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[+] Bertrum Group does not pay - Donna D'Amore/PA (12 replies)
4/21/2008 10:16:56 AM (4783 views)

[+] New Web Site - Slade Smith/OH (11 replies)
4/19/2008 11:03:47 PM (3626 views)

[+] United One Resources?? - Deborah Zitelli/PA (4 replies)
4/17/2008 8:05:19 PM (3960 views)

[+] Cutting Expenses... - Robert Franco/OH (6 replies)
4/17/2008 9:51:07 AM (3384 views)

[+] How to Get Paid - Cheryl O'Brien/VA (8 replies)
4/16/2008 12:18:14 PM (3503 views)


Real Title Services


[+] Housing Strain Felt Throughout EU - Jarrod Clabaugh/OH (4 replies)
4/14/2008 3:51:35 PM (4875 views)

[+] "Claims Made" E&O Insurance - Cheryl O'Brien/VA (4 replies)
4/14/2008 11:29:04 AM (3464 views)

[+] Uncertified Special Assessments? - Michaela Urban/OH (8 replies)
4/14/2008 9:48:14 AM (3635 views)

[+] Service 1st Valuation & Settlement - Phil McLean/CO (8 replies)
4/11/2008 11:18:03 AM (5362 views)

[+] Cystic Fibrosis Event ~ Pittsburgh, PA - Jason Sheppard/PA (2 replies)
4/11/2008 7:04:07 AM (5385 views)

[-] Just an idea and how hard would it be? - Jay Duncan/MO (5 replies)
4/10/2008 11:13:32 AM (3367 views)
Re: Just an idea and how hard would it be? - Robert Franco/OH
4/10/2008 12:14:34 PM (4078 views)
Abstractor Paid & Listed on HUD-1 - Bobbi Shorthouse, Notary Public/CT
4/10/2008 12:57:27 PM (4190 views)

I believe most law firms in CT do this now.  In a news article this week, a California attorney called the way CT handles real estate closings "backward and out of sync with the rest of the country." Lucky thing for CT's abstractors who work for in-state title companies and lawyers.

A VERY GENERAL example:  Because it is more cost effective and faster, abstract ordered through AAA title insurance company (attorneys here WRITE and sign the title insurance policies as agents for the company).  Abstract arrives with bill. Law firm to pay title company; however, we have name, address and phone #s for abstractor contracted through title company if there is a question on search.  Separate line item on HUD for abstract listing title company as payee and separate line items listing owners and lenders policy premiums, which includes disclosure of % of premium law firm that wrote the policy receives.  Depending on how soon from receipt of abstract the deal closes, abstractor cost may be paid prior to closing or, written through clients trust account, at closing.  Either way the law firm collects the abstractor cost from its client.

As someone who wants to see abstractors paid, I think "backward and out of sync" may be a good thing.

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Re: Just an idea and how hard would it be? - Jay Duncan/MO
4/11/2008 9:14:17 AM (4012 views)
Re: Just an idea and how hard would it be? - Robert Franco/OH
4/11/2008 11:28:07 AM (3999 views)
Re: Just an idea and how hard would it be? - Diane Brewer/SC
4/14/2008 9:38:14 AM (4014 views)

[+] Is there a statute of limitations on a title claim? - DS/NC (13 replies)
4/9/2008 9:49:36 PM (3936 views)

[+] MeyMax Title Agency - Smitty Strickland/SC (6 replies)
4/9/2008 4:53:13 PM (4207 views)

[+] It should not be this difficult! - Robert Franco/OH (6 replies)
4/9/2008 2:33:15 PM (3546 views)

[+] Oil & Gas search? - joey slipher/MS (1 reply)
4/9/2008 11:51:39 AM (3413 views)


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