Mortgage Tips With the Pros

Transcript

SPEAKER_04 0:45

Hello out there, everybody and listening. We're Wesley Bright here with Core Scope Insights, where we're always at the core of industry, expanding the scope. We're so glad y'all tuned in to join us tonight. Hey, we've got a great show lined up and some great guests. That's right, that's with Plural Tonight. So we've got two guests in the studio. We'll introduce those in just a see there, I'm tongue-tied already. Introduce them in a minute. But uh thank y'all for tuning in. A show wouldn't be a show without our listeners, and we can't thank you enough. So uh, hey, woke up to a beautiful, bright, sunny morning this morning. It's been gorgeous outside in South Carolina. We hope you all have had the fair weather wherever you're listening at as well. And uh so we're gonna dive right in. But tonight we have got John back in the studio from last week. We talked he's back back for round two. That's right. And we have got Leslie, Leslie, what's your last name again? I'm sorry, I'm bad with names. Peters. Peter, Leslie Peters. Leslie Peters is in the studio with us tonight with uh Bogart and Peters, law firm. So we're gonna be discussing all kinds of neat things. So, hey, if we get in any legal trouble, we've got a lawyer right here with us tonight. So, Leslie, tell us a little bit about you and tell us about your business and tell them how you can help South Carolina and others out with their financial or their uh their buying needs and all kinds of things.

SPEAKER_02 2:06

Absolutely. So um I'm Leslie Peters. I am the owner of Boger and Peters off Elmwood in Columbia. Um I have uh owned it since 2022. I have worked there since 2017. Um I got there or I started there straight out of law school and then Brian retired, and so off I went. So um I've been doing real estate since 2017. Um we we focus almost solely on real estate closings. Um we do powers of attorneys, wills, simple wills, things like that. Um, but we focus mainly on residential real estate closings.

SPEAKER_04 2:43

That's awesome. That's awesome. And you have gotten to know some pretty uh substantial people in South Carolina, hadn't you? Do you want to speak about that a little bit or confidential? He says that I can't. But but no, you do a lot of work with um with some some higher higher profile folks here in the state of South Carolina. We'll leave it at that. But um it's it's always a pleasure. Leslie's always high energy, and um I just uh love having conversations with her and learn how she's helping people every day, folks. So why don't you tell folks what you do, the how you help your customers in closings and what you can offer and bring to the table for those out there maybe looking to buy a house or to get into some real estate with you.

SPEAKER_02 3:28

Sure. So um we will handle any sort of closing focused mostly on residential, but we also handle commercial as well. Um, we can help uh first-time home buyers, seasoned investors, businesses, corporations, anyone who's looking to buy or sell, um, including anyone who's looking to refinance and take uh, you know, take equity out of their home, um, whether through a refinance, a home equity line of credit, second mortgage, which I'm sure we'll get into today. And so um, yeah, so our you know, our firm is there there are three full-time employees, and it's myself, Rebecca, and Charlene. Um they have been with me since I took over, uh, bought the firm. They have been with Brian for 25 and 30 years before that.

SPEAKER_04 4:17

A lot of experience, a ton of experience.

SPEAKER_02 4:20

It's it's a very like familial relationship at the office, like, you know, and it's just us. So you're not, you know, there there's at most three people working on your file. Um, it's there's a lot of benefits to going to larger firms, but one of the drawbacks a lot of times is you know, you're being passed around to this person who then does, you know, the underwriter goes to the title curator. And, you know, like there's a bunch of, you know, just bouncing around trying to figure out who you're supposed to talk to. So um, you know, we try, because we are a small firm trying to compete with a lot of bigger fish in the pond, um, we try to get things done very quickly. Um, you know, we try to get title work back very quickly, get uh, you know, get documents to lenders within about a week's turnaround time if possible. Um sometimes it's sooner, but you know, uh we just try to get everything done quickly, efficiently, and um make our clients happy.

SPEAKER_04 5:15

That is awesome. That is awesome. Well, I can tell you with her energy that she brings to the table, folks, she would do nothing wor uh nothing less than work hard for you guys. Um she she brings a lot of energy to the table, a lot of expertise, and um just getting to know her. Uh, we're in a business group together, and it's always exciting when it gets to her and she's telling folks what she's done, who she's been able to help, and what she's been able to do, sort of like you, John. There's a passion that overflows uh between the two of you, and you guys work together a good bit. So you want to talk about that, John? Well, finally let you talk.

