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Just an idea and how hard would it be? - Jay Duncan/MO
4/10/2008 11:13:32 AM (4123 views)
Re: Just an idea and how hard would it be? - Robert Franco/OH
4/10/2008 12:14:34 PM (6019 views)

Title searches are paid outside of closing, they just aren't required to be itemized on the settlement statement because they are considered to be "primary title services."  POC does not mean "paid before closing," it merely means that the payment is not being charged to the borrower at the closing.  Many POC fees are fees that are picked up by the lender - such as the Yield Spread Premium, paid to the broker by the lender.

I do not necessarily agree that "unless the searcher has been black listed a title company would be able to accept it."  As an agent, I would not rely on just any search - if I am issuing a policy based on the accuracy of the search, I want to be sure that I know who did the search and they they are well qualified and competent. 

However, I disagree with RESPA rules regarding the itemization of the search fee.  I think it would be a good idea to show the parties what the cost of the search is when it is contracted out to a third party.  If not actually paying the abstractor with a separate charge on the settlement statement, a POC item that discloses the charge would be good idea, in my opinion.  That does not mean that the searcher would be paid any sooner, but at least it would inform the borrower of how much was charged for the search.

Actually including a separate charge on the settlement statement to pay the abstractor has its problems too.  If the deal never closes - how does the abstractor get paid.  If you want the title companies to charge the actual price of a search, they would not be able to collect enough on the ones that do close to pay the abstractor for the ones that do not.

Best,
Robert A. Franco
SOURCE OF TITLE

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Abstractor Paid & Listed on HUD-1 - Bobbi Shorthouse, Notary Public/CT
4/10/2008 12:57:27 PM (6120 views)
Re: Just an idea and how hard would it be? - Jay Duncan/MO
4/11/2008 9:14:17 AM (5899 views)
Re: Just an idea and how hard would it be? - Robert Franco/OH
4/11/2008 11:28:07 AM (5841 views)
Re: Just an idea and how hard would it be? - Diane Brewer/SC
4/14/2008 9:38:14 AM (5965 views)

Is there a statute of limitations on a title claim? - DS/NC
4/9/2008 9:49:36 PM (4597 views)
Re: Is there a statute of limitations on a title claim? - Patrick Scott/IL
4/9/2008 11:23:45 PM (6458 views)
Re: Is there a statute of limitations on a title claim? - Kevin Ahern/CT
4/10/2008 7:33:27 AM (6594 views)
Re: Is there a statute of limitations on a title claim? - Robert Franco/OH
4/10/2008 11:52:22 AM (6627 views)
Re: Is there a statute of limitations on a title claim? - Jason Sheppard/PA
4/10/2008 5:18:29 PM (6288 views)
Re: Is there a statute of limitations on a title claim? - DS/NC
4/12/2008 1:48:34 PM (6116 views)
Re: Is there a statute of limitations on a title claim? - STEVE MEINECKE/TN
4/12/2008 4:34:13 PM (6188 views)
Re: Is there a statute of limitations on a title claim? - Robert Franco/OH
4/13/2008 12:42:19 AM (6223 views)
Re: Is there a statute of limitations on a title claim? - STEVE MEINECKE/TN
4/14/2008 7:05:46 PM (6663 views)
Re: Is there a statute of limitations on a title claim? - Robert Franco/OH
4/14/2008 11:56:58 PM (6598 views)
Re: Is there a statute of limitations on a title claim? - STEVE MEINECKE/TN
4/15/2008 8:57:13 AM (6200 views)
Re: Is there a statute of limitations on a title claim? - Robert Franco/OH
4/15/2008 12:15:58 AM (6088 views)
Re: Is there a statute of limitations on a title claim? - STEVE MEINECKE/TN
4/15/2008 9:41:14 AM (6009 views)
Re: Is there a statute of limitations on a title claim? - Kevin Ahern/CT
4/13/2008 7:20:07 AM (6209 views)

