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TITLE INSURANCE

"Title Insurance" means insuring, guaranteeing or indemnifying owners of real property or others interested therein against loss or damage suffered by reason of liens, encumbrances upon, or defects in the title to said property, and the validity or impairment of liens thereon, or doing any business in substance equivalent to any of the foregoing in a manner designed to evade the provisions of this Act.

The "business of title insurance" shall be deemed to be

1. the making as insurer, guarantor or surety, or proposing to make as insurer, guarantor or surety, of any contract or policy of title insurance or any equivalent thereof;
2. the transacting or proposing to transact, any phase of title insurance, including solicitation, title examination, except when conducted by an attorney, closing the transaction, except when conducted by an attorney, execution of a contract of title insurance, insuring and transacting matters subsequent to the execution of the contract and arising out of it, including reinsurance;
3. the making of a guaranty or warranty of a title search, title examination, or any component thereof by a person other than the one performing the search or examination; or
4. the doing, or proposing to do, any business in substance equivalent to any of the foregoing whether or not designed to evade the provisions of this Act.

FOR SALE BY OWNER

Thinking of purchasing or selling a home? Then, think of us. We can help handle your transaction. Let us worry about the details. Simply bring us a signed contract and we will take care of the rest, including:

• Researching the title
  
• Furnishing you with a title commitment
  
• Coordinating with your lender and/or buyer
  
• Making sure that all closing requirements have been met
  
• Recording your documents at the courthouse

On settlement day, South Land or American Title Company will conduct the closing, disburse the funds and issue the title policy.

Open Title Form

1031 EXCHANGES

In general, Section 1031 of the Internal Revenue Code allows a property owner to exchange one property for another and defer payment of capital gains tax, as long as both properties are "like-kind." "Like-kind" property is property that must be either held for investment or held for productive use in trade or business. To have a completely tax deferred exchange; the Exchanger must acquire a replacement property of an equal or greater value than the relinquished property. This means that one must transfer all of the proceeds into the replacement property and obtain an equal or greater loan.

For more information about 1031 exchanges, contact Investment Property Exchange Services, Inc. - www.ipx1031.com, a member of the Fidelity National Financial Corporation's Group.