Riker Danzig Releases Episode 4 of Title Nerds, Title Insurance Podcast

Riker Dantzig released Episode 4 from “Title Nerds,” his title insurance podcast. The partners of the real estate practice of Riker Danzig join Title nerds hosts
Michael o’donnell and Bethany Abele for the fourth episode, with his lawyer colleague Riker Danzig Kevin hakansson. In the first segment, Mike and Bethany have a conversation with real estate partners Joshua Greenfield and James maggio on working with title insurance underwriters on major commercial closings. In addition to discussing Schedule B exceptions, recommended ALTA endorsements, and rental policies, Josh and Jim share some thorny title issues that they’ve solved with good underwriters. They point out how essential the service component is to securities firms as a differentiating quality, given that fees are regulated in New Jersey.

Next, Kevin Hakansson, a partner at Riker Danzig who recently joined the firm, discusses the case. Amran Property Investments, LLC, et al. v Fidelity National Title Group, Inc. in federal court (2021 WL 3883087) in which the plaintiffs, foreign real estate investors who had acquired homes in Chicago to rent to tenants, alleged allegations of fraud and negligent misrepresentation on the part of Fidelity, seeking to recover all of their real estate investment. After closing, claimants were told the properties were uninhabitable and would require more than $ 1 million worth of repairs to be rentable. The court allowed Fidelity’s motion to dismiss and found that the plaintiffs had failed to demonstrate that Fidelity aided and abetted the buyers’ fraudulent investment scheme, and had no obligation to ensure that the funds did not are not misused.

Riker Danzig’s Title Insurance Group also publishes a “Banking, Title Insurance and Real Estate Litigation Blog”, available here.

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