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E & O Question - Wayne /OH
11/2/2011 8:10:17 PM (2900 views)
Re: E & O Question - Robert Franco/OH
11/3/2011 9:56:21 AM (3569 views)
Re: E & O Question - Nancy Walker/AZ
11/7/2011 11:21:10 AM (2959 views)
Re: E & O Question - Robert Franco/OH
11/7/2011 1:27:15 PM (5884 views)

Jeaz... - Slade Smith/OH
11/2/2011 4:18:56 PM (4628 views)
Re: Jeaz... - Leigh Attridge/MA
11/2/2011 4:44:27 PM (3179 views)
Re: Jeaz... - Jessica Talley/FL
11/2/2011 6:50:07 PM (3193 views)
Re: Jeaz... - Anita Backlund/MN
11/2/2011 7:36:37 PM (3266 views)
Re: Jeaz... - Tony Costa/LA
11/4/2011 9:04:58 AM (3054 views)

Lost another one. - Dan Zook/CA
11/2/2011 1:31:09 PM (3307 views)
Re: Lost another one. - CHARLENE  PERRY/MD
11/2/2011 2:48:24 PM (3608 views)
Re: Lost another one. - Dan Zook/NY
11/2/2011 3:52:54 PM (3588 views)
Re: Lost another one. - Nils Nelson/ME
11/2/2011 5:44:57 PM (3600 views)
Re: Lost another one. - Brenda Summerlin/FL
11/7/2011 7:06:37 AM (3348 views)
Re: Lost another one. - Leigh Attridge/MA
11/2/2011 4:47:08 PM (3596 views)
Re: Lost another one. - Barbara Bennett/IN
11/7/2011 5:10:14 PM (3170 views)
Re: Lost another one. - ER/FL
11/16/2011 1:16:12 PM (3445 views)
Impossible - Bay Area Abstracting - William Pattison /CA
11/7/2011 7:56:15 AM (3436 views)
Re: Impossible - Bay Area Abstracting - john franz/NJ
11/7/2011 10:35:37 AM (3265 views)
Re: Impossible - Bay Area Abstracting - William Pattison /CA
11/14/2011 12:24:43 PM (3312 views)
Re: Impossible - Bay Area Abstracting - Dan Zook/NY
11/15/2011 9:10:08 AM (3439 views)
Re: Lost another one. - Clayton Griffith/TN
11/7/2011 11:32:24 PM (3230 views)
Re: Lost another one. - Paige Dunn/GA
11/19/2011 12:29:38 PM (3233 views)

Interesting Reading - Kevin Ahern/CT
11/1/2011 10:54:12 AM (4511 views)
Re: Interesting Reading - Leigh Attridge/MA
11/1/2011 11:22:36 AM (3292 views)
Re: Interesting Reading - Kevin Ahern/CT
11/1/2011 11:45:09 AM (3303 views)
Re: Interesting Reading - Slade Smith/OH
11/1/2011 11:44:48 AM (3166 views)

The Multistate Settlement Lottery: Bupkis - Leigh Attridge/MA
10/31/2011 2:07:55 PM (3981 views)


Real Title Services


Comment on "The Abstract Solution Announces Agency Platform" - Source of Title/OH
10/31/2011 9:54:22 AM (2831 views)
Let's cut the abstractors out of the picture - Mark Pierson/FL
10/31/2011 9:54:22 AM (6340 views)
post deleted. - Slade Smith/OH
10/31/2011 1:40:10 PM (6196 views)
Re: Let's cut the abstractors out of the picture - Matthew Einheber/PA
10/31/2011 5:10:50 PM (6148 views)
Re: Let's cut the abstractors out of the picture - Anita Backlund/MN
10/31/2011 5:43:19 PM (6114 views)
Re: Let's cut the abstractors out of the picture - Kevin Ahern/CT
11/1/2011 7:29:01 AM (6180 views)
Re: Let's cut the abstractors out of the picture - Anita Backlund/MN
11/2/2011 7:33:21 PM (6103 views)
Re: Let's cut the abstractors out of the picture - Kevin Ahern/CT
11/3/2011 10:24:03 AM (6314 views)
Re: Let's cut the abstractors out of the picture - Matthew Einheber/PA
11/3/2011 10:45:00 AM (6233 views)
Re: Let's cut the abstractors out of the picture - Gerry Scott/TN
11/1/2011 4:36:05 PM (6108 views)
Re: Let's cut the abstractors out of the picture - Matthew Einheber/PA
11/3/2011 3:53:21 PM (6076 views)
Its a solicitation list - Gerry Scott/TN
11/3/2011 10:09:31 AM (6346 views)

Is the jig up for MERS? - Leigh Attridge/MA
10/31/2011 8:27:00 AM (3963 views)

Service1st, Service 1st, Service First, Valuenet - David Marks/VA
10/29/2011 10:31:22 AM (2922 views)
Re: Service1st, Service 1st, Service First, Valuenet - Bruce Lutz/PA
10/31/2011 10:51:03 AM (3345 views)

Mortgage regulator, Edward DeMarco, at home with criticism - Leigh Attridge/MA
10/27/2011 8:06:31 AM (3860 views)

Comment on "Another Big County Goes After MERS Back Fees" - Source of Title/OH
10/26/2011 7:00:19 PM (2741 views)
MERS - J. H./OH
10/26/2011 7:00:19 PM (4897 views)