SPEAKER_00 5:52

Well, I'll I'll tell a funny story. So uh I was I also just recently got um into my own branch as a branch manager. Um this was around August, and as I was making that move, I was looking at places to land, I was looking at offices, and I looked at an office space in um the building you're in on Elmwood, and uh which has been around for quite a while, had some open spaces, and like I was looking at a small office, a medium-sized office, a large office. I wasn't sure how many people I would end up with. Right. I was trying to figure it out, looking at some pricing. And I remember distinctly remember my wife and I walking through there, and she's like, Oh, there's a law office. Boger and Peters, like, you should talk to them. I'm like, well, probably. I don't we'll see. I don't even know if I'll be in this building, we'll see what happens. And then as I joined the group, there you were, and I was like, dang, that was that would have been awesome, actually, if I had gotten this place. But uh, but yeah, no, um, I've used uh Boger and Peters now for several clients. Um, most clients don't really know attorneys, so they don't care who you use. I'll ask them, like, do you know anyone? Do you want to use anyone? In fact, when we send out disclosures, we have like a list of like 20, um, just to say, hey, here's some options, right? But um, but ultimately, if if they're if they're comfortable with me helping direct, then I'll just say, you know, Tribal Repeater is there, right? They're all Elmwood. It's literally like the easiest. No matter where you live in Columbia or the outskirts, you know, you can get to Elmwood.

SPEAKER_04 7:16

And once they use Leslie, they then they know her for future. So it's always it's always great. And with your with your enthusiasm, I I mean, who wouldn't want to deal with Leslie, right? Yeah, yeah. So that's that's awesome. Uh I'm I'm really thrilled to have you and on the show. Um, number one, I always I always enjoy talking to female business owners. Um, you know, it it's in our in what we normally talk about, the norm here, HBAC, uh, you know, plumbing, heating in air, a lot of times it's it's gobbled up by men. We have had a couple of female business owners in HBAC. Number one, uh we've had Teresa Wardlaw with Cool Care on the show. Great, great show. And so um, you know, yeah, we we've had Ellie on here talking about gutters. I mean, you know, who would commonly normally think of a lady owning a gutter company, but she does a great job, and she's also very high energy. So I I love I love the idea of having you on the show and being able to promote you, not only your business, but your personality. Uh, your personality is a charm. It's it's it's a me John and I both agree. I mean, we couldn't, you know, be on the show. You you kind of tonight she's gonna steal the light, guys, not just because she's a lady, but because she brings so much energy to the table. So it's it's always great. But why don't you guys expand a little bit on what you guys are are doing together? And and you know, you want you guys wanted to come on the show together, so I think that's great.

SPEAKER_00 8:44

So um, you know, it was my idea to to actually kind of promote because you do a lot with HBAC, you do a lot with the trades, right? Sure. Certainly there are folks out there with sitting on tons of equity. I've got a client actually right now who wants to consolidate a little bit of his debt, he wants to buy his son who's coming of age, a car, and he's sitting on, you know, he he's literally like, you know, 25% of um the uh value of his home is is all he owes. So he's got 75% he can tap into um to do some of these things and keep and keep it cost effective. So, you know, those are the sorts of things if you had to, you know, do a project in your house, um, you want to renovate your kitchen, your bathroom, what have you, if you have to do a roof, your swimming pool. Swimming pool is a good roof, especially as we head into the summer um swimming pool, you know. Um yeah, I mean, and and obviously we can make it pretty easy, but you know, the closing aspect is critical um to being able to do I have a question for you, Leslie. When you do um title work, who actually does the research on title?

SPEAKER_02 9:47

So we have an abstractor that does all of the dirty work for us, for lack of a better word. He goes to the register of deeds. If he's able to go online, he pulls it online. He goes to register of deeds, checks all the back records, brings us um copies of everything, checks mortgages, uh liens, anything that would appear on the title search as an exception to be cleared. Um and then after he prepares it for us, then all three of us in the office set eyes on it at least once. And there's yeah, there's uh there's this joke in the office that there's like always three initial, three weird-looking initials on our title work. If you ask us for something, you're like, what is that? And it's because every person in our office will initial everything to make sure that like, you know, if one person missed it and the next person missed it, well, Charlene might catch it in the end.

SPEAKER_03 10:35

Right.

SPEAKER_02 10:36

You know, so um there's a lot of like double checking and making sure that everything is uh everything is kosher with the title work. But um so we we kind of just do the do the check over at the end, make sure everything is good and then examine the documents that have been pulled to, you know, make sure that everything's in accordance and able to be closed.

SPEAKER_00 10:54

That's awesome. And that abstractor, I mean, that's just kind of a contract person who probably does this for many law law law firms.

SPEAKER_02 11:03

Yes. So one of ours works for a competing law firm. Um, we'll forgive him for that. Uh it's it's a it's his sister's law firm. We really will forgive him for that.

SPEAKER_03 11:11

Sure, yeah.

