A common misnomer is to refer to the person who you have designated to make legal decisions on your behalf as your “Power of Attorney”. The most Succinct way to refer to this person would be as your “Attorney in Fact”. The “Power of Attorney” only refers to the document needed to designate the person …
Statutory Warranty Deed: A deed by which the grantor “conveys and warrants” the real property to the grantee. A Statutory Warranty Deed conveys fee simple title to the grantee and warrants against defects asserted by all persons, except for those matters disclosed in the deed. Special Warranty Deed: A Special …
The seller is deceased. What happens now? First we need to determine if there is an open probate. Part of the process of preparing the title commitment includes running the seller’s name, looking for any possible probates, and other matters. If a probate has been opened, the commitment will contain …
Landlocked Property What does it mean for a property to be landlocked? A property that is landlocked has no legal right of access from a public road or legal right of access over a private road or easement. Perhaps the property owner has been accessing the property via a private …
Lack of Probate Affidavit Selling a property when a vested owner is deceased and there is no probate requires additional information in order for a title company to insure the sale. A Lack of Probate Affidavit is the first item a title company will require. This is usually completed …
Things to Think About At the end of the day am I in control of my business or does my business control me? Am I taking enough time to enjoy my family and those around me? Do I have a clear plan for retirement and am I making …