MeyMax Title Agency - Smitty Strickland/SC
4/9/2008 4:53:13 PM (5076 views)
Re: MeyMax Title Agency - Sheila Sten/PA
4/9/2008 5:05:39 PM (6900 views)
Re: MeyMax Title Agency - Scott Perry/PA
4/9/2008 5:08:57 PM (6516 views)
Re: MeyMax Title Agency - Sheila Sten/PA
4/9/2008 5:22:10 PM (6602 views)
Re: MeyMax Title Agency - Scott Perry/PA
4/9/2008 8:35:14 PM (6310 views)
Re: MeyMax Title Agency - Smitty Strickland/SC
4/9/2008 5:31:53 PM (6726 views)
Re: MeyMax Title Agency - john rutledge/VA
4/14/2008 9:33:52 AM (6385 views)

It should not be this difficult! - Robert Franco/OH
4/9/2008 2:33:15 PM (4236 views)
Re: It should not be this difficult! - Rob  Robinson/PA
4/9/2008 3:57:14 PM (6459 views)
Re: It should not be this difficult! - Smitty Strickland/SC
4/9/2008 4:50:41 PM (6199 views)
Re: It should not be this difficult! - Theresa Ritz/WV
4/10/2008 10:52:22 AM (6176 views)
Re: It should not be this difficult! - Dan Zook/NY
4/10/2008 12:33:06 PM (6273 views)
Re: It should not be this difficult! - michael quinn/NY
4/10/2008 9:24:50 PM (6139 views)
Re: It should not be this difficult! - Pam Sola/VA
4/14/2008 10:57:24 AM (6043 views)

Oil & Gas search? - joey slipher/MS
4/9/2008 11:51:39 AM (4095 views)
Re: Oil & Gas search? - Alix Ott/MI
4/10/2008 3:23:48 PM (6154 views)




A quick question - Ron McPherson/IA
4/8/2008 6:06:09 PM (4176 views)
Re: A quick question - michael quinn/NY
4/8/2008 6:15:52 PM (6180 views)
Re: A quick question - Kevin Ahern/CT
4/9/2008 6:36:54 AM (6320 views)
Re: A quick question - Robert Franco/OH
4/9/2008 10:55:29 AM (6307 views)
Re: A quick question - Matthew Sharpe/OH
4/9/2008 11:05:48 AM (6428 views)
Re: A quick question - george Hubka/MI
4/14/2008 9:41:17 PM (5931 views)
Re: A quick question - Ron McPherson/IA
4/11/2008 10:12:17 PM (6195 views)

Trinity Abstract ... Dallas, TX - Jill Kissell/IA
4/8/2008 5:43:10 PM (5015 views)
Re: Trinity Abstract ... Dallas, TX - DS/NC
4/12/2008 1:44:57 PM (6520 views)
Re: Trinity Abstract ... Dallas, TX - ARTHUR LIPPMAN/MA
4/14/2008 8:01:23 AM (6408 views)

Eclipse - Anthony BROWNN/VA
4/8/2008 2:52:08 PM (4278 views)
Re: Eclipse - Rob  Robinson/PA
4/8/2008 3:27:23 PM (6549 views)
Re: Eclipse - Norean Cashwell/GA
4/12/2008 11:41:46 PM (6338 views)
Re: Eclipse - Pam Sola/VA
4/14/2008 10:59:49 AM (6334 views)
Re: Eclipse - Jennifer  Porter/FL
4/14/2008 12:59:27 PM (6126 views)
Re: Eclipse - Anthony BROWNN/VA
4/14/2008 3:16:42 PM (6483 views)
Re: Eclipse - elizabeth reddy/FL
4/14/2008 6:17:50 PM (6574 views)
Re: Eclipse - george Hubka/MI
4/14/2008 9:46:37 PM (6121 views)
Re: Eclipse - Patrick Scott/IL
4/14/2008 11:39:43 PM (6114 views)
Re: Eclipse - Anthony BROWNN/VA
4/24/2008 1:23:40 PM (6142 views)
Re: Eclipse - Karen Dykshoorn/IA
4/15/2008 11:13:02 AM (6221 views)

Thomas Jefferson Quote! - Kurt deVries/FL
4/8/2008 2:02:55 PM (4038 views)
Re: Thomas Jefferson Quote! - Scott Perry/PA
4/15/2008 7:05:35 AM (6043 views)
Re: Thomas Jefferson Quote! - Kurt deVries/FL
4/18/2008 10:57:40 AM (5869 views)

