We are with you for what's next
Thank you to all of our agents for continuing to conduct essential business, for helping people to have a home, and for keeping the economy going for all of us.
As we navigate through these challenging times, and ask ourselves "what's next ?" we are reminded of how fortunate Chicago Title and Commonwealth Land Title Insurance Company is to be part of this strong real estate community of our agents that support each other to accomplish great things. It is the power of this community that will move us through this to brighter days.
Please view the message above from our State Manager, Thomas Flynn, and a video we created in appreciation of YOU.
June 1, 2020 UPDATED - Remote/Video Notarization Guidelines
Please note that our Guidelines for Remote Audio/Video Notarization during the COVID-19 Crisis, originally effective through the earlier of May 30, 2020 or the repeal of Chapter 71 of the Acts of 2020 ("the Act"), have been extended through the earlier of June 30, 2020 or the repeal of the Act. We have updated our Guidelines to reflect this change. All other requirements for insuring title based upon documents notarized pursuant to the Act remain the same.
April 30, 2020 Guidelines for remote/video notarization during the COVID-19 crisis
On April 27, 2020, An Act Providing for Virtual Notarization to Address Challenges Related to COVID-19 (the "Act") was signed into law. The Act went into effect upon passage, and will be automatically repealed three (3) business days after the discontinuance of Executive Order No. 591: Declaration of a State of Emergency to Respond to COVID-19. Our summary and Guidelines focus on the real estate closing provisions of the Act; please review the legislation in its entirety for information pertaining to other notarial acts.
April 8, 2020 Underwriting Flexibility and Practice Tips during the COVID-19 Emergency
We have created underwriting flexibility and compiled practice tips to be in effect during the COVID-19 state of emergency, which is by no means an exhaustive list of issues or subjects resulting from the present circumstances. We encourage you to reach out to us with any questions, concerns, or if you just need to hear a supportive voice.
April 3, 2020 Funding, First
Just a reminder, while you are dealing with curbside closings, e-recording, and limited Registry access: You must be fully-funded by the lender before you send the documents for recording.
March 26, 2020 Escrow Security Reminder
We have all heard the wise tips for working from home: maintain a routine, stay organized, mimic your day as close to your office routine as possible, clean desk policy, etc. It is essential that we are on heightened alert in our fiduciary capacity over client funds. These are extraordinary times which can lead to accelerated fraudster attacks through wire fraud, forgeries and check fraud. Here are some very practical steps we need to take in our fiduciary responsibility
March 23, 2020 Update to Recording Delays at the Registries of Deeds and Registry Districts of the Land Court and Gap Coverage. Amount of Insurance between $2,000,000.00 and $10,000,000.00
To further accommodate our Agents and Approved Attorneys, their lenders, and the public in these trying circumstances, Chicago Title Insurance Company and Commonwealth Land Title Insurance Company have agreed to authorize "Gap" coverage in Owner's and Loan policies insuring Land in Massachusetts counties in which the Registry of Deeds and/or the Registry District of the Land Court (collectively, "the Registry") is closed or recording by USPS, Fed Ex, or UPS (collectively, "Mail") is the only recording method available, for sales or refinances in which the amount of insurance stated in the Commitment is between $2,000,000.00 and $10,000,000.00.
March 19, 2020 Gap Coverage FAQs March 19, 2020
Some of us have closed with gap coverage before, but, for most, it is an unfamiliar practice that goes against our most basic closing precept: Record, then disburse. So take a deep breath and see if our FAQs can help ease the transition.
March 18, 2020 We're Here For You!
At Chicago/Commonwealth, our focus is on the health and safety of our employees, agents, and our community, and we are all practicing social distancing. The Boston and Springfield offices are primarily working remotely. But that doesn't mean we aren't available to help you. Included in the bulletin is our contact information.
March 16, 2020 Recording Delays at the Registries of Deeds and Gap Coverage
The COVID-19 virus is impacting the timely recording of closing documents. Our Agents are authorized to issue our Companies' policies and provide GAP coverage so long as certain criteria are met and the relevant closing documents are recorded or registered as soon as possible.
Secretary of the Commonwealth Bill Galvin issued an Emergency Notice providing temporary relief from notarization and signature requirements in corporate finance filings and for the registration of financial professionals. The Emergency Notice is effective from March 24th until April 30th, unless otherwise extended or rescinded.
Get some ideas from ALTA in developing safe protocols for your office relating to the COVID-19 (coronavirus) https://blog.alta.org/2020/03/title-settlement-companies-develop-safe-closing-protocols.html
Tools for virtual meeting
(Some of the options may not meet criteria for remote notarization)
Do you have any other questions about the impact of social distancing on your practice? Please call us or send us an email. We're all in this together!
Follow us on social media