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IN THE SPOTLIGHT
Why Abraham Lincoln
needed title insurance
Abraham Lincoln was born in a
meager, one-room cabin near Hodgenville, Ky. Lincoln's father, Tom,
had paid $200 for the cabin and 300 acres of discouraging land. It
wasn't much, but it was home.
After four years of fighting
mosquitoes, heat and hardscrabble land, the Lincolns had to pack up
and leave. There was a defect in the title. They didn't have the
right sort of papers, and somebody else had a better claim to the
land. With 3-year-old Abe in his mother's arms, the family moved
eight miles away to Knob Creek.
In less than four years, Tom
Lincoln had to go to court to prove his ownership rights to this
second farm. Another claimant to the land sued him for being a
"trespasser." Tom Lincoln won the suit but was haunted by
the fear that he might someday lose another property. Tom decided
to move his family to Indiana where there was government land with
clear title and the right kind of papers. Thus Abraham Lincoln lost
a second home to title problems.
It was the frustration and
anguish of such hard-working Americans that gave rise to today's
title insurance industry. A home is still the largest purchase most
of us make in our lifetime. And with escalating land values, the
loss of property can still bring a family to ruin. Consequently,
Alamo Title and other such real estate property related companies
provide the reliability and stability we need to ensure the
sanctity of that which we call "home."
Please visit
the Alamo Title Co. table at the
Nov. 19 BCMS
Women in Medicine appreciation dinner. Visitors can be coached
through the title process and enter to win a Coach purse.
For
information, contact Jackie Browning, Alamo Title Co. commercial
and residential business development, at (210) 414-6912 or Jackie.browning@alamotitle.com.
This information is sent on behalf of a valued BCMS
Circle of Friends sponsor at the silver level, but it is not an
endorsement. Donations from Circle of Friends sponsors help keep
down the cost of dues and allow BCMS to continue to provide quality
service to its members. The society continues its pledge to you and
only will involve itself in services and programs that benefit you,
the member, and your patients.
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