Rasa Solutions - Bridget Marinelli/PA
10/26/2011 10:41:11 AM (3414 views)
Re: Rasa Solutions - rod hefner/KS
10/26/2011 11:11:47 AM (3572 views)
Re: Rasa Solutions - Bridget Marinelli/PA
10/26/2011 3:40:25 PM (3492 views)
Re: Rasa Solutions - rod hefner/KS
10/27/2011 7:33:55 AM (3633 views)
Re: Rasa Solutions Kudos for Rod Hefner - Kym/NJ
11/2/2011 10:15:26 AM (3668 views)
Re: Rasa Solutions - Denise DeMattei/CA
10/26/2011 12:57:08 PM (3467 views)
Re: Rasa Solutions - Rebecca Cowart/MS
10/26/2011 1:32:02 PM (3403 views)
Re: Rasa Solutions - Bridget Marinelli/PA
10/26/2011 3:45:05 PM (3561 views)
Re: Rasa Solutions - Bridget Marinelli/PA
10/26/2011 3:43:03 PM (3363 views)
Re: Rasa Solutions - Rebecca Cowart/MS
10/26/2011 4:14:54 PM (3424 views)
Re: Rasa Solutions - Bridget Marinelli/PA
10/27/2011 9:20:39 AM (3793 views)
Re: Rasa Solutions - Rebecca Cowart/MS
10/27/2011 4:26:42 PM (3840 views)
Envelope Icon - great for email! - Kym/NJ
11/2/2011 10:16:59 AM (3227 views)
Re: Rasa Solutions - Tony Costa/LA
10/31/2011 8:18:17 AM (3325 views)
Re: Rasa Solutions - Kym/NJ
11/2/2011 10:20:42 AM (3314 views)
Re: Rasa Solutions - Greg Weiss/IL
10/31/2011 7:51:54 PM (3358 views)

Congratulations Are In Order - Patrick Scott/IL
10/25/2011 8:45:54 PM (2286 views)

Surprise on Refi Revamp: Key Regulator Agrees to Reforms - Leigh Attridge/MA
10/25/2011 3:21:38 PM (3992 views)

Comment on "NAR: Existing Home Sales Edge Down in September" - Source of Title/OH
10/25/2011 2:24:02 AM (1957 views)

Comment on "Breaking the Tie-- or Not" - Source of Title/OH
10/24/2011 8:01:51 PM (2697 views)
What about the document numbers? - Daniel Silverburg/CA
10/24/2011 8:01:52 PM (3378 views)
CA underwriters - William Pattison /CA
10/24/2011 8:42:38 PM (3314 views)
Re: CA underwriters - Robert Franco/OH
10/24/2011 10:05:29 PM (3350 views)
Re: CA underwriters - Slade Smith/OH
10/25/2011 5:44:23 AM (7043 views)
Re: CA underwriters - William Pattison /CA
10/26/2011 2:17:42 AM (3256 views)
Re: CA underwriters - Slade Smith/OH
10/26/2011 3:21:37 AM (3251 views)
lien priority is your answer - William Pattison /CA
10/26/2011 3:01:26 PM (3434 views)

"My" explanation  is the industry standard:  8am setback time is used to assure the marketable title is passed in order to specifically check and verify lien priority WHILE preventing new, unindexed (yet) liens from taking superior position.

 Envision this:  a title company misses the 8am recording deadline and is, for one morning, forced to record 60 documents at the public counter (by check) at 8:15 am, in line with others.  Before those 60 documents can be individually reviewed by the Registrar's staff, the title agent must check the Grantor Grantee Indices of Official Records to ensure that no other liens have recorded in the past few days which is the gap period between title company records and the current county records.  

 In this scenario, 7 members of the public record documents.  Most likely they don't affect the subject 60 documents (which are probably about 25 property transactions).  However, in my scenario, one does and it acquires a 8:04 a.m. time stamp on a $2,000,000 lien.  Furthermore, to add insult to injury, a mechanics lien that has been sitting and awaiting processing in the county's backroom mail bin is picked up by "Larry" and recorded at 8:09 a.m. after he's had his morning coffee and settles down to his routine.  Finally, to really highlight the problem, another title company is recordng another mortgage paper the same morning at 8am.  That 8am mortgage is SAFE as it has a priority of time.  Your late title agent's package is subject wholly to a mortgage, a lien and a mechanics lien.  

This is why it's a race to the counter state:  It makes no sense that two contractors at 4:00 p.m. being served on different counters and getting identical time stamps and one other lien upstairs in the mail processed with the same time stamp are all equal in exact form.  This ruling fails to account for serial  numbers issued in  sequence.  Otherwise, what exactly is the point of issuing numbers in seuqence instead of randomly?

 Also, institutional wrongdoing does not create a lawful custom or tradition:  years of robosigning, forcing minorities to sit on the back of a bus,, or slavery does not legitimize illegal acts, any more than a  service providers' unwillingness to share names between title companies exempts them from liability for claims losses when one goes before another, otherwise I would not have spent 25 years being told by title officers to PULL files from the submission que at 8am, because we found other companies with open orders that needed to be recorded in proper sequence.

 

 

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But L.A. is Different... - Daniel Silverburg/CA
10/31/2011 8:23:32 AM (3210 views)
Re: But L.A. is Different... - Slade Smith/OH
10/31/2011 1:25:11 PM (5786 views)
Re: But L.A. is Different... - William Pattison /CA
11/7/2011 8:16:56 AM (3133 views)


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