SPEAKER_02 11:12

So um, but we have two abstractors that we usually work with. Um, one works for a competing firm, does our title work as well, and the other one um is basically retired and just work or you know, does our work and work for his um for his brother, who's also a retiring real estate lawyer.

SPEAKER_00 11:31

So you've got the person goes, does the research, provides the documents, you review them, your team reviews them, you check box, you you know, you initial your documents and make sure everything's good. But then here's like who what about the insurance product? Talk a little bit about that, because a lot of my clients are like, what's this title insurance all about? So how do you what do you say when someone's asked you, what's this title insurance all about?

SPEAKER_02 11:53

Okay, so title insurance basically protects your interest and ownership in a property for the entire time that you own it. Um, title insurance, a lot of people hear insurance are like, oh, it's like a yearly, monthly thing. You know, a title insurance is a one-time policy that you purchase a premium on. Um, you usually get it when you purchase the property. Uh, you can obtain it if you didn't get it when you purchased the property. That is something we can do.

SPEAKER_03 12:18

You can get it if you don't both that's good to do.

SPEAKER_02 12:20

We we would have to do a title search with our abstractor, make sure everything's good with the property, and then we could issue a title policy after the fact. Um, it is usually like a fraction of the sales price of the property, like anywhere from you know, $500 to $1,500, depending on how much the property is. It can get up there. But um, you know, it's a one-time fee that you pay and it protects you if anyone, for example, claims an interest in your property, if there's any access issues to the property, like you know, you're landlocked and didn't know it. Um title insurance basically provides an attorney for you that will defend your interest and anything like that. If there were any judgments missed on the property, if our title abstractor missed a big judgment, you know, your seller, yeah, your seller had a $30,000 judgment against him and someone missed it. Well, title insurance come kicks in and handles that as well. So it it really it is absolutely worth it. I have had, in fact, if you do not, we it it's optional. It is absolutely optional. Um, we include it automatically unless you tell us not to.

SPEAKER_01 13:21

Really?

SPEAKER_02 13:22

Um and if you and if you do opt to or opt out of getting the policy, we make you sign a waiver is basically like we told you if something happens.

SPEAKER_00 13:32

Right.

SPEAKER_02 13:32

We told you.

SPEAKER_00 13:33

Now what because there's multiple title insurance companies, right? Which one do you guys use typically?

SPEAKER_02 13:38

I write with Chicago Title Insurance Company. I write solely with them right now.

SPEAKER_00 13:42

Yeah, good. Um, so and I'll tell another story. So I actually used a I did a loan for a lady. Now it was a all one big parcel. It was like, I don't even know, 90 acres. And so the owner was um he ended up selling uh he had a bunch of rental properties on the on the on the larger parcel, and so he subdivided and he was selling them off. And uh she so she had there it was she had to get an easement to go across his property and across three other people's properties that were being parceled so that she had right of access to her land. And then on top of that, there was again it was a it was originally just a bunch of rental properties, so they all shared one well. So there there was a easement for the water that had to be done. And yeah, I mean, in that situation, like you better get title insurance. Like you just don't know what might be missed, right? What might you know, the the owner, the guy selling all the acreage, um, now he's like subdividing and piecemealing. Well, what what does he potentially owe against it? And covered. So yeah, I mean 100%. But most people are just like curious, like what is what does that actually cover? And it would it would protect you from the life that you uh length of time you own. Yes, right.

SPEAKER_02 14:58

Yes, you buy it up front one time and you don't pay for it again. Now if your house substantially increases in value, you should every now and then get it updated. You know, if it goes from you know a hundred to three hundred thousand dollars, then you should check on that every now and then.

SPEAKER_00 15:14

But um it protects you whether you you know whether anything happens or not, it is a it is a pro you know proactive policy and you get let me actually ask so that's interesting you say so if I have a title insurance on my purchase price from 20 years ago for a hundred thousand, but my home's now worth three hundred, is my title policy only protecting me up to a hundred thousand? Really? So, okay, I didn't know that. So you should go get because I mean, yeah, I mean, it easily you owned your home for 20 years, your home's appreciated. Exactly. Yes, exactly.

