Team Title Guy

Sell... Buy... Refi... Specify Team Title Guy!

California

HELOC’s & Real Estate Closings, DO YOU KNOW. [Housing]

In the Real Estate industry there are so many options and parts to the puzzle. A Home Equity Line of credit is a great product, however as a Title Insurer it can be a challenge when it comes to a closing on a home that currently has one. HELOCs are open lines of credit on a property, and Homeowners usually have a check book or credit card to access their equity while living in the home. When they go to sell their home, these lines are supposed to be FROZEN. They are not supposed to be accessed in order that payoffs are up to date and accurately closed off. Unfortunately, some folks have even used these lines as the down payment for their future home, causing headaches and claims on Title. In order to address this, updated underwriting is being requested, and payoffs on these should be within three days of closing.

As a Vice President for Fidelity National Title, I have been in the industry since 2002 & I have seen the best, & worst of markets. If have found it be imperative to lock in on our industry needs to be a true asset for our clients in varying capacities. Gone are the days of being able to be an order taker, or solely an entertainer! In our industry pricing and product does not separate us much, however, it is truly about a few key points, knowledge, professionalism, & sustainability! It is imperative that we set ourselves apart, and that is what my team & I do.
Client First…
Do what you say, and say what you do.
I have learned through the years that almost every file is unique, and that our transactions do not close in a vacuum. Having a solid team has been imperative to our continued success!
We are where our clients are, and focus on adding value to each and every transaction! We believe in getting involved in our professional associations and communities. We add to extensive knowledge and resourcefulness to our X factor. At the end of the day, we are truly competing with ourselves

We believe that we can provide our clients insight & value that help us both win. We do this by saving time, money & closing more transactions. We believe that we are the best in the biz, we are an asset to all that work with and will in the future!

We are your resource for all things real estate related! NO QUESTION is too big or small!

Another key for us is training and education! Please know that we have monthly scheduled trainings, and we can do one on one, small group, and in-office training classes! Ask for a list of classes we can do for you and your team!

Ryan J. Orr

Fidelity National Title
Vice President
11175 Azusa Court, Suite 110
Rancho Cucamonga, CA 91730
t: 909-447-9266
www.TeamTitleGuy.com
RyanJOrr7@gmail.com

BK & RE Transaction- Meetings w Masters TTG Edition

Meeting With Masters

On Feb 15th we were able to continue on in our series on Meeting with Masters at Red Hill Country Club. In this conversation we broke down the nuiances of Ch 7 & 13 and how it impacts your tranasction, and your Clients.

Key Points

  • Timelines
  • Implications
  • Ch 7
  • Ch 13
  • Order of Avoidance
  • Title Implications
  • How to work through BK
  • Foreclosure Implications

We recorded the event and have made it available as a podcast which is available in

iTunes

Click Here

Stitcher

Click Here

Spotify 

Click Here

Guest Speakers: 

Tom Bernath– Advisory Title Officer Ticor Title

Derek May– Bankruptcy Attorney

Host: Ryan J Orr- VP Fidelity National Title

On the podcasts, we did a similar event with a different attorney, so if you are BK student, you can feel free to check them both out and compare.

My team and I truly believe in being a resource! Lean on us!

“I Hate Running!” Have you ever said this? #LifeHappens

Wow… What is it about running that is so bad? How it get such a bad rap? Interesting conversation right?

Is it because its tough and takes effort? Is it because the first 2-3 miles kinda sucks? Yeah I said sucks. But I got your attention..

Isn’t that kinda like life? When you get started at most tasks it is soooooo hard, and it takes a ton of effort to get the ball moving. However, when we stay with it and keep ourselves doing the right things consistently, that things get moving a bit easier, and the momentum builds.

Staying Consistent builds momentum!

Wild Right? Crazy thought!

That such as in running our bodies become better conditioned, we learn from mistakes and we are better for ourselves, our families, and our businesses!

Confession: I used to be one of those guys that said, “I hate running, and the only thing that felt better about it, is when we stopped!” My dad you to say something similar, and would say, “Banging your head against the wall and running are very similar, both feel better when you stop!” -Jim Orr

However, I have come to realize that if you can carve 30-40 minutes several times a week out of your schedule to run, IT IS INCREDIBLE… Even if its a WOG!!!

Screen Time….

We have so much screen time anymore, that its incredible to to unplug, and take the time for ourselves. This time is refreshing “ME Time” that allows us to take deep breaths, and de-stress. I have also found it as great uninterrupted time for prayer, and or take catch up on books I have wanted to read. I leverage www.Audible .com to listen to the books on my headphones. ( Nothing wrong with learning, growing and becoming stronger all at the same time.

Questions:

  1. Have you had a similar experience?
  2. Whats holding you back?
  3. Are you at a plateau, looking for a breakthrough? (willing to attempt)

I want your feedback, let me know what you think?

Make yourself a better YOU!

 

Cannabis, Real Estate & Escrows

Interesting quandary in in California, and several other states that have legalized Cannabis at the state level and the implications that come with it are quite, hmmm different.. Now, this talk is neither whether I am for nor against the legalization and more about dispelling a few myths, and or challenges with the “Marijuana Business.”

Just over one week ago I had the please of hearing one of the best escrow attorneys in Southern California speak. Rose Pothier has arguably got to be one of the most respected, and referenced in her field, and to hear her take was extremely eye opening.

A few items we have been told about legalizing pot:

  • It will bring in Tax Revenue
  • It will lessen Crime & Related Industry
  • It will be regulated, and more controlled as compared to backyard grow operations

Now as Rose started breaking it down and how the industry relates to our wonderful Real Estate Industry, it became glaringly apparent that there are some major issues to contend with for Cannabis related businesses. First, and probably the biggest is that Cannabis is only allowed legally on the State level, and NOT on the Federal level. What does that mean, well, let me break it down.

If you run a business and want to use a debit card, credit card, write checks, do accounting (Officially) and so forth, you need to be able to have a bank account. This is where the largest problem arises. You see banks are Federally chartered, are insured by the FDIC, and use a Federal Reserve wire system. If a business, (bank or escrow company for example) is breaking Federal laws, then the bank, can lose its charter, lose FDIC insurance, and ultimately be shut down.

Wow.. Do you see the dominos falling now? If you can’t have a bank account, then you become a 100% cash business. If you are a cash business, are you sharing your take to pay taxes? Also, if you are a cash business with large amounts of cash, at your place of business, or home, does this make you a target to get robbed?

Soooo, our California state officials spent a long period of time creating full blown report (which I  am attaching, for your reading pleasure) which essentially, is one big circle. They identify that currently under the law, there really is NOT a good solution, and the only real solution starts with the Federal Government reclassifying Cannabus from being grouped with heroin, other opiates, to a lesser drug like alcohol.

Morale of the story: If a bank, escrow, title company gets wind that the transaction they are doing is a Cannabus Related business, the transaction (under current law) cannot be done. 

Questions:

  1. Do you think we are seeing significant Tax Revenue?
  2. Do you think this is lessening crime?
  3. Is it more controlled or less enforceable?

Click Link Below For Report CA State Treasurer:

Cannabis Report