by grsgrouptest | Jan 31, 2012 | Blog, Uncategorized
Like every insurance policy, a policy of title insurance contains sections dealing with what it is insuring, the conditions of the insurance, and how to file a claim. Today we will discuss the various parts of the ALTA Owner’s Policy of Title Insurance, and what they...
by grsgrouptest | Jan 27, 2012 | Blog, Uncategorized
HREC or Historical Recognized Environmental Condition is a sometimes misunderstood term used in Phase I Environmental Site Assessments and is commonly used to describe situations in which contamination is known to have occurred at a property and cleanup has been...
by grsgrouptest | Jan 26, 2012 | Blog, Uncategorized
Blackstone Group LP is at it again. Last November I wrote about Blackstone’s efforts to acquire a large portfolio of distressed commercial property held by Morgan Stanley. It is now being reported in the Wall Street Journal that Blackstone Group LP is...
by grsgrouptest | Jan 24, 2012 | Blog, Uncategorized
Last week, GRS’s Bill Tryon blogged about environmental risks. Environmental issues can adversely affect the sale of real estate, since potential clean-up costs can be exorbitant. Bill mentioned that one way property buyers can find out whether their target property...
by grsgrouptest | Jan 20, 2012 | Blog, Uncategorized
Under federal laws, property owners are responsible for cleaning up contamination at real property they own. This is true even if the problem was caused by a previous occupant or resulted from an action that was legal when the contamination occurred. Since the...
by grsgrouptest | Jan 19, 2012 | Blog, Uncategorized
Where is it? What is the address? How do I get there? These are all different ways to find out where a certain parcel of land or building is located. Knowing the address is often the easiest way to find a place. If you know the address, you can use your GPS to...
