Since October 2003, the American Land Title Association (ALTA) adopted fifteen (15) new endorsements primarily designed to be used with commercial transactions: ALTA 14 (Future Advance – Priority); ALTA 14.1 (Future Advance – Knowledge); ALTA 14.2 (Future Advance – Letter of Credit); ALTA 15 (Nonimputation – Full Equity Transfer); ALTA 15.1 (Nonimputation – Additional Insured); ALTA 15.2

What if someone offered you a chance to buy a pay phone for $7,000? Before you rush to judgment, did I tell you that because of deregulation there is tremendous opportunity for growth in this industry? Wait! Don't put down that checkbook just yet. What if I told you that I would manage and operate the phone for you, that I would pay you a 14% annual return and that I would buy the thing back for the full purchase price if you asked? Sounding a little better? Hold that thought for a few minutes.

Introduction

Unexpected events can easily interrupt a business's daily operations and put its revenues, not to mention the safety of its employees, in jeopardy. Whether the cause is a massive power outage, a terrorist attack, a computer virus, or a natural disaster, every business faces the risk of being temporarily or permanently disabled by external forces.

In April, 2001 newsletter, Investors Title republished an article by Lynn W. Wilburn entitled "Flip!" Not Just Another 4-letter Word Illegal Flip Real Estate Transaction which pointed out the dangers and in some cases potential criminal aspects of "flip" transactions.

Real Estate attorneys now have additional reasons to be vigilant to identify a "flip."

Introduction
During this time of military action, it is advisable to revisit the Soldiers' and Sailors' Civil Relief Act and other laws designed to protect our nation's service men and women. Due to the nature of military service, the federal government has enacted laws to ensure that the people who protect our country are not negatively affected by financial or other legal difficulties while performing their duties.

When searching a title or reviewing the results of a title search, the title examiner may discover that the current property owner, or a previous owner, has been involved in a bankruptcy proceeding while owner of the property. Often the property owner's bankruptcy was preceded by the entry of a number of judgments in favor of the owner's creditors which served as precipitating factors for the bankruptcy proceeding.