPERTY TAXES

30. 5. REAL PROPERTY TAXES
Title No: 14-018153 Tax Address: 15 Main Street
Tax Search - Continued
Property Tax Status:
LIEN SOLD I TAX ·
PAID TO DATE 0 I VNPAID CURRENT YEAR 181 I VNPAID ARREARS 0 I FORECLOSURE PENDING 0
Property Tax Summary (figures as reported on date of this search):
2015 combined ~nv taxes due 2/10/15: (payable to Penfield Town)
$1,761.74 UNPAID
13114 school taxes due 1011113: (payable to Penfield Town)
$1,839.15 PAID
Water: Not available. Customer account information is private. Please arrange to obtain any updated bills
and/or paid receipts prior to closing. May require a final reading. Monroe County Water Authority can be
reached for more information at (585) 442·7200.

31. Current paid tax receipts from
county, city, school and/or village
need to be obtained.
CURATIVE:
WebTitle Agency provides these as
part of our tax searches

32. THE RESULT:
WHAT’S NEEDED
TO ISSUE THE
FINAL POLICY,
ANYWAYS?

33. Check and copy of invoice
FINAL TITLE POLICY ITEM CHECKLIST:

34. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
FINAL TITLE POLICY ITEM CHECKLIST:

35. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
Copies of any documents sent for recording
(IE: Deed, Mortgage,
POA, Satisfactions, etc.)
FINAL TITLE POLICY ITEM CHECKLIST:

36. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
Copies of any documents sent for recording
(IE: Deed, Mortgage,
POA, Satisfactions, etc.)
Copies of mortgage payoff statements and checks
FINAL TITLE POLICY ITEM CHECKLIST:

37. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
Copies of any documents sent for recording
(IE: Deed, Mortgage,
POA, Satisfactions, etc.)
Copies of Executed Affidavits
FINAL TITLE POLICY ITEM CHECKLIST:
Copies of mortgage payoff statements and checks

38. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
Copies of any documents sent for recording
(IE: Deed, Mortgage,
POA, Satisfactions, etc.)
Copies of Executed Affidavits
Copies of any other curatives
(IE: Judgment payoffs, payment of real
estate taxes, death certificate, etc.)
FINAL TITLE POLICY ITEM CHECKLIST:
Copies of mortgage payoff statements and checks

39. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
Copies of any documents sent for recording
(IE: Deed, Mortgage,
POA, Satisfactions, etc.)
Copies of Executed Affidavits
Copies of any other curatives
(IE: Judgment payoffs, payment of real
estate taxes, death certificate, etc.)
Copies of Borrower(s)/Buyer(s) ID
FINAL TITLE POLICY ITEM CHECKLIST:
Copies of mortgage payoff statements and checks

40. Check and copy of invoice
Recording information *Not needed if WebTitle handled the recording
Copies of any documents sent for recording
(IE: Deed, Mortgage,
POA, Satisfactions, etc.)
Copies of Executed Affidavits
Copies of any other curatives
(IE: Judgment payoffs, payment of real
estate taxes, death certificate, etc.)
Copies of Borrower(s)/Buyer(s) ID
Copy of the final HUD
FINAL TITLE POLICY ITEM CHECKLIST:
Copies of mortgage payoff statements and checks

41. Once the package is sent to us our Title Policy
Department, headed by Deborah Robinson, we
will go through the documents to make sure
we have everything needed to
issue the final policy.

42. If anything is
missing, Debbie will
contact the person
who sent her the
package to obtain
the information
needed to
complete the
policy.

43. Upon receipt of all the required items, a final
policy will be prepared and issued.

44. Upon receipt of all the required items, a final
policy will be prepared and issued.
Our typical turnaround time is
after receipt of all items.

45. • Arizona • District of Columbia • Louisiana • Mississippi • New Jersey • Tennessee
• California • Florida • Maine • Missouri • New York • Vermont
• Colorado • Georgia • Maryland • North Carolina • Ohio • Virginia
• Connecticut • Illinois • Massachusetts • Nebraska • Pennsylvania • Washington
• Delaware • Kansas • Michigan • Nevada • Rhode Island • Wisconsin
• Kentucky • Minnesota • New Hampshire • South Carolina
At WebTitle Agency we are supported by three
respected national underwriters, which gives us an
expansive network you can trust. Our Customized
Lenders Services/Cascade Settlement Agency
division has also extended our reach across the
country for title, escrow and closing services.
WHERE WE’VE GOT
YOU COVERED

46. ALAN ROIDES
Chief Marketing Officer/Partner
aroides@webtitle.us
(585) 851-0032
SARAH DYWINSKI
Admin. Sales/Marketing Asst.
sdywinski@webtitle.us
(585) 454-4770 x1401
DAVID GUTMANN,
ESQ.
Exec. VP/Managing Counsel
CLS-CSA
dgutman@cls-csa.com
(866) 724-0040 x1409
Laura Ward
Exec. VP/Operations Manager
CLS-CSA
lward@cls-csa.com
(866) 724-0040 x1406
FOR PRESENTATION
MATERIALS:
Corporate HQ:
500A Canal View Blvd.
Rochester, NY 14623
Downtown Office:
36 W. Main St., Suite #51
Rochester, NY 14614
Local:
(585) 454-4770
Toll Free:
(888) 250-9056
Send orders to:
orders@webtitle.us
www.webtitle.us
The relationships we have built
with you and your people are
very important to all of us. We
look forward to learning more
about how we can better service
the needs of your bank and our
mutual client partners. Please
don't hesitate to reach out to any
of us if you ever need anything!
DON’T HESITATE: