Viral Socialite

Home sellers need to be aware of certain important details when they decide to carry back a note in a real estate transaction. When the complexities of traditional financing are removed from the sale of real estate transaction and seller financing becomes the solution, the process is so simple that it is easy to over look some of the details.

The only difference between traditional lending methods and seller financing is who the lender is. The financing process should be the same in both instances but with seller financing it is easy for seller to get overwhelmed and lose track. Sellers should follow the same process just as if a third part lender were involved.

Fires do happen and if you are the note holder of a property that just went up in flames, you want to have piece of mind that the payor has adequate property insurance to cover for the loss. If property insurance with adequate coverage has not been put in place then you just watched the collateral secured to your note go up in flames. What are you going to foreclose on if the payor decides to quit paying you and walk away?

The policy should designate the note holder as the Loss Payee. This designation will ensure that the he or she is informed on the status of the policy and receive a certificate of insurance with each renewal. Every year the note holder should insist that the policy be renewed with adequate coverage for property loss.

Often when seller financing is the solution to a real estate transaction, the insurance policy is the item that is overlooked because it is the responsibility of the payor. Note Owners should require home buyers as a part of the contract to purchase adequate property insurance. Selling a note that does note have adequate property insurance or no insurance at all would be very difficult to sell on the secondary market. Expect to take a deep discount if a seller is willing to purchase without insurance. This is why it is so important to have a note professional on board to verify each element and protect the structure of the note and the creator.

Story: The Texas Note Company recently assisted a customer with the sale of an owner financed note in Pflugerville Texas. A mobile home note with land. The note had a face value of $50K with a balance just over $42K. We were able to give her a full purchase offer for the note which she accepted. She provided us with all the necessary documents we needed for the sale of her note.

Deed of Trust
Note Document
Warranty Deed
Settlement Statement
Property Insurance
Social Security Numbers of the payor
Payment History with Bank Deposit slips
Pictures of the property

(Just a little note: If you are considering selling your note or want a note quote we will need these documents t)

Upon reviewing all the documents it was determined the the property insurance policy was only for $5,000.. This was an issue because if the home burned down or was destroyed the home owners policy would have not been able to replace/rebuild their home with just $5,000. The risk to an investor would have been to great and to find a buyer without the proper coverage would have been very difficult. If the home was destroyed and the payor walked away what would be left to foreclose on? This story ends well, Texas Note was able to work with the payor and their insurance agent to increase the amount of the policy to the required level of $45K at a cost increase of just a dollar a day to note payor. Additionally, we amended the Deed of Trust to include the clause that the proper amount of property insurance must be maintained each year. Then the deal was closed and the note seller received a lump sum of cash.

By: Robert E Young

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Intellectual property insurance offers first-party protection against theft regarding business secrets, copyright infringement and patent infringement. The insurance policy gives you a payment for lost profits to $10 million, with an endorsement option also available that provides $2 million in additional litigation expenses.

Types of Intellectual Property Insurance:
At present, there are two main types of Intellectual Property insurance policies which are prevalent in the market. Firstly, there are infringement policies, which are specifically designed for firms that are familiar with the changing trend in their business both in technological and legal front. More often than not these types of firms are desperate for protection against liabilities which are pretty big and which can by their sheer weight can create earnings volatility. The firms are buying infringement policies in order to smooth earnings because of exposure to an inadvertent infringement of anybody else’s Intellectual Property.

On the other hand, enforcement policies are purchased by those firms who view Intellectual Property as a first-party asset that ought to be protected. The fact remains that Intellectual Property can be stolen infringed upon and invalidated. The litigation expenses in the recovery of theft and infringement claims are covered by most of the enforcement policies. Coverage will come to a standstill if the Intellectual Property is invalidated.
What Is Intellectual Property?
Intellectual property can be classified into four categories:

1) Firstly, there are Copyrights, which are applicable to original works of authorship that are constant in tangible mediums of expression. For example, literary works-including computer programs, pictorial and graphic works.

2) Secondly, there are patents, which play a pivotal part in protecting the making, using and selling of a patented item or process.

3) Trademarks and service marks.

4) Finally, trade secrets, which can be defined as the information that is generally kept as a secret and it gives its owner an advantage over competitors. For example, formulas, patterns, techniques and processes.

Intellectual property is very pivotal to all the organizations not just for big firms. It is just that role of intellectual property changes based on capacity of firm. For example, smaller firms will need intellectual property for the knowledge and skills required making their products or providing their services. It is worth noting that smaller firms can be particularly vulnerable to attacks on their intellectual property as big, better-financed competitors seek to erase them from the market. That is why, the success and failure of these types of companies depends solely on protecting their intellectual property.

By: Alexander Gordon

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What if your motor insurance provider told you that you could get up to 25 percent discounted from your next car insurance policy simply by showing them that you were a safe driver? It would sound obvious won’t it – after all, basically, isn’t that what a no claims bonus is all about? Well, you can guess again, because with the new “autograph” device getting up to 25 percent discounted on your car insurance policy in the years to come is going to be a very real experience!

What Is The Autograph?

Basically, an “autograph” is a device that you ask a garage to plug into the diagnostic part of your car (which can be found underneath your steering wheel). The autograph will then record all of your driving skills, including how fast you drive, your average speed, whether or not you need to suddenly break (and, if so, how often), the times of the day that you like to be out and about on the roads, what your average mileage is, what your longest and shortest journeys are. In fact, the list is endless. After a pre-determined period, say three or six months, you then return to garage that installed the autograph and they will uninstall it and replace it with a new one. The old autograph is then plugged into a computer and all the requested recorded data is feed into a computer and sent to your motor insurance provider. Your motor insurance provider can then take a look at all of this recorded data and can decide, more accurately, if you are a high or low risk driver!

