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 Join your OLTA colleagues at beautiful Lake Texoma Resort Park, Kingston, Oklahoma, July 25-26, 2003, and plan to attend the OLTA Summer Meeting. Deadline for hotel reservations at the OLTA rate is July 4.
Beginning Friday, July 25 at 1 p.m., there will be an accredited class offering four hours of continuing education approved by the OK Department of Insurance. The first two hours presented by Monica Wittrock, state agency counsel and underwriter for First American Title Insurance Company, entitled, Snidley Whiplash Meets King Kong, includes topics such as Judicial Mortgage Foreclosures: The Basics of a Foreclosure Acton, Explanation of the Oklahoma Judicial Foreclosure Process, Deficiency Judgments and Corrective Measures and Deeds in Lieu of Foreclosures.
 The second half of the class will be presented by Ed Hellewell, senior vice president and senior underwriter for Stewart Title Guaranty Company. Hellewell will be speaking on, Ethics, Claims and Bankruptcy Potpourri, including topics such as Bankruptcy Basics: Emphasis on Transactions in Chapter 11, Ethically Avoiding Claims with Prudent Underwriting and Ethics of Escrow Closings.
After the class, gather for a good old fashioned fish fry and refreshments at 6:30 p.m. at Willow Springs Hotel and Cafe, just a few miles from the Lodge. Diners will have a wonderful treat of some tasty fish caught by our own David Steed! It's sure to be a fun evening.
On Saturday, July 26, there will be an OLTA business meeting at 8:30 a.m., followed by two hours of continuing education class sponsored by Chicago Title Insurance Company. After lunch on your own, OLTA has arranged for those who are interested to have a fun afternoon on the lake from 1 p.m. — 5:30 p.m. on the Cat's Meow charter boat sponsored by Fidelity National Title Insurance Company. It's a great way to have a relaxing afternoon in the sun! Be sure to indicate your interest on the registration form, as we will need to have an accurate count to reserve the boat.
Finally, cocktails at 6:30 p.m. followed by a Lake Texoma Summertime Dinner at the beautiful Texoma Lodge — what more can you ask for to end a fun-filled and educational weekend?
Just For the Kids
Again this year, OLTA is pleased to offer fun, supervised activities for kids 4-12 years old on Friday and Saturday. Plan to have your kids join in playing games, arts and crafts and other neat stuff! Be sure to include the age of your kid(s) on the registration form.
Accommodations
Please make your room reservations by calling Lake Texoma Resort Park direct at 580.564.2311 or toll free at 800.528.0593. The OLTA room rate is $60 + tax for a single room. Deadline for room reservations at the OLTA rate is July 4, so make your reservation today. Registration information was mailed under separate cover recently. However, if you've lost your registration form, just contact the OLTA office at 405.840.1944. See you at Texoma.
Webmaster's note: This article was received July 14.
Quote Unquote ... The Other Shoe?
Homeowners across America are waiting for the other shoe to drop. At dinner tables and in carpools, there's a theory making the rounds that bubbles in home prices tend to peak a couple years after stock prices. But, is a massive real estate fall-off really lurking around every corner?
Boston and San Jose have experienced sharp price increases and sharp decreases. Boston home prices rose 38% between 1984 and 1985, fell 12% between 1990 and 1992, and doubled between 1995 and 2002. San Jose prices rose 36% between 1999 and 2000 and fell 11% between 2000 and 2001, then rose again 7% between 2001 and 2002. Changes like these attract public attention and talk, and build a speculative culture that will last there for years.
But, it is most unlikely that there would be a nationwide drop in home prices. With available data of the last few decades, there has never been a nationwide price drop. There are too many places with a history of home prices tracking construction costs, and of real estate markets that are dull and consistent. It is only the high-flying cities that need to worry about a real estate bubble.
From Safe as Houses? by Robert J. Shiller, The Wall Street Journal, December 17, 2002
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