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May 2020
Title Notes E-News

Stay connected with us:  
We are Continuing Business As Usual - Accommodating and Adapting
Stay Safe
7 Habits of People Who Keep It Together During
Uncertain Times
by Tim Denning

I am in awe of a former co-worker. Despite a pandemic and recession, he's acting like the calm and peaceful internet monk, Jay Shetty. When I asked him, " How's business going for you old mate?" - he responded, " Couldn't be better. There's so much opportunity right now."

Hold up a second. How on earth can anyone be so calm and be talking about opportunity? Everybody  else I've asked jumps straight into their own tragic story about how millions of people are going to die and we're all screwed.  I've known this guy for a while. The habits he practices are highly unconventional and during these uncertain times, it's actually his secret sauce to keeping it all together.  Maybe you can adopt, reshape, or be inspired by some of his habits.  Click HERE  to read on.
Here are additional articles related to Leading During Crisis that may be of interest: 
Welcome Back Allison Snead

The Bankers Title team is thrilled that Allison Snead will be returning in May for her second summer as an intern with us. Allison is finishing her junior year at Virginia Tech. She is majoring in Human Resources Management, with a double minor in business leadership and digital marketing strategy. Go Hokies!
On April 9, 2020, the IRS issued Notice 2020-23, extending a variety of deadlines, including Section 1031 deadlines. This Notice would extend any 45-day or 180-day deadline that occurs between April 1 and July 15 to July 15, 2020.


Because the extension, as currently granted, only applies to deadlines falling between April 1 and July 15, the extension DOES NOT currently apply to both the 45-day and 180-day deadlines. Thus, a taxpayer with a 45th day deadline of May 16 would receive an extension of the identification deadline to July 15, but the same taxpayer would not receive an extension to the 180-day deadline, since if falls after July 15.


The extension also applies to the 180-day deadline to invest in an Opportunity Zone Fund.


Please note that although this Notice applies for federal taxation purposes, some individual states may not follow the federal deadline extensions, affecting state taxation. Taxpayers should consult with their tax advisor for more information. We will keep you updated if further clarifications are issued by the IRS. 


Please contact Carol Hayden, executive vice president - Investors Title Exchange Corporation, if you have any questions about this deadline extension. Click HERE to view a copy of the Notice.

Maximizing Your Energy During COVID-19
by Nicholas W. Eyrich, David Fessell and Gretchen Spreitzer

The COVID-19 pandemic has introduced a high degree of uncertainty into our homes, businesses and minds on a global scale. Lack of consistency in our daily schedules and unanswered questions have stimulated anxiety, which is amplified by the staggering statistics being constantly presented to us.  In order to effectively reduce burnout, promote overall health, and increase effectiveness, during these trying times it would be helpful to focus on activities, habits, and mindsets that promote thriving. Click HERE to learn about three  research-based  strategies for sustaining energy during this exceptionally challenging time.
Here are additional COVID-19 Pandemic Inspired articles that may be of interest: 
Bankers Title is Excited to Invite You to Take a Tour
of Our New and Improved Website arn More
It's Time to Throw Out Your 2020 Strategic Plan  
by Jim Marous, Co-Publisher of The Financial Brand

Now is the time to completely rethink how your organization creates a new path for the future. This will require new strategies, tactics and priorities that will support a new workplace environment, enhanced levels of consumer commitment, increased use of new technologies, a renewed commitment to innovation, and a sustainable value proposition that helps the community and the planet. This will require pushing the 'reset button' as opposed to simply resuming business as usual. Click HERE to read on.
Here are additional articles related to Banking that may be of interest: 
How Banks Can Help Small Business Through Aid Tangle and Beyond
by Paul McAdam
At times like these, the experiences that small business owners have with their lenders will shape indelible brand impressions - favorable or unfavorable. In the parlance of customer experience, these are way beyond "moments of truth." These are "moments of crisis."  Click HERE to learn about five fundamental truths of small business satisfaction that you can apply now.
Banking Must Support Small Businesses Beyond Providing Loans
by Jim Marous
With almost all small businesses suffering from unprecedented financial pressures, short-term forgivable loans are not enough for long-term survival.The question for financial institutions becomes, how can the financial services community help local small businesses survive in the immediate and long-term? Chinese giant Alibaba has introduced some strategies that they should consider. Click HERE to read on.
Bankers Title is proud to be a part of the Virginia Banking Community and recognizes you for the tireless hours you have invested to assist our
small businesses to access government program loans.  
This will have a huge long-term impact in our communities.

What You Need To Know About Bankers Title, LLC

  • Established in 1994
  • Managed by the Virginia Bankers Association
  • Exclusive underwriter for Investors Title
  • Committed to maintaining customer satisfaction by delivering quality title insurance products and closing services in an accurate and timely manner
Single source for all your title and settlement needs:
  • Licensed to underwrite title insurance in: Virginia, North Carolina, Maryland, and District of Columbia
  • Commercial Certified Underwriters on staff
  • Our settlement services can be customized to fit the needs of closing attorneys.
  • We can offer full services or simply HUD preparation and disbursement.
  • Our staff's vast experience enables us to respond quickly and effectively to detailed title questions, unusual search results, challenging escrow projects, and complex residential and commercial closings.
Did you know BT offers?
  • Closing services throughout the Commonwealth of Virginia using a network of professional closers with the convenience of closings at your bank, client's office, etc.
  • Specialized competitive pricing and an innovative product line
  • Negotiable commercial premiums and discounted premiums for Community Housing
  • Reissue rates good for 10 years on ANY company's prior policy
  • Facilitation of 1031 exchanges through Investors Title Exchange Corporation
  • Online quote calculator that provides title premiums, settlement fees and recording costs
  • Free Seminars and customized training for your team
Give us a call to discuss how our talented team can meet your needs!
We are essential and working safely to continue business as usual

NOTE: Recent changes in the details section of the recording cost format
on the Virginia Deed Calculations website. Click HERE to access. 

For your convenience, please click HERE to utilize our online rate calculator to get a quote.
** Remember to offer your borrowers Owner's Coverage on their most valuable investment. It's a one time premium with a lifetime of security.
In addition, they will receive a reduced premium rate when they obtain it simultaneously with your Lender's Coverage and a discount on Lenders Coverage every time they refinance within the next 10 years.**
What Topics Are On Your Mind?

Bankers Title wants to provide you with pertinent information in future E-Blasts and Webinars. What questions are on your mind regarding the real estate and mortgage lending industry? What Hot Topics would you like to receive greater insights and clarity? Send Robyn your thoughts.
Past issues of the Bankers Title E-news are archived on our website HERE
Robyn Parker
Vice President
Bankers Title, LLC
9011 Arboretum Parkway, Suite 110
Richmond, VA 23236
Phone  (800) 830-1414
Fax  (804)-560-7202

Give us a call and let us

know how we can better
serve you and your team!

Integrity. Security. Excellence.   Since 1994, we have provided market-leading title insurance and settlement solutions with uncompromising commitment to integrity, financial stability, and excellence in all that we do.