THEY DON'T PAY - Wayne Brown/VA
4/8/2008 11:05:05 AM (4856 views)
Re: THEY DON'T PAY - Matthew Sharpe/OH
4/9/2008 11:18:11 AM (6660 views)
Re: THEY DON'T PAY - Matthew Sharpe/OH
4/9/2008 11:19:30 AM (6385 views)
Re: THEY DON'T PAY - Jason Sheppard/PA
4/10/2008 5:15:44 PM (6678 views)
Re: THEY DON'T PAY - Shannon Blatt/VA
4/11/2008 11:21:43 PM (6297 views)
Re: THEY DON'T PAY - Janis Talbot/SC
4/12/2008 11:34:43 AM (6160 views)
Re: THEY DON'T PAY - Diane Brewer/SC
4/14/2008 9:45:14 AM (6196 views)
Re: THEY DON'T PAY - Richard Mann/PA
4/14/2008 7:46:11 AM (6165 views)
Re: THEY DON'T PAY - Cheryl O'Brien/VA
4/14/2008 11:09:00 AM (6180 views)
Re: THEY DON'T PAY - Cheryl O'Brien/VA
4/14/2008 11:03:27 AM (5983 views)

ASA Real Estate Services - Glenda Hodge/TN
4/8/2008 12:53:45 AM (3954 views)
Re: ASA Real Estate Services - ARTHUR LIPPMAN/MA
4/14/2008 7:31:21 AM (5989 views)
Re: ASA Real Estate Services - Lois & Glen Morgan/AZ
5/15/2008 5:09:47 PM (5825 views)

Help - Edward Balian/CA
4/7/2008 4:47:32 PM (3935 views)
Re: Help - Robert Franco/OH
4/7/2008 5:40:53 PM (6004 views)
Re: Help - Anita Backlund/MN
4/7/2008 11:11:00 PM (6049 views)
Re: Help - Kurt deVries/FL
4/8/2008 2:00:49 PM (6089 views)
Re: Help - Cheryl O'Brien/VA
4/14/2008 11:13:39 AM (5839 views)

3 MINUTE SURVEY - Jeanine Johnson/FL
4/7/2008 12:35:17 PM (3993 views)
Re: 3 MINUTE SURVEY - Rob  Robinson/PA
4/7/2008 12:58:44 PM (6058 views)
Re: 3 MINUTE SURVEY - SHEILA WATTERSON/FL
4/7/2008 1:32:37 PM (6090 views)
Re: 3 MINUTE SURVEY - Robert Franco/OH
4/7/2008 2:23:02 PM (6103 views)
Re: 3 MINUTE SURVEY - Ron McPherson/IA
4/7/2008 2:29:34 PM (6006 views)
Re: 3 MINUTE SURVEY - Diane Cipa/PA
4/7/2008 3:50:25 PM (6066 views)
Re: 3 MINUTE SURVEY - Edward Huguenin/SC
4/7/2008 4:28:13 PM (5922 views)
Re: 3 MINUTE SURVEY - Scott Perry/PA
4/7/2008 5:35:53 PM (5979 views)
Re: 3 MINUTE SURVEY - Anita Backlund/MN
4/7/2008 11:08:36 PM (6075 views)
Re: 3 MINUTE SURVEY - Jill Kissell/IA
4/8/2008 5:39:52 PM (6035 views)
Re: 3 MINUTE SURVEY - Sheila Sten/PA
4/10/2008 2:19:11 PM (6075 views)
Re: 3 MINUTE SURVEY - Jean Allen/NC
4/11/2008 9:22:20 PM (5895 views)
Re: 3 MINUTE SURVEY - Phil McLean/CO
4/10/2008 2:29:11 PM (6119 views)
Re: 3 MINUTE SURVEY - Sheila Sten/PA
4/25/2008 9:28:21 PM (6173 views)

E & O Coverage - Edward Huguenin/SC
4/6/2008 4:16:37 PM (4064 views)
Re: E & O Coverage - Virginia Capps/TN
4/7/2008 12:09:35 PM (5951 views)
Re: E & O Coverage - Edward Huguenin/SC
4/7/2008 4:26:21 PM (5926 views)

Judy N. - monica froese/ME
4/4/2008 1:23:18 PM (3714 views)
Re: Judy N. - Jay Duncan/MO
4/4/2008 2:04:22 PM (6003 views)
Re: Judy N. - Glenda Hodge/TN
4/5/2008 12:07:56 AM (5843 views)


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