The Quill – July 2017

Eclipse of 2017

What’s more fun than watching a once in a lifetime event like the full eclipse of the Sun?  Watching a full eclipse of the Sun with the right protective eye wear.

Stay tuned…we’ve got you covered!

Click HERE for more information on The 2017 Eclipse.

Topics Wanted!

Have a legal Topic you want to know more about?  Let us know and we can include it in an upcoming Newsletter! Email your topic to Summer.

Where In The World Is The BT Koozie?

Hot off the presses! The new 10th Anniversary koozie was captured hanging out on Lake Norman

Like our Facebook page to see the other places our BT koozie has been!

Riddle

“I have two faces, but show you one. I once had guests, but now have none. I’m rarely bloody and seldom blue. I’m often promised and sometimes new.” Email your guesses to Summer. The answer to last month’s riddle was BARRISTER’S TITLE

Barrister’s Celebrates 10 Years!

Cheers to 10 Years! There’s a saying – I know all of you have heard it, if not used it numerous times in your own lives – “Time Flies When You are Having Fun.”  It was 10 years ago, that I decided to scuttle my Law Practice and try my hand at something new.  It seems like those ten years have passed in the blink of an eye.  In that time, we lived through the Great Recession, we saw the Housing Bubble pop (hard), we had the new TRID forced upon us, only to have it replaced by a “CD” (we hardly knew ye, TRID), and we learned how to protect our Trust Accounts from Hackers.  Heck. . .the Cubs even won a World Series (Holy Cow!!!).  And during that same span of time, Barrister’s Title went from being the newest little Title Agent on the block to being one of the largest Title Agents in the State of North Carolina.  Without a doubt it has been the best ten years of my life.  Now mind you, I had a LOT of help from some AMAZING people, most of which are still with our Agency and from some great “partners” representing our Underwriters (Fidelity, First Am, North American and Old Republic). But, for me, what has been more fun than perhaps anything else that has happened these past ten years is that I have gotten to meet so many wonderful people in our industry.  Lawyers, Paralegals and Abstractors alike.  This little Title Agency has exposed me to hundreds of new friends in the form of customers, collaborators, teammates and referral sources, literally from the Beach to the Mountains. “From Murphy to Manteo” as we like to say.  I can’t wait for the next ten years. . . sb

Learning & Stuff

One of the ladies on our Underwriting Team recently sat for the LSAT Exam.  This inspired me to deliver some training in a slightly different format.  Take the Quiz below and see how you do.  Pick the best answer to each question.  You can find the answer key on our Facebook page. No cheating!!! Question #1:  H&W are married.  H entered the marriage owning some property.  W was never added to the Deed.  A judgment is entered against W by a credit card company.  The judgment:

1. Attaches to the property because W has a marital interest.
2. Does not attach to the property because W does not have an ownership interest in the property.
3. Who cares. . .I am going on vacation this month!

Question #2:  Same fact pattern as above, but instead of a credit card company, the judgment is entered by the US Treasury Department (Tax Lien):

1. Attaches to the property because W has a marital interest.
2. Does not attach to the property because W does not have an ownership interest in the property.
3. Who cares. . .I am going on vacation this month!

Question #3:  Same fact pattern as above, but 30 days after the Judgment is entered against W, H dies.  W is the Devisee under H’s will:

1. Attaches to the property.
2. Does not attach to the property.
3. Attaches to the property unless W files a Renunciation.
4. Who cares. . .I am going on vacation this month!

Question #4:  Same fact pattern as above, but 30 days after the Judgment is entered against W, H dies.  H devises all of his property to his kids and cuts W out of his will:

1. Attaches to the property.
2. Does not attach to the property.
3. Does not attach to the property unless W makes a Spousal Election .
4. Who cares. . .I am going on vacation this month!

Question #5:  H & W are married and buy property together as Tenants-by-the-Entireties.  A Federal Tax Lien is entered against H.  The Tax Lien:

1. Attaches to the property.
2. Does not attach to the property.
3. Who cares. . .I am going on vacation this month!

Question #6:  W buys property.  A Judgment is filed against W by a former business partner.  W gets married and conveys property to herself and her husband as Tenants-by-the-Entireties. The Judgment is:

1. Attached to the property.
2. Not attached to the property.
3. Was attached, but became unattached when W Deeded the property to the Marital Unit.
4. Who cares. . .I am going on vacation this month!

Question #7:  W buys property.  A Judgment is filed against W by a local bank.  W gets married and conveys property to herself and her husband as Tenants-by-the-Entireties.  W dies 6 months later.  The Judgment is:

1. Attached to the property.
2. Not attached to the property.
3. Was attached, but became unattached when W      died.
4. Who cares. . .I am going on vacation this month!

Question #8:  H & W buy property as Tenants-by-the-Entireties.  A Judgment is filed by a credit card company against H.  H dies 6 months later.  The Judgment is:

1. Attached to the property.
2. Not attached to the property.
3. Was not attached, but became attached when H      died.
4. Who cares. . .I am going on vacation this month!

