Wayne Stephenson joined Lawyers Mutual in 1989. He has also worked with First Title and Investors Title as both an underwriting and claims attorney. He specializes in real estate matters. You can reach Wayne at 800.662.8843 or at wstephenson@lawyersmutualnc.com.
There are various public entities that provide down payment and loan assistance to first time home purchasers which help many folks achieve the American Dream of home ownership. However, when those purchasers later want to refinance or sell their home, there can be issues involving the payoff of the public entity’s secured liens against the realty. Read More
Real Estate related wire fraud in North Carolina has been going on now for at least six years. Yet, both Lawyers Mutual and the State Bar are still seeing claims and grievances arising from wire fraud attacks which could have been avoided if the attorneys had followed the risk management advice of the Bar, Lawy… Read More
Guardian ad Litems risk management tips. Read More
Looming deadline within the NC Condominium Act for developers. Read More
Real Estate risk management spring cleaning tips. Read More
Equitable distribution and alimony claims review. Read More
Real estate claims numbers increase as closings rise in the summer months. Read More
A discussion of major changes to North Carolina’s Mechanics’ Lien laws that took effect April 1, 2013 Read More
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.