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KSL.Com > KSL Radio > Small Biz Center >
Speaking on Business
Fred Ball Speaking on Business
Each weekday on KSL Radio 1160, Fred Ball of Zions Bank highlights a Utah business -- from small home based businesses to large Utah based corporations. Access the latest "Speaking on Business" report below. More info on Speaking on Business
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Northern Title -- October 15, 2007
This is Fred Ball for Zions Bank, speaking on business.
Nothing can compare with the excitement of purchasing a new home. Some years ago, my wife, Joyce and I downgraded from a large home on the Avenues to a smaller, gated community condominium. We assumed that we had purchased our last home. However, just three years ago, I found and bought a new, larger home - much bigger than we really need- but one that we both loved. The process went smoothly for us, but I know it isn't always that way.
When you're buying a new house or property, the last thing you want to discover is that the property has a complication you were unaware of, which may affect your purchase. Northern Title seeks to protect buyers from such situations.
The company performs title examinations on real estate records and issues title insurance policies for buyers, sellers and lenders along with performing escrow closing work. Another service available is IRS 1031 exchanges, which make it possible for one property owner to sell real estate and purchase a different piece of real estate, and thereby defer the payment of federal income taxes.
Northern Title president Jay Davis started in the business as a title searcher in 1978 to support himself while attending college. He worked there for several years before the previous owners divested interest in it. By 1985, Jay and his brother, Paul, acquired Northern Title and have owned and operated it ever since.
Until 2000, the company had only one office in Logan. Since that time, it has expanded and now has 11 offices and 53 employees across Utah, Idaho and Wyoming. A major contribution to Northern Title's successful growth is the fact that its customers know that their most valued assets are protected, and they recommend Northern Title's services to friends and family.
With the current national real estate slump, many companies are floundering. However, Northern Title continues to expand, which Jay attributes to staying the course and surrounding himself with highly-qualified employees.
For Zions Bank, I'm Fred Ball. I'm speaking on business.
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Full Archive...
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