All tagged residential real estate

Glimpses of the Future of Real Estate

I recently returned from a national conference of title insurance agents. The agenda included traditional, technical topics like underwriting standards and title insurance claims—very helpful, even if not the most exciting, topics. But, there were several presentations that were entirely different. The real stars of the show were about the future of real estate law, title insurance, and real estate transactions in general. As everyone tries to keep up with—or perhaps even get ahead of—the curve of rapidly advancing developments, here are my main takeaways:

Small Case, Important Principles For Written Agreements

A relatively small case, recently decided by the Louisiana state Court of Appeal for the Fifth Circuit illustrates two important principles: First, a court will often find a way to get around legal technicalities when they are being used by a party to achieve what the court perceives to be an unfair result; and Second, written contracts may always be modified orally or by the conduct of the parties, so be careful what you say and do after the ink is dry.