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[-] Forbes at it again... another hit piece on title industry - Slade Smith/OH (5 replies)
6/4/2010 10:42:54 AM (4377 views)
Re: Forbes at it again... another hit piece on title industry - Scott Perry/PA
6/4/2010 2:10:08 PM (2895 views)

Thanks for the heads-up, Slade.  Haven't had a chance to view the article, but from what you posted, this sounds like another example of a writer with an ax to grind going off half-cocked without doing a little basic research.  If the author had bothered to gather a bit of background, s/he would know that the statement, "If you want to know who owns a piece of land, just grab the folder for it" is absurd on its face.  First of all, in most jurisdictions, (at least in Pennsylvania), it's the Assessment Department, not the Recorder, which maintains ownership records.  The Recorder is just the repository of real estate documents.  Secondly, the "folder" may tell you who owns the surface rights, but won't necessarily show ownership of oil/gas or minerals.  In some counties, subsurface interests aren't even subject to assessment.

I've thought for a long time that the current system of maintaining real estate records could be streamlined by combining the functions of some offices (as they have in Washington and Westmoreland counties) and introducing a unified system of recordkeeping statewide.  The latter isn't likely to happen anytime soon, but even it does, title insurance will still be necessary.  There are numerous examples of how title examiners and others in the title industry are an integral part of maintaining an accurate system of records.  Technology is a wonderful thing, but I believe that the current system is more than the sum of its parts, for the reasons you cited above.

Regards,
Scott Perry

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Re: Forbes at it again... another hit piece on title industry - Jessica Talley/NJ
6/4/2010 2:15:06 PM (2915 views)
Re: Forbes at it again... another hit piece on title industry - Slade Smith/OH
6/4/2010 3:03:43 PM (2856 views)
Re: Forbes at it again... another hit piece on title industry - Scott Perry/PA
6/4/2010 11:48:56 PM (2819 views)
Re: Forbes at it again... another hit piece on title industry - Leigh Attridge/MA
6/4/2010 7:43:12 PM (2761 views)

[+] Thanks Robert & Co... - monica froese/ME (3 replies)
6/3/2010 7:07:33 PM (3010 views)

[+] SO YOU WANT TO BE AN INDEPENDANT - CHARLENE  PERRY/MD (1 reply)
6/2/2010 2:33:39 PM (3311 views)

[+] Putting Customers on Hold - Abstractor/MI (16 replies)
6/1/2010 2:47:56 PM (3502 views)

[+] cfacts - F P/VA (3 replies)
6/1/2010 1:31:26 PM (3365 views)




[+] Update on an old blog post - Slade Smith/OH (5 replies)
5/27/2010 5:48:23 PM (4612 views)

[+] indepthsolutions - Joseph Kelley/MO (4 replies)
5/25/2010 8:00:50 PM (4029 views)

Elite Mortgage Solutions - Robin Ramberg/MI
5/24/2010 11:17:57 PM (3006 views)

[+] NREIS nat'l real estate info svs - kay morris/PA (21 replies)
5/20/2010 4:57:58 PM (5721 views)

[+] Court Doc Online Fees increase - William Pattison /CA (4 replies)
5/20/2010 2:16:13 PM (3424 views)

[+] Interesting read if you are interested in foreclosure - Slade Smith/OH (7 replies)
5/19/2010 11:06:40 PM (4960 views)

[+] Anybody Else Get A Message Like This? - Scott Perry/PA (15 replies)
5/19/2010 6:55:13 PM (3891 views)

[+] A little help in Alabama please - CHARLENE  PERRY/MD (2 replies)
5/17/2010 11:25:27 AM (3528 views)

[+] Diane Baker Abstracting ? - Jason Roush/OH (3 replies)
5/16/2010 10:01:23 AM (7832 views)

[+] Corporate Settlement Solutions - Karen /KY (18 replies)
5/13/2010 4:59:41 PM (7544 views)


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