The Law Offices of Sydney Young

08/23/2024

I’ve said this to a few women in my life today, so I want to say it to you, too:

Go get em, Tigers❣️

Hope you each have a wonderful day. 🤍🎉🫶

03/17/2023

Well this is good news, and all the luck of the Irish to you, today! 🍀 Together with a fun fact from Market Briefs, a service I love (thank you, Amanda!) but have been opening with a side eye, lately. If you are watching the market or watching interest rates, they always have a daily break down. Today’s daily rate is disappointing, but I’m seeing better and am hopeful that we will continue to see better, given everything else. Why is it alarming that most have lower interest rates than current? Well, among other things, if their rate is adjustable, the next adjustment will be a potentially life-changing shock. Good news is that mortgages {home loans} generally always have a 2% cap. But even that can be too much for many in a down economy.

Here’s a link if you want to sign up for the daily. https://join.marketbriefs.com/4a92c0e8/ Yes, I could “win an award” like a cup or something, if you use this link but I don’t have any expectations there, lol. It’s mostly just facts but does have skews, so just know that it’s good to get info from multiple sources.

As always, this chat is for educational purposes and is not legal advice nor does it create an attorney/client relationship.

03/02/2023

Another law post but we don’t really talk law, we talk about my day life and the best description of Paris, Texas ever and why you should travel and BIG HAIR. For a conversation with an eminent domain lawyer and a property lawyer, it’s rather lively. Also of course the fact that the Loop 286 project is coming. Thank you Clint!

In this episode, Sydney Young joins to talk about her hometown of Paris, Texas, and the effect of an expansion of its main roadway, Loop 286. She also talks about how title companies work (she owns one!). Please share your thoughts on the show or this episode with me. I’m on Twitter . If you have ...

02/03/2023

So we know the Fed raised the rates slightly this week, but there is good news: a decrease in mortgage rates—and we are seeing that play out. While no one has a magic ball, this is the best we’ve seen in a number of months so if you’ve been waiting, now may be the time!

Information from Market Briefs who pulled from Freddie Mac.

This educational information is not intended as legal advice, nor does it create an attorney-client relationship.

02/01/2023

* fun! So many rubrics in Real Estate and Probate law…some that are quite surprising of you haven’t worked with a lawyer familiar with all the laws that effect the area. As I always say, we don’t make the laws, just have to follow (and know) them. 🤷🏻‍♀️ Here’s hoping you have smooth sailing with your transactions!

*This post is for informational purposes and does not create an attorney-client relationship.

Good Morning! The is ‘rubric.’ No, this isn’t the cube.
http://ow.ly/uIHC50MCxZG

01/27/2023

Also being a business woman, I always think of January as entity month, so here’s your friendly reminder. When getting all the end-of-year records to your accountant, go ahead and do your entity check, too, especially because this is an area where the real estate world is seeing a great deal of fraud. Make sure you: 1) know where your book is; 2) have your yearly meeting reduced to paper and placed in your minutes; 3) if your entity owns real estate, check the CAD in your area and pay those taxes by Tuesday—I say check, meaning, make sure it’s in the correct name; and 4) ensure that those running your entity are the approved managers and officers, both in the book and with the Secretary of State. Do you have to file with the SOS? No, but here’s where the new fraudsters look for the vulnerable, so the BEST Practice is to do it and check it periodically. Also, while you are at it, make sure you aren’t forfeited, and if you are, get reinstated, quick!

As always, this content is for educational purposes and not for legal advice, does not create an attorney-client relationship.

01/10/2023

-- QUIT the QuitClaim Deeds (QCD).

Most of the US conveys title by QuitClaim, but Texas is, of course, different. The good news is that the legislature dealt with this in September of 2021. The bad news for many is that the law doesn't make QCD's immediately effective, but they are effective 4 YEARS after recording. Most people don't want to wait 4 years to make profitable use of their land. The easier thing is to have a knowledgeable real estate lawyer prepare you a Warranty Deed. Otherwise, you'll likely be stymied on your next Real Estate deal.

Here's a flyer put together by the Texas Land Title Association, red lined by your's truly. Note that the law doesn't help those who received conveyance by QCD before 9-1-2021.

This post is for educational purposes and not legal advice or to establish an attorney-client relationship. I'd just simply love for everyone — FOR THE LOVE OF GOD -- to stop using a document that, in Texas, is worth less than the paper it is printed on.

Carry On, folks. -- Syd

11/16/2022

Hmmm. We’ve seen plenty of hills but is hummock a thing down here?

Good morning! Today's is 'hummock' http://ow.ly/JrC650LFgB7

04/29/2022

As an attorney mostly dealing in real estate, my legal assistants and I say this amongst ourselves on a daily basis as we review title files, so we decided to post a gentle reminder. Have a great day everyone!