American College of Mortgage Attorneys (ACMA) 2010 Annual Meeting
September 23, 2010
Event| Real Estate Services
Director Mark Purpura will speak on a panel entitled “Third Party Legal Opinions after Fortress Credit Corp. v. Dechert LLP: Establishing Prudent Risk Management Policies and Practices” at the ACMA Annual Meeting in Quebec City, Canada. Director Robert Krapf is president of ACMA.
Third Party Legal Opinions after Fortress Credit Corp. v. Dechert LLP: Establishing Prudent Risk Management Policies and Practices
What does the Dechert case mean for third party opinion practice? What are the risks of bankruptcy-related opinions after the General Growth Properties decision? Will the recent elimination by ALTA of the availability of the creditors rights endorsement from title policies create pressure on borrowers’ counsel to replace the endorsement with a legal opinion? What are ACMA members’ firms doing to reduce or limit liability in connection with third party opinions? What more could ACMA members’ firms be doing to limit liability in connection with third party opinions?