Question #9:  H & W buy property as Tenants-by-the-Entireties.  A Judgment is filed by a credit card company against H.  H conveys the property to W.

1. Attached to the property.
2. Not attached to the property.
3. Was not attached, but became attached when H transferred the property to W.
4. Who cares. . .I am going on vacation this month!

Question #10:  H & W buy property as Tenants-by-the-Entireties.  A Judgment is filed by a credit card company against H.  W conveys the property to H.

1. Attached to the property.
2. Not attached to the property.
3. Was not attached, but became attached when W transferred the property to H.
4. Who cares. . .I am going on vacation this month!

Bonus Questions (Worth two points each): Bonus Question #1:  W buys property individually.  W subsequently gets married to H.  At the time of the marriage, H has judgment against him filed by a local bank.  6 months later H files for Bankruptcy.  The judgment is:

1. Attached to the property.
2. Not attached to the property.
3.  Who cares. . .I am going on vacation this month!

Bonus Question #2:  W buys property and holds it individually.  W subsequently gets married to H.  W has a judgment against her filed by a credit card company.  W subsequently files for Bankruptcy.  The credit card company is listed as a creditor in the Bankruptcy.  W is discharged  from the Bankruptcy twelve months later.  The Judgment is:

1. Attached to the property.
2. Not attached to the property.
3.  Who cares. . .I am going on vacation this month!

Bonus Question #3:  W buys property and holds it individually.  W marries H.  H has a judgment against him filed by a former business partner.  H subsequently files for Bankruptcy.  The former business partner is listed as a creditor in the Bankruptcy.  H is discharged  from the Bankruptcy twelve months later.  Five days later, W dies and H inherits all of her real property.  The Judgment is.

1. Attached to the property.
2. Not attached to the property.
3.  Who cares. . .I am going on vacation this month!

Click HERE to find the answers on our Facebook Page.  While you’re there, go ahead and Like us!

Meet The Family: Next Gen

Izzy Balsamo + Sloan Conrad Isabelle Balsamo (Future) Underwriting Counsel Isabelle attends the Charlotte Lab School, having recently completed the second grade.  She is dedicated to playing full time, but is currently running the Camp Circuit, having recently completed a cooking camp at Whole Foods and a Trapeze Camp at Caroline Calouche & Co.  She lives in Charlotte with her Mommy and Daddy and her baby dog, Finn. In her “off” time, she enjoys doing crafts, watching American Ninja Warrior and swimming in the pool. Contact her at Izzy@futurebarristerstitle.com. Sloan Conrad (Future) Sales & Marketing Sloan is currently 4 months old and living the life of  leisure at home in Winston Salem with her mom, dad, big brother Hank and Weimaraner, Salem. She loves to suck on her two fingers and in her spare time she enjoys going on long walks while napping with her mom, Hank and Salem. She also loves taking long baths and is looking forward to being on the swim team when she is a little older to really try out her kicking skills.  Next up for Sloan rice cereal and sleeping through the night…we hope. Contact her at sloan@futurebarristerstitle.com Isabelle tells her Dad that she can’t wait for the day that she can work for Barrister’s Title. Sloan can’t speak yet, but we are confident that she feels the same way! Click HERE to meet the rest of the BT Family!

CLE and our Annual Customer Appreciation Happy Hour

As many of you know, we have annually dubbed August as our Real Estate Professional Appreciation Month (affectionately referred to as REPAM).  During this special month, we team up with the guys from ReelTime CLE to offer our customers an opportunity to earn CLE credits in a “reel” fun and exciting way! Approval pending by the North Carolina State Bar for 3.0 CLE credit hours, including 2.0 Ethics credit hours and 1.0 General credit hour. And as in years past we will be hosting a Happy Hour for ALL of our customers whether they are attending the CLE or not. Mark your calendars and come on out to earn some CLE credits and/or have some food and drink with us after work! See the details below. To sign up and read more about the CLE entitled, “The Accidental Lawyer: Terms of Engagement”, click the link below. This is a new program based on a new original film. To view the video trailer for the course please click HERE. CLICK HERE TO REGISTER! **There is an Early Bird discount available if you sign up before August 10th. AND in addition to the Early Bird discount ReelTime is offering Barristers Title customers a 20% discount!  Enter “Barristers” as a discount code to receive this additional discount. Registration is limited to 40, so hurry! Why Limit Happy to just ONE hour?!?!?! Where: Sullivan’s Steakhouse 1928 South Blvd, Charlotte, NC 28203 (704) 335-8228 When: Thursday, August 17th Time: Happy Hour 5:00 – 8:30pm Who: Barrister’s Title Customers You can RSVP (encouraged but not required) to the Happy Hour by e-mailing Summer. *You DO NOT need to attend the CLE session to come to the Happy Hour.