“Option A is not available. so let’s just kick the s**t out of Option B.” Sheryl Sandberg

By | September 11, 2017

contingency photo

Imagine you’re a football coach and the game plan you drew-up is failing miserably or, at a minimum, just not getting the job done (think New York Jets and Giants)…

Or maybe you’re the CEO of a business and, what you thought would be a phenomenal strategic plan, has for any number of reasons just not panned out (think Yellow Cabs or Blackberry).

And what if, sadly and tragically as was faced by Sheryl Sandberg and a multitude of others, the person who you thought you’d spend the rest of your life with suddenly and unexpectedly dies?

Hopefully in all three of these situations and so many more like them, when Option or Plan A is no longer available or viable, you or the powers that be will implement and work Option or Plan B for all that it’s worth!

Assuming of course that there is an Option or Plan B…

The Oft-Quoted Plan B (or C or D…)

Interestingly enough when I saw this Sandberg quote today, I was brought back to something that we preach at Hallmark Abstract Service.

It has to do with the topic of title insurance vis a vis the 2008 financial crisis, and will most often be brought-up to real estate attorney’s and mortgage loan originators.

What we say is that there is an absolute need for those who are involved in transactional residential and commercial real estate or mortgage financing to always have a title insurance provider Plan B, C or D!

Why? Because if the financial crisis of 2008 (the year Hallmark Abstract Service opened its doors) taught us anything, it’s that who and what is available to you today may, for any variety of reasons, not be available tomorrow.

Of course this doesn’t mean asking people to give-up longstanding relationships with trusted partners.

But what it does mean is that as a part of any contingency plan for unexpected circumstances, a company leader will know right away where to turn for a seamless transition in the event that a trusted partner is no longer available to help.

And while we will hopefully never again be faced with the pain and dislocation that 2008 brought to most of us, if for some reason it does happen Plan B will be at your fingertips!

And if you happen to need a Plan B, C or D for title insurance, Hallmark Abstract Service would love to speak with you.

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