As was featured in our newsletter last month, 2016 is the third straight year we have supported a charity called Earlier.org during Breast Cancer Awareness Month. Earlier.org is a Greensboro-based charity focused on early detection. Like last year, we calculated the amount of our donation based on the number of orders we received in October. We are delighted to report that we were able to donate over $8,000.00 to Earlier.org this year!!! Additionally, one of our Raleigh-based customers was inspired to donate an additional $500.00. Many thanks to all of you for helping us bring awareness and support to this worthy cause.
Removing the Tenant’s Exception
One of the quirks of underwriting Real Estate deals is the Tenant’s Exception. If we do not know whether the property is occupied by the owner, we have to take a Tenant’s Exception, which excludes from coverage the rights that a tenant in possession of the property may have that are superior to the rights of the new owner or lender. If you tell us that the property is occupied by the Seller, then we don’t have to take the exception. The standard is very low for removing the exception. You just have to tell us that it is occupied by the Seller. (Note that it is the Seller’s occupancy that is relevant, not the intentions of the Buyer.) In the standard Bar Forms Preliminary Opinion, there is a box to check that indicates that the property is occupied by the current owner. Conversely, if the land is vacant, we don’t need to add the exception. Like the issue of occupancy, that information has to be communicated to us. If you are not comfortable certifying to either one of those facts, then an e-mail from the Listing Agent works just the same. If we know up front the property is owner-occupied or raw land, we don’t have to put the exception on the title commitment. That means that time will not be spent by you, us, or the Lender removing it at some later point.
This month our BT koozie tagged along with Kristen on her honeymoon across the pond to Edinburgh, Scotland!
Next time you’re on the phone with Kristen congratulate her on her recent nuptials and get the scoop on the awesome honeymoon!
What belongs to you but others use it more than you do?
Send your guesses to Summer by clicking here.
This was last month’s riddle and answer:
The more you take, the more you leave behind. What am I? FOOTSTEPS
November represents that time of year for us Americans to ponder the things that we are thankful for. Generally speaking, that times comes later this month and often involves: being surrounded by family and friends, pondering how your belly got so full and whether there is room in there for that pumpkin pie and drifting off with a football game on in the background. All of those things make Thanksgiving my favorite holiday of the year. I personally, and we at Barrister’s Title, have much to be thankful for in 2016. Being in the real estate services industry, the rebound of the housing market has been something that all of us have been grateful for to be sure. We live in a great Country populated by amazing people. This month we get to perform a civic duty that many people around the Globe only dream of. We have the awesome civic responsibility of electing our leaders. This year, that responsibility includes electing our President. I know that many of us, yours truly included, are not terribly enamored of our options. But it is worth noting that, in the 240 year history of our Country, we have managed to pass the trappings of power from one administration to the next without any blood being spilled. In the annals of history, there are very, very few countries that can say that. So, whether it’s Donald Trump, Hilary Clinton, or some other person who takes the oath of office in 2017, it will be accomplished without a single shot being fired. And that is something to be extremely thankful for.
Landis Sinnett – Then & Now
A movie star/ lawyer
She-Ra Princess of Power
Taking a hot air balloon ride over Raleigh
I had a party that got a little out of hand and made the newspapers…oops 🙂
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Summer’s Breakfast Casserole
2 lb. ground breakfast sausage (I use a regular and a hot sausage)
3 cups of milk
9 slices of de-crusted bread, cubed
1 tsp salt
1 1/2 tsp dry mustard
1 1/2 cups shredded cheddar cheese
Brown sausage and drain. Mix ingredients together adding the sausage and bread last. Pour mixture into a greased 9″ x 13″ baking dish. Bake for 50-60 minutes at 350 degrees or until a toothpick comes out clean.
Our family always makes a breakfast casserole to have the morning after Thanksgiving and Christmas so we can enjoy the mornings with family! Who wants to cook then anyway? It’s delicious and can be prepared and frozen in advance!