SPEAKER_04 15:45

But so the title lock doesn't go, it doesn't grow with the appreciation in the home. So, folks, hey, we are all learning something here, and if you guys don't mind when we come back to segment two, I got um I wonder you touched on something, and I have a true story that I want to throw out there. So I have a guy that I know in um his name. Well, we'll get to it in segment two. We'll say for segment two. Folks, we're gonna be right back. We're gonna take a quick break. We're gonna recognize our sponsors. We can't thank them enough. We can't do what we do without our sponsors. We couldn't do without what we do with Preston over there uh helping produce the show and doing his editing. So, Preston, we thank you enough. Every we can't thank you enough, but uh we don't we don't thank you enough, I said I should say. So thank you for everything you do for the show, son. And uh folks, we we can't tell you how much we appreciate y'all tuning in and checking out the show. We're continuing to grow. This show started back in November, and we're uh picking up subscribers, and we want to continue to do so. So if you haven't hit the like button, please subscribe. Tell us what you think about the show, tell us what you'd like to see for uh future topics on the show. We certainly look at every email, we answer every question, and uh we make that a very uh important task that we do daily is check your messages because our listeners are important to us. So, hey, to keep listening, let's give our sponsors a moment of their time and we'll be right back. When HVAC professionals in Columbia, South Carolina need a trusted supply partner that they can count on for high quality HVAC equipment, parts, and accessories, they look no further than Columbia Winair. They supply everything contractors need to keep homes and businesses comfortable, from heating and cooling systems to all essential components, fast, reliable, and ready for any job. With top brands, expert guidance, and customer-focused service, they make every installation and repair run smoothly. For dependable HVAC solutions in Columbia, South Carolina, call or visit Columbia Win Air Today, the Supplier Professionals Trust. Call them at 803-744-0880. Again, that's 803-744-0880. Homeowners, why should you settle for an all or nothing approach to your heating and cooling? When precision and comfort matter, Professionals Trust XDI zoning, proudly manufactured in Texas. They design high-quality zoning systems that give homeowners and businesses complete control over their heating and cooling needs, improving comfort and efficiency throughout every space. With durable, reliable products and innovative technology, they make it easy to optimize energy and maintain consistent temperatures year-round. For trusted USA-made zoning solutions, choose XCI Zoning. Check them out at XCIZoning.com. That's xizoning.com for all of your comfort needs. All right. Welcome back, folks. Thanks for staying tuned. So, hey, um, John, you you brought up an interesting story, and I'm gonna keep the person I know that is going through a similar situation, name anonymous, but it happens to be up in North Carolina. And um, I went to school with this guy. Um, we graduated the same year. And the funny thing is, is he's one of these that gets on Facebook and lets everybody know his business, whether you want to or not.

SPEAKER_00 19:18

Um we all know someone like that.

SPEAKER_04 19:21

So I've been kind of following the situation because to me it's entertaining. I've actually wanted to reach out and say, dude, chill out a little bit, you know, just calm down. You know, not everybody's interested in everything you do. But uh but hey, it's it's it's kind of humorous in the point that what you mentioned was a similar situation that he's dealing with. His girlfriend lived in a home back in the back from what I gathered on in this story he tells, and then family up front is turning off his well water to his well, trying to brock where they can't get down the road. I mean, just doing all kinds of um, you know, hiatus to try to make it difficult for them when, you know. So touch on that a little bit.

SPEAKER_00 20:07

How would you, Leslie, how would you handle that as a lawyer? Like, what like what could somebody do if their you know easement is being disrupted or being impeded?

SPEAKER_02 20:16

So you have a right, if you have an easement to a piece of property, you have a right to use that easement. You cannot be cut off, you can't you can uh revoke the easement, you can say, I don't need it anymore, and you know, sign your rights away to the easement, but you cannot have your easement interfered with. You have a right to quiet and peaceful enjoyment of your easement to your property. So um, if that were to be the case, you could definitely bring in action um the a lawsuit against the person who's keeping you from being able to use your property, tortuous interference with property. Um so you would be able to uh either sue, uh, you could probably get damages for that, you know, you could you could get um some sort of damages against the home or against the property owner for uh not allowing you to use your easement as as you should.

SPEAKER_01 21:08

Really?

SPEAKER_00 21:09

Now what's the craziest like lawsuit situation that you've ever been a part of as it relates to real estate, uh if any, you know, so I don't I don't do real estate litigation.

SPEAKER_02 21:21

Right. Um I do solely closings. However, my boss, uh or my former boss, Brian, uh loved to sue HOAs.

SPEAKER_03 21:29

Really?

SPEAKER_02 21:30

Mm-hmm. So another thing that a lot of people in South Carolina don't know is HOAs have a huge priority in South Carolina. They have a ton of power. So um if you do not pay your HOA dues, the HOA has a right to foreclose on your house.

SPEAKER_01 21:46

Really?

SPEAKER_02 21:47

Take your house away. Um, leave you with a mortgage to the house you don't own anymore. And then when you stop paying that, the bank will come foreclosing you again. It's called super priority. They come in, they come ahead of the bank, even, uh, the or the lender, the you know. That you owe your loan to. Is it certain HOAs or just All HOAs as long as the covenants allow it? Um so he uh Brian actually made it to the uh South Carolina Supreme Court and overturned South Carolina law, had it rewritten um for an HOA that sued uh or excuse me, foreclosed over um or foreclosed on our the client's house over, I believe three hundred dollars in HO radios.