Benefits of the Autograph

If you are a good driver, the benefits of agreeing to use an autograph are easy to see – after all, recorded data rarely lies! The downside to using an autograph is the fact that it is recording the data collected in the car. This has two effects – first, you have to have a car capable of recording this data (i.e., not too old); second, the data collection cannot differentiate between drivers. As such, if you have a car in your house that is driven by several different people, the autograph will not be able to tell who is driving the car at any given time. Consequently, if you have your son or daughter on your car insurance and they tell you they like to drive at 50 miles an hour, while the autograph tells the motor insurance provider they like to drive at 120 miles an hour, it’s not likely you are going to be getting the 25 percent policy premium discount you were looking for!

All in all though, as with pay per mile car insurance, getting cheap car insurance using an autograph device, although being the way of the future, is here to stay and will most probably benefit far more motor drives than it inhibits.

By: Joseph Kenny

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If you have a home business and need a home owner insurance quote, consider getting your home owner insurance quote from State Farm. As long as you purchase enough home owner insurance to adequately protect your home as well as your home business, you will be safe; however, making sure you have enough home owner insurance for both your home and your home business is just the start. You must take a few more steps throughout the duration of your home owner insurance policy to make sure your home business is thoroughly covered with your State Farm home owner insurance policy.

First, make sure you have taken proper inventory of your home business’ equipment. Include computers, printers, fax machines, copy machines, shredders, scanners, and any other expensive electronic equipment, as well as filing cabinets, desks, and chairs. These are the pieces of equipment you will need to list in the event your home business becomes damaged in some way, so it is extremely important not to forget anything. Also, keep your inventory up to date, and notify your State Farm home owner insurance agent so he or she can make the necessary changes to your State Farm home owner insurance policy.

Next, consider investing in protection devices such as lighting protection systems and electrical surge devices. You can contact a contractor for more information about these kinds of protection.

Finally, keep your State Farm home owner insurance quote low by taking your own precautions. Install a safety alarm system. Record the serial numbers of all business office equipment you purchase. Buy a large safe and store all smaller, expensive office equipment in it when you’re not in the office. If you are willing, consider bolting your larger office equipment to the floor, such as desks, safes, and copy machines.

Take these steps before you get your State Farm home owner insurance quote, and maintain them to keep that quote low.

By: Elizabeth Newberry

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There are various different types of dental insurance and dental care plans available either as a private individual or offered as an employee benefit. The cost of dental insurance will vary according to the plan you choose and how the insurance is covered.

Some low cost dental care plans start as low as a few dollars a month and you can get a low cost ‘capitation (HMO) dental insurance for as little as $6 per month.

Capitation dental insurance is an insurance whereby a fixed fee is paid to a dentist per patient registered. In return for the fixed fee the dentist will provide free routine dental care although clients may have to pay a fee for each visit and the level of non routine work covered will be dependant on the dental insurance policy. The cost of this type of dental insurance is generally quite affordable with monthly premiums ranging between around $6 and $16 per month.

If you want to select your own dentist you might want to opt for an indemnity dental insurance plan which will mean that your dental insurance provider will reimburse your dentist for any work carried out. The dental insurance will generally cover between 50% and 80% of the cost with the remainder having to be paid for by the dental insurance policy holder. Indemnity dental insurance will only cover the cost of certain procedures as detailed in the policy document and the level of deductibles can prove to be quite high for non-preventative work. As with most dental insurance annual limits are likely to be applied. Indemnity dental insurance starts at around $15 per month with more comprehensive policies likely to set you back around $25.

Preferred provider dental insurance will allow you to receive dental care from participating dentists who in turn will offer dental care at a greatly reduced rate. If you use a non participating dentist your benefits are greatly reduced. The cost of such a dental insurance is higher than many of the alternative options with the monthly premiums likely to be in excess of $20.

For those of you who are lucky enough to have dental care included as an employee benefit through a reimbursement plan the cost to you will depend on the level of dental insurance your employer provides. Such alternatives to dental insurance can cover 100% of your dental cost but it does vary from employer to employer and there is usually an annual limit to the amount you can claim.

By: Terry Ross

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If you own – or are thinking of owning – an imported Japanese car, then one of your considerations must be the cost of Japanese Motor Car Import Insurance. We all know that if you decide to buy a car that has not been manufactured in the UK, then you may find it difficult to get insurance And even then, after you have found it, the car insurance premiums could go sky high!.

For example, if you own an imported Japanese sports car, then you will need to investigate the different schemes and cover offered by motor insurers. Don’t just take the first quote that comes along or accept an insurers dismissal of you. You will find that some insurers will refuse to insure you simply because they stick to insuring mainstream cars. However, don’t let this put you off, there are specialist insurers out there who can and will insure you, and at competitive price too.

You will find that the longer you have been driving and without making a claim, the better deal you should be offered by a specialist import insurer. All the normal considerations that apply when you are looking for motor insurance – such as keeping it garaged overnight, having a reduced mileage, limiting the number of drivers etc – are even more important when you are looking for Japanese Motor Car Import Insurance.

By doing as much as you can to get yourself ‘brownie points’ from your proposed insurer will definitely help drive the insurance premium down.

And just because motor car import insurance is deemed as such a specialist area, it really doesn’t mean yon have to accept the first quote that comes your way. There are a number of reputable insurers in the marketplace who can and will provide insurance for your imported vehicle, so do shop around for the right deal for you and accept the quote that gives you the level of cover you need and at a realistic price.

By: Jason Hulott

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