"I Want $100 Billion In Silver For My House..." | Summary and Q&A

TL;DR

Title counsel, Adam Millindorf, shares insights on estates, sovereign citizens, encroachments, and marital interests in real estate closings.

Key Insights

• 🖐️ Title counsel play a crucial role in troubleshooting complex real estate problems.
• 🥳 Dealing with estates requires careful attention to detail, including identifying the correct heirs and ensuring the correct parties sign the necessary documents.
• 🗯️ Marital interests can significantly impact real estate transactions and require careful consideration to ensure proper transfer of property rights.
• 🔨 A survey is a valuable tool to identify potential issues that could affect the transfer of clear title in a real estate transaction.
• 🤯 Title insurance, especially an owner's policy, provides protection and peace of mind for buyers, covering potential issues that may arise from past title problems.
• 🏮 Considerations such as AKAs, clear chains of title, and proper vesting can help prevent problems and ensure a smoother closing process.
• ❓ Sovereign citizen issues can pose challenges in real estate transactions, and it's important to address these problems promptly with legal assistance.

Transcript

today on the real estate show I am joined by Adam millindorf he is title counsil for Master title agency and we get into Estates Sovereign citizens encroachments marital interests all of the juicy stuff that happens in your closings so if you're an agent looking for tips and tricks this episode is for you this is not obviously not your first lawyer... Read More

Questions & Answers

Q: How did Adam Millindorf become a title counsel?

Adam interned at a law firm during law school, gradually transitioning from document review to becoming the senior title counsel at Master Title Agency.

Q: What challenges does Adam face in his role as a title counsel?

Adam encounters various issues, including finding creative solutions for complex problems and dealing with unique scenarios that have never been encountered before.

Q: What are some important considerations when it comes to estates in real estate transactions?

Ensuring the correct parties sign the listing agreement and the contract, verifying the heirs of a property, and getting the right people to sign the deed are critical in estate-related transactions.

Q: How do marital interests affect real estate transactions?

Marital interests can complicate the transfer of property, and it's crucial to ensure both spouses sign the necessary documents and understand their rights in the transaction.

Summary & Key Takeaways

• Adam Millindorf discusses his journey to becoming a title counsel and the complexities he faces in troubleshooting complicated real estate problems.

• He emphasizes the importance of trying to find solutions to problems and the need to have clear title in real estate transactions.

• Adam shares interesting scenarios, including issues with access to foreclosed family land and complications with estates and marital interests.