SPEAKER_01 22:29

Oh really?

SPEAKER_02 22:30

Yeah. Wow. And when they obtained the house, um, you know, they obtained something crazy in equity, like a hundred, hundred thousand dollars, two hundred, hundred fifty thousand dollars in equity. Um and so, you know, there is the the law was rewritten in South Carolina actually for HOAs uh to make sure that the equity that you obtain is, you know, balanced, a balanced ratio compared to what the HOA dues were that were lost.

SPEAKER_04 23:02

It was interesting.

SPEAKER_00 23:03

Yeah, like if you if your home appreciated in value, but you you know, like I had a situation uh where a friend of mine's father just you know dementia and just not just not there, so he stopped paying the HOA and they did foreclose on him. But when they went to the foreclosure auction and it sold, because it I mean it was a nice home that you know it sold, he got he got a big check. Really? I mean, it was basically it w it was he probably could have made more if he had gone to the open market, but he got a big check. And like I so I mean, in the very least, I mean, at least that sounds like that's maybe what Brian was able to change about the law, because otherwise, if the HOA could take you for 300 and then and take a $300,000 home, that's yeah, exactly.

SPEAKER_04 23:45

That is something. Do you um I had a question for you, Leslie? Do you see I see you see it on TV more commonly now? People are advertising about where people can actually take your home or they sign a take your title, take your title.

SPEAKER_02 23:58

Title theft. Is that really a title fraud? I have not personally seen it happen. Um, I have seen there are companies that will basically kind of like lock your lock your title, kind of like you lock your credit if you don't want your credit to be used. Um it is a huge hassle if you need to have it removed. Sure. Um, you know, to do a refinance or a purchase, you know, something like that. You it's a huge hassle to have it removed. So um I have not personally seen it. I know it has happened. I've not personally seen it. Uh a lot of times it happens on uh vacant properties, like vacant, vacant lots. You know, person's out of town, someone's able to take it, you know, forge their signature and sell the property.

SPEAKER_00 24:39

That's crazy. It is crazy that like you can record a deed and there's all all that it really needs is a signature and a notary and it can be recorded.

SPEAKER_04 24:50

Really? Is that is that the same in South Carolina? Yeah. Or is that is that is that across the country or is that it varies across the country.

SPEAKER_02 24:58

In South Carolina, you have to have a notary and two witnesses.

SPEAKER_04 25:01

Really. But if it's someone's being facetious, they could forge everything, right? Correct. Yeah.

SPEAKER_00 25:08

I mean, everything can be forged to or use you know you use your in-cahoots with a notary. I mean, you do have to have a legit notary, but I mean Yeah, but the notary is you know, maybe a part of that fraud. Yeah, that would be probably not too hard to convince a notary to do. You know, like, hey, uh this vacant piece of property that nobody seems to care about. Yes, it's free and clear. Let's take it, act like it's ours, and sell it.

SPEAKER_04 25:33

Sure. And Leslie, this I'm gonna open it up for you now. A little bit talk about something that maybe I don't have questions for. I know you said we talked about something a little bit so um, you know, bring up a topic that you want to talk about, second mortgages maybe, or anything that you want to discuss on the show, uh, so that people also know what you guys can offer or or you know, where you guys can be beneficial. Sure.

SPEAKER_02 25:57

Sure. So um second mortgages and refinances are kind of our bread and butter. Like we do purchases, purchases are great. Um, purchases make more than second mortgage, you know, financially make more for than second mortgages and uh refinances for us, but second mortgages are something we are able to turn around very quickly. Um and as you know, any sort of refinance, HELOC, anything like that, home equity line of credit, anything like that, um, we're able to usually turn it around very quickly and um get that done, you know, in a pretty timely manner.

SPEAKER_00 26:31

Now, if somebody owns their home, they've been paying their mortgage for a period of time, they're so they pay down the balance, the home is appreciated a little bit as well. So now they've got this gap of equity that they can tap into. How does the mortgage insurance on a second loan work? Like, like if you're doing a policy for the second loan, is is there insurance on that second loan as well? Or is the interest already covered on the first loan? And so they don't really need it on the second?

SPEAKER_02 26:58

Mortgage insurance, like uh title insurance, sorry. Title insurance. So you don't have a title insurance policy on a second mortgage, do you have a title insur title opinion? Which is basically just a condensed version of a title policy saying here's what's on the policy.

