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Rita Crundwell Pleads Not Guilty

Written by QHN Staff on .

Rita Crundwell

According to wifr.com, leading Quarter Horse breeder and owner Rita Crundwell, the former Dixon, Ill., comptroller accused of stealing $53 million and stashing it in a secret bank account, pleaded not guilty to wire fraud on May 7. Prosecuters say they have more than 11,000 documents and photos that show how Crundwell pocketed her millions. U.S. Marshalls have taken control of nearly 300 of her horses. Crundwell is scheduled to be back in court at 11 a.m. on June 15 for a status hearing.

Built Ford Tough AQHYA World Show

Written by AQHA on .

aqhyalogoThe tentative schedule for the 2012 Built Ford Tough American Quarter Horse Youth Association World Championship Show is now available online. The Ford Youth World, Aug. 3-11 at State Fair Park in Oklahoma City, features the world’s top youth riders and their American Quarter Horses.

Coalson's Real Estate Tips: Owner's Policy of Title Insurance

Written by Coalson Real Estate on .

When real property or real estate is sold, a title or deed is transferred from the seller to the buyer. Most of us who own property do not have the ability or experience of searching the public records to identify existing rights and interests to guarantee title or a deed free and clear of liens and encumbrances. A title policy is a document or instrument produced by the title company and most commonly paid for by the seller that insures/protects a buyer against loss due to a defective title on the property. The title company researches the property that is under contract between a seller and buyer in the public records to determine if there are any matters that may affect the title such as outstanding loans, easements, leases, liens, etc.

Once the order has been placed with the title company, very soon a title commitment will be issued, which is the first document issued to the buyer for their review outlining the results or findings of the search. If the buyer is satisfied with the title commitment, then all parties will move forward toward closing and funding where a title policy will be issued. Depending on the terms of the contract, if the buyer is not satisfied with a particular item(s) on the title commitment, then the seller must cure or remedy the item to the buyer's satisfaction before moving forward toward closing and funding. Professionally speaking, I would never sell or buy property without a title policy; it is money well spent and peace of mind.

McAllen Coalson, Broker / Coalson Real Estate / www.coalson.com

DOL Nixes Child Labor Rule

Written by QHN Staff on .

April 27, 2012 - According to the Daily Caller, "Under pressure from farming advocates in rural communities, and following a report by The Daily Caller, the Obama administration withdrew a proposed rule Thursday that would have applied child labor laws to family farms."

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