Chicago Title June Updates & Announcements

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SYRACUSE-OSWEGO JUNE 2023 ISSUE

Our offices will close at 3 pm on July 3rd, and we will be closed on July 4th to celebrate Independence Day. We hope you have a safe and happy holiday with your friends and family!

Agriculture 1031 Exchanges include:

Farms, Ranches, Raw Land and Agricultural Land

Taxpayers in the agriculture community are using 1031 Exchanges to enhance and grow their operations, relocate to more productive acreage, or sell property and transition to other eligible properties like apartments, industrial spaces, or passive investments.

Click here for more info: Agriculture 1031_IPX1031

Where are we headed?

Housing Market 5-Year Forecast | Bankrate

"We asked several residential real estate experts to peer into their crystal balls and give us a five-year forecast for the housing market. Here’s looking at you, 2028..."

Read more
www.bankrate.com

Editor: Lisa A. Tyler, National Escrow Administrator

During the processing of a real estate sale transaction, the settlement agent may receive an assignment of the purchase agreement to a new buyer. The principals to the transaction will then change. The transaction will involve the seller/property owner and a buyer/assignee. The original buyer/assignor is no longer a principal to the transaction.

If a settlement agent is presented with an assignment of a buyer's right title and interest in a purchase agreement, the purchase agreement must be reviewed to determine how to proceed. There are four possibilities:

The agreement may prohibit an assignment to the new buyer.
The agreement may name a purchaser and state "and/or assigns."
The agreement may allow for an assignment to a new buyer as long as the seller gives their written consent; or
The agreement may fully address future assignments and provide the seller's consent at the time the agreement is signed with no need for future seller consent once the ultimate buyer is found.

What is EC Purchasing?

EC Purchasing, a subsidiary of Fidelity National Financial (FNF), is a Group Purchasing Organization that enables its members to access exclusive discounts on products and services from national companies.

How much are the sign up/membership fees?

Membership to EC Purchasing is absolutely free with no cost or obligation.

How do I know I will save?

EC Purchasing will analyze your regular spending on office supplies and shipping and compare it to their reduced rates. Afterward, you will receive a report highlighting possible savings on similar or identical products.

Thank you for reading & stay tuned for our next issue!

Emily Shepard - Marketing Representative

O 315-413-5964 - Emily.Shepard@ctt.com

120 Madison Street, Suite 1610, Syracuse, NY 13202

Linkedin - vCard - northernny.ctic.com

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