SPEAKER_04 27:11

Yeah, really. What comes what comes into play when you do like flood insurance or floodplains? Does that do you guys get involved in flood like writing insurance or policies? Or do you know I do not. Is it more difficult to for you guys to close a home if it's on a floodplain?

SPEAKER_02 27:28

Usually it's these hard more difficult for the lender to close a home. Really so small.

SPEAKER_00 27:32

Yeah, that's uh I can speak to that a little bit. So there's obviously a flood certification that occurs on every home and that you know that taps into the federal zonage you know, classification or whatever. And then so, you know, based on whatever class that home falls into, then you gotta go get a flood policy, which is different than hazard insurance um or homeowners insurance, that is your typical, you know, just catastrophic damage insurance. This would actually also cover flood now. But um, and the interesting thing about that is um so the lender makes the buyer go do that, um, but that falls outside of escrow. So typically people are escrowing taxes and insurance in with their mortgage, and um, you know, then the lender collects that and pays it when it's due. Well, the flood is not paid that way, the flood is paid separately. Also, like HOA, the HOA is played paid separately outside of anything that the lender would be involved in. So it is I mean, there are people out there who don't have a mortgage, so they were never required to get flood insurance, or at least they maybe they were when they bought it, but now that they paid it off, they don't need it, and so they let it lapse. But they're home sitting in a floodplain.

SPEAKER_01 28:36

Right.

SPEAKER_00 28:36

And if some flood came through and their home is damaged from it, they would have no coverage. So it's uh just an interesting thing to consider.

SPEAKER_04 28:44

And we discussed this one morning. For those of you who do not know, and if you don't have flood insurance on your home, it's a small I mean, it doesn't cover uh Leslie, was that you that brought that up one morning we talked about it, or was it, you know, I know somebody in the group we had when we had our meeting had talked about if you have a flood and you're not insured for it, you're pretty much in debt for the whole house. Is that right? Am I wrong on that? Or was there like well, I would say, you know, it's a small percentage, even if you got the insurance, and you've still got to pay a high deductible. That's where I'm getting at. I think what you're talking about was earthquake insurance. Yeah, earthquake insurance. That's what it is, earthquake insurance.

SPEAKER_00 29:23

We've been having all these earthquakes, so that came up with like you know, how do I cover my home? And the earthquake insurance is super cheap, but the deductible is like 10% of value.

SPEAKER_04 29:33

Yeah, so like if you got a $300,000 home, your your deductible is gonna be $30,000. And who has thirty thousand dollars sitting around? Is there any way and you can't really insure for more? I mean, if you want to you're you're still gonna be with stuck with ten percent regardless, right? I mean, there's no way around it.

SPEAKER_00 29:53

I guess so.

SPEAKER_02 29:53

I believe so.

SPEAKER_00 29:54

Yeah, I don't think there's much. I mean, unless someone comes out with a better insurance coverage, but we don't have, you know, I I uh I don't have enough knowledge.

SPEAKER_04 30:02

We'll have we'll have to get Kevin on and yeah, we we we really should. I mean that that's that's an interesting question. And you know, we're having more and more earthquakes more frequently here in South Carolina. I mean, uh I don't know if you guys where you guys are watching from, but uh if you haven't ever l experienced an earthquake, and certainly I hadn't until a few years ago, really, you know. And I mean now we're we're have we've had quite a few earthquakes here recently where you hear it and feel it. And you know, I I remember um you know one of my friends, he his his when he felt the earthquake, he said that it left structure damage right above where ceiling meets the uh the wall and everything. Yeah. So I mean, you know, earthquakes can cause a lot of damage. I mean a lot.

SPEAKER_00 30:48

Yeah, as as can floods. And so again, like if you're allowing your you know, homes in a flood zone not to be insured, man, you're you know, and you owe especially if you owe anything on it, and then a flood comes through, like you have to move out, you have to, you know, repair things, um, you know, that's all out of pocket.

SPEAKER_04 31:05

Yeah, that's crazy. That's crazy. So, folks, I am learning a lot tonight. You know, we're taking a break from the trades that we normally talk, and we're talking to some very intelligent, intriguing people that know their industries. Uh, and I'm certainly learning a lot. Um, but I wanted to ask you, Leslie, before we go to break here, what what made you want to be a real estate attorney? What got you interested in the law?

SPEAKER_02 31:29

Okay, so I was never supposed to be a lawyer. Um I was a music major in Green. College. Yeah. I um I played a violent. I play vi I play a violin.

SPEAKER_04 31:41

Okay, I was a drummer.

SPEAKER_02 31:42

Mm-hmm. I was a music major in college my first year and realized that I hated teaching. I was gonna be an orchestra teacher. I'm like, man, I don't like teaching kids. And so I had like a you know, what do I do with my life? like conversation with my dad. And um he said, Well, you like to argue all the time, we should just go to law school.

