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.
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
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."
- Coalson's Real Estate Tips: Real Estate Professional or For Sale by Owner?
- 2012 Battle In The Saddle Schedule
- Coalson's Real Estate Tip – Improved Pasture Maintenance
- Coalson's Real Estate Tips – Ag Exemption
- AQHA Convention Wrap-up
- Trainer Indicted For Alleged Horse Protection Act Violations
- Glenn Blodgett Elected to AQHA Executive Committee
- Comptroller's Use of Texas Sports Event Funds Questioned
- OQHA Executive Vice President Search Announcement
- Coalson's Real Estate Tips
- Coat Color Testing
- AQHA World Show Webcast
- Latin American Championships
- AQHA Incentive Fund Payout
- Battle In The Saddle Returns
- 2012 AQHA Convention
- Animal Welfare Commission
- New Goal for Rein in Cancer
- AQHA Offers Genetic Disease Panel Test
- Poll: 80% Percent Of Americans Oppose Horse Slaughter
- APHA Announces Changes To Youth World Show
- Where Are Cattle Prices Headed?
- Billy Smith Hired As APHA Executive Director
- Equine Champions for Christ Hosts Free Cutting Clinic
- American Quarter Horse Association Leveling Program
- Horse Trailer Crash Investigation
- U.S. Cropland/Pastureland Totals More Than 1 Billion Acres
- Youth Division Added to Supreme Extreme Mustang Makeover
- Effort To Oppose Endangered Species Process
- Big Boost to CSU Equine Program
- Colorado State University Begins Fundraising For a New Equine Repro Lab
- APHA: New Genetic Testing Options
- U.S. Horse Slaughter Plants May Return Under New Bill
- Stolen Arkansas Horses: 4 of 5 Found!
- Genuine Doc Deceased at Age 34
- AQHA-Pfizer Best Remuda Award
- DOL Seeks To Limit/Control Child Labor On Ranches, Farms & All Ag Enterprises
- Update on Stolen Trailer and Horses
- 2011 AQHA World Show
- Services for Yvon Mathieu Announced