Partner Margaret Glass will give a presentation on title insurance at the Preservation Resource Center as part of the “Buying a Renovation: PRC’s Buy Right Class.” The two-night course will focus on how to purchase a historic home in need of renovation in New Orleans. The goal of the class is to provide a basic knowledge base to evaluate a property, determine feasibility, and provide current information about financing and insurance. This course will enable participants to minimize complications and maximize their budget by learning from professionals with years of experience.
Margaret will present during the Financing and Insurance course on March 14. Her presentation will provide information on understanding your title insurance commitment and preparing for closing.
In 2022, Margaret participated in a panel discussion on “Due Diligence,” the third event in the “Vision to Reality” series on commercial development co-presented by the PRC and Commercial Real Estate Women of New Orleans. Margaret serves on the Board of Directors for the Preservation Resource Center and is also a member of the PRC’s Executive Committee.
Watch Margaret’s Due Diligence presentation >
PRC’s Buy Right Class: The Details
The Buy Right Class will be held at PRC headquarters at 923 Tchoupitoulas Street on March 7 and 14 from 5:30 to 8 p.m.
March 7: Pre-purchase and Historic Districts
How to purchase a historic home. This session includes information on finding a bargain, evaluating a property for purchase, understanding an inspection report, and avoiding pricey pitfalls. (60 minutes) Presenters: Katie Witry, Owner/Associate Broker, Witry Collective; Kate Kancheva, Associate Broker, Witry Collective
Is this property right for you? This session provides information on permits, historic districts, variances and appeals. (60 minutes) Presenter: Eleanor Burke, Deputy Director, New Orleans and Central Business District Historic District Landmarks Commission
Q&A with all presenters (30 minutes)
March 14: Financing and Insurance
Financing your project for success. This session covers qualifying for a loan, securing insurance, closing timeline, costs/fees, acceptable repairs, approving funds and dispersing money. (60 minutes) Presenter: Ryan Rouhana, Loan Advisor, Eustis Mortgage – formerly with Flagstar Bank
Understanding your title insurance commitment and preparing for closing. (30 minutes) Presenter: Margaret Glass, Partner, Steeg Law Firm
Securing and understanding homeowner’s insurance premiums and benefits, flood zones and flood insurance. (30 minutes) Presenter: Robert Stone, Managing Director, Stone Insurance Inc.
Q&A with all presenters (30 minutes)