SPEAKER_01 32:02

That's funny.

SPEAKER_04 32:04

Was he right about that?

SPEAKER_02 32:06

He's right, yeah, absolutely. Absolutely.

SPEAKER_04 32:09

That's funny.

SPEAKER_03 32:09

That's crazy, that's incredible.

SPEAKER_02 32:11

So um, so that's why I went to law school. And if you had told me in law school I would be doing real estate law, I would have dropped out and done something else. I hated it. Absolutely. It was my least favorite subject in school. Um it uh and then when I hi when I got hired onto Brian's office, um he was looking for a foreclosure defense attorney. Brian also helped people out of foreclosure.

SPEAKER_03 32:36

Right.

SPEAKER_02 32:37

Um, so and he was one of the only people in the state, one of the only attorneys in the state who does foreclosure defense instead of just foreclosing. So um I, you know, applied to be his foreclosure defense attorney. I was like, this is a really fulfilling job, like go to bed knowing you're helping people out. Um, and then he hired me and you know said, I'll see you Monday. Also, you're gonna be a real estate attorney. Bye.

SPEAKER_04 33:02

It's pretty straightforward. Yeah.

SPEAKER_02 33:04

Okay. This is not what I hired for. Um, but you know, I've really it I've come to absolutely love it over the years. It is completely different in practice than it was in school. I meet all kinds of amazing people um with amazing experiences. So it's a it's been an amazing job.

SPEAKER_04 33:23

It's incredible. All right, folks. Well, we're gonna be right back, segment three. I know you always uh hold on to your seats to see if you've won the uh lucky prize or you're the lucky winner. So we're gonna come back, we're gonna spin that wheel. And uh last week Wayne Castle was our winner. So congratulations, Wayne. We you and I have conversed since then, and we'll be getting your uh gift card out to you, and we're gonna do the same thing tonight. But folks, we will ask you, please, ask your friends to subscribe to the show, tell them the opportunities, and um, you know, we appreciate it if they leave a comment, let us know where they're watching from, ask a question, uh, those type things. But uh we like I say we can't thank you enough, and we'll be right back. We're gonna spin the wheel tonight. And let's see, Leslie, you're in the hot seat tonight. We have one rule. Has to go all the way around like the wheel on the price is right. I don't think you'll have a struggle with that. So, folks, we'll be right back. Thank y'all for watching. Folks, moisture under your home can lead to mold, wood rot, and poor air quality. That's why contractors in the Southeast rely on crawlspace repair. They design and produce high-quality crawlspace encapsulation systems and moisture control solutions built for long-term protection. Their products are engineered for durability, energy efficiency, and healthier homes from the ground up. Protect what's beneath your home with trusted crawlspace repair products serving South Carolina and the Southeast. Check them out today on the web at crawlspacerepair.com. That's crawlspacerepair.com. When performance matters, professionals choose quality that they can trust. That's why contractors across the country rely on PTU's line sets. They produce high-quality American-made line sets built for durability, efficiency, and dependable performance in the field. Their precision manufacturing process ensures consistent sizing, clean connections, and products designed to save time on every install. Whether it's residential or commercial applications, they deliver the reliability HVAC professionals demand, backed by strong customer support and fast turnaround times. To learn more, check them out at ptubesinc.com. That's ptubesinc.com. All right, folks. Hey, been a great episode. I've certainly enjoyed the conversation here. I've learned a lot, so I didn't realize how much of an idiot I was when it came to real estate, but I am finding out I was quite the idiot. You guys are just enlightening not only me, but hopefully out there in our listening world as well. And we're finding out some interesting stuff. So, folks, uh, what we're gonna do here in closing, uh, before we close, is uh I'm gonna let John talk a little bit because John has got something exciting that he's got. Did you recently start this, John?

SPEAKER_00 36:12

Or yeah, so uh, you know, one of the things that you know when you do loans for so many years, you talk to people, not everyone's ready, right? And whether they're working on credit, working on savings, maybe there's just not the right time, but they they're trying to prepare, and and when their lease ends in in six months, they want to be ready, right? So I started this um TikTok channel and uh where I'm giving just advice, um, speaking to how to apply, how to prepare, what you need to consider with credit, what you need to consider with savings, how you calculate debt to income ratios. And and oftentimes when I'm talking to someone and and it's clear now's not the right time, I'll I'll I'll I'll give them the instructions on how to get ready and and what they need to do over the next six or twelve months. And then I'll say, and by the way, follow me on TikTok at John Burkert, um, which John is spelled J-O-N, and then Burkert is spelled B-U-E-R-K-E-R-T. So if you look up B-U-E-R-K-E-R-T with J-O-N in front of it, I'll be the only one. I promise you. You will find me and you follow me, and um, I give great mortgage tips. I gave great spine tips.

