Win the Day, Win the Business

You probably know at least five people in your sphere of influence, circle of friends or in your office that you are a little jealous of, right? It seems like they have it all…they enjoy success in every aspect of their lives, from their careers to their relationships and even their level of creature comforts. We all do and we wonder…how do they do it?

Darren Hardy, former publisher of Success Magazine and New York Times best-selling author, says “You will never change your life until you change something you do daily. The secret of your success is found in your daily routine.”

As a self-proclaimed sales and personal development junkie, the most important lesson of all came to me through a book called The Miracle Morning by Hal Elrod. Republic Title sponsored a lecture by him in January of this year. Since reading that book and others by modern thought leaders and motivational gurus, the ONE thing they all do and advise us to do is to have a morning routine. It is a secret weapon to winning the day and, after practicing one for the past three years, I can tell you…it works.

This may be yours: wake up, make and have some coffee, check the phone, maybe read or watch some news, take a shower, have a quick bite and then out the door. While this is more than likely close to everyone’s habit, this is NOT a morning routine. This is the day taking you for a ride, not you taking the day. All of the pros say that a morning routine should consist of at least three action items. By the way, NONE of them involve your smart phone or television.

Hal Elrod practices and writes about Life S.A.V.E.R.S, which include meditation, affirmations, visualization, reading and journaling. Brendon Burchard practices a Power Hour that includes twenty minutes of exercise, journaling and reading each. Mel Robbins has her own too that includes much of the same.

No matter HOW you do it…just DO IT. You can find a morning routine that is the perfect fit for you by searching Google or any of the people above.

And remember, the modern world we live in is filled with more distractions than we can count. Everywhere we go, our attention is being vied for by something. Technology was created to be a tool for better living, and while our constantly evolving “smart” devices are not the enemy, we must realize that they cannot and should not rule our day, much less our life. It is imperative that we remember the ONE thing that we are in control of…OUR MORNINGS.

Win the Day!

Janet Allen, Senior Vice President/Residential Business Development, Republic Title

ABCs of RTT Title Commitment3

ABCs of Title Commitment

A Commitment is a document the title company provides to all parties connected with a particular real estate transaction. It discloses the title of record to the property as well as all the liens, defects, burdens and obligations that affect the subject properties. It is comprised of four schedules.

Schedules A, B, C and D are as follows:

Actual Facts
Is the Who, What, Where and How Much section of the Commitment. You will see the names of the buyer, record owner (seller), a legal description of the property, the sales price and the name of the lender, if applicable. It is a good idea to double check this information with the contract.

Buyer Notification
This section lists the general and specific exceptions to the property. It will list
items such as survey matters, taxes, easements, setback lines and a variety of other items that will not be covered by the title policy. It is important to review and discuss any questions you have with your title company.

Clear in Order to Close
These items must be resolved in order to transfer title to the new owner. They might include such things as a mortgage that will be paid off at closing, liens for home improvements or unpaid taxes. All items shown on Schedule C should be discussed and resolved before the closing.

This section outlines the ownership of the title company and all the parties who will share in any part of the insurance premium collected to issue the policy. It includes underwriters, title agents and attorneys.
This information is not to be substituted as legal advice and is descriptive only. If you have any concerns about any portion of your title commitment or any portion of Schedule A,B,C, or D, please contact your attorney.

This information is not to be substituted as legal advice and is descriptive only. If you have any concerns about any portion of your title commitment or any portion of Schedule A,B,C, or D, please contact your attorney.

ABCs of Title Commitment




Survey Deletion Coverage Q&A

What is Survey Deletion Coverage?

Survey Deletion Coverage is often also referred to as “Survey Deletion”, “Survey Amendment”, and “Survey Coverage.”  When survey deletion coverage is given in the title policy it offers Buyers protection for errors or omissions that may have been made by the surveyor and accepted by the title company by changing the language in the “standard exception” of the title policy to read “Shortages in Area” only.  The “standard survey exception” in a title commitment or policy (before being amended) reads:

“Any discrepancies, conflicts, or shortage in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements.”

 Upon receipt of an acceptable survey, the title company may amend this exception to read “Shortages in area” only.   Things that a title company will look at to determine if a survey will be acceptable include, but are not limited to, the following:  that items noted on the survey are listed in the title commitment, verify the legal description, check platted building lines and platted easements, and other matters such as the seal and signature of the engineer, date of the survey, and north directional arrow. 

Survey Deletion is addressed in paragraph 6. A. (8) of the TREC One to Four Family Residential Contract, where the parties select between the options of amending or not amending the standard exception in the title policy and who will be responsible for the payment of the premium.

There are other issues that may show up in the review of a survey, such as a building or driveway or fence over a building line, or into a platted easement.  When this happens, the title company may still accept the survey and amend the standard exception to read “Shortages in Area” only, but will generally add a special exception on Schedule B of the title commitment and owner’s title policy for any of these issues that were shown on the survey.              

The cost of survey deletion coverage on residential transactions is 5% of the Owners Title Policy Premium, and is 15% of the Owner Title Policy Premium in a commercial transaction.

For more information on Survey Deletion Coverage, download our Survey Deletion Coverage Q&A flyer