Mecklenburg County has issued a Stay-at-Home Order beginning Thursday at 8 a.m. until April 16th.
We hope that everyone is being prudent and staying safe! Our ongoing thoughts are with those who are sick and we are hoping for speedy recoveries. Let’s also not forget about those who are lonely and isolated during this time. A simple letter or phone call can go along way to brightening someone’s day.
During this unprecedented crisis, we are committed to keeping you informed of what is happening with our industry. We have been pleased to discover that all of the major Underwriters will continue to insure transactions even if the various Registers of Deeds close their doors. While this is a fluid situation, here is what we know right now:
In the event the register of deeds office becomes unable or unwilling to accept e-recording and paper documents for registration, the Company requires executed Affidavit of Understanding and Indemnity and Hold Harmless Agreement Due to Coronavirus Pandemic. The Company reserves the right to raise exceptions and requirements or determine that it will not issue a title policy based upon the details of the transaction, the review of the closing documents, and changes in recording and title searching capabilities resulting from the Coronavirus pandemic.
Standard form of indemnity (GAP Indemnity) for defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public Records or attaching subsequent to the Commitment Date but prior to the date of recording of the instruments under which the Proposed Insured acquires the estate or interest or mortgage covered by this commitment must be provided. Note: Due to office closures related to COVID-19 we may be temporarily unable to record documents in the normal course of business.
Execution of appropriate Affidavit of Understanding and Indemnity and Hold Harmless Agreement (for Sales or Financing) Due to the COVID-19 Emergency by the parties to the contemplated transaction.
We know many of you are adjusting to a new normal. We’re in your shoes and we get it! Working from home and being separated from your co-workers, not to mention your normal routine, can be challenging in many ways. Our Sales Team is well versed on working from home and maintaining a schedule so we thought we would share a few tips to help ease your transition:
We thought a surefire way to lighten the mood during these challenging times would be to create a fun Coronavirus playlist. Click the link HERE to enjoy!