SPEAKER_04 37:20

That's awesome. And who can't use that, especially in today's world where you know, things, you know, AI, they say it makes things easier. I've I've combated it a little bit, but you know, I'm starting to embrace it more in what I do. But, you know, uh, folks, you know, when you're looking for somebody genuine that's out there, really sincerely stands behind their words when they say they want to help you. This is the dynamic duo right here. You've got John with uh the mortgage business, and you've got Leslie here, an attorney. So we'll just call them the dynamic duo of buying a house or getting a second mortgage, because you guys can help people across the board. And I think your services would be much appreciated too a lot watching out there in the listing world. So give these guys a call with John. Before we go, tell everybody where they can reach you at again.

SPEAKER_00 38:09

So um certainly you can call me anytime, 803-261-7851. Um, and then also, like I said, on my TikTok page. Um, you can look me up as well, just my reviews, my uh, you know, my basic cross-country mortgage website. Um, my email will be prominently featured. Um, so yeah, absolutely. And for those of you who want to do refines, uh, because maybe you've got a big project coming up, you want to, you know, install the pool, as we said, or maybe you've got to do a you know massive repair of some sort, and you know, you know who's sitting on 50 grand to do this, right? So so we can tap into the equity easily, quickly. We'll use Boger and Peters for uh the quick title turns, like basically a week, and get you uh get you your money quickly so that you can not uh get you know get that money in the hands of your subcontractors and get your work done.

SPEAKER_04 38:59

That's awesome. That's awesome. So, folks, now we're gonna turn it over to Miss Leslie. And um, Leslie, thank you for being on the show tonight. Absolutely. Thank you for the invite. We would love to have you again. So uh, but listen, uh Leslie, tell everybody out there what how they can get in touch with you and where uh where you're located, whatever information you want folks to know about you guys.

SPEAKER_02 39:22

Sure. So um again, the firm name is Boger and Peters. Um you can find us on our website at bogerandpeters.com. Um, you can send us a contact submission through the website. If you need my email, give me a call. It's very long. Our number is 803-252-2880.

SPEAKER_04 39:43

That's great. One more time for folks.

SPEAKER_02 39:45

803-252-2880.

SPEAKER_04 39:49

I just wanted to see if I could slow you down. You're always on a roll. So I said, I'm gonna see if I can slow down that one time. So, folks, hey, we're gonna spin that prize wheel. We'll go ahead and cross my fingers for some lucky winner out there tonight. Some lucky listener is gonna win a prize. Who knows what it could be? So we can uh uh pull this out here. Let's see if I get the right one. We got one here. Yep, got the right one, and uh, we're gonna spin the wheel, and we're gonna let Miss Leslie do that, have the honors tonight. And John's gonna sit where I normally sit. He's done this last week, so he's got experience. So y'all judge him, see how he does. Uh let him know, you know, in the comments. Hey, John did a good job, maybe uh so just give us some feedback, comments. So uh Leslie, I'm gonna head over there. So, folks, y'all stay tuned. We're gonna do the fun part y'all been waiting for. We'll be right back. All right, is that time we're waiting for? Hey, the countdown is on. So, John, you're in the lucky seat. What's the guy that was on the prices right for all those years? Bob Barker. Bob Barker, you're Bob Barker tonight. So you gotta make sure Leslie does the wheel right and spins it correctly. It's gotta go around one. Hey, I'm not I'm gonna shut up. You're Bob Barker right now, my friend.

SPEAKER_01 41:01

Leslie, let's let's see a good spin, a solid spin. Okay. All right. Nice. And we are on the Core Scope T-shirt. A Core Scope T-shirt. All right. So I've got mine. Here, Emmy the Leslie has her in the week. All right, all right. By the way, who makes those? Those are that's a solid like little spin case. Um yeah. Go ahead. The lucky winner is Tracy Hewitt.

SPEAKER_04 41:38

Tracy Hewitt. Congratulations, Tracy. Hey, thank you for being a subscriber and watching the show. Thank you for leaving us a comment. And uh, hey, what you've got won a Core Scope t-shirt. I hope you'll sport that and be proud to wear it. So listen, that is tonight's show. What a pleasure this has been. And we just uh we ask you to tune back in next week and uh continue to watch what's coming. We've got a lot of exciting things in the pipeline, so y'all don't go anywhere. And we'll stay tuned on a 3-2-1. I'm gonna turn it over to Leslie and John, and that's good night from us, guys. 3-2-1. Good night.