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Rich's surgery - monica froese/ME
4/19/2005 7:06:15 PM (2397 views)
Re: Rich's surgery - Robert Franco/OH
4/19/2005 7:28:52 PM (3674 views)
Re: Rich's surgery - J.T. Shoemaker/NY
4/19/2005 9:10:56 PM (3611 views)
Re: Rich's surgery - Jarrod Clabaugh/OH
4/19/2005 10:15:25 PM (3554 views)
Re: Rich's surgery - Ellen Malloy/MO
4/20/2005 8:24:01 AM (3617 views)
Re: Rich's surgery - Lisa Ramsey/TX
4/20/2005 9:00:20 AM (3617 views)
Re: Rich's surgery - Barbara Bennett/IN
4/20/2005 5:47:16 PM (3653 views)
Re: Rich's surgery - James "Lin" Toney/MS
4/20/2005 8:35:38 PM (3517 views)

Need your opinion please. - Larry Crooks/OH
4/19/2005 4:50:48 PM (2542 views)
Re: Need your opinion please. - Jay Duncan/MO
4/19/2005 5:24:28 PM (3756 views)
Re: Need your opinion please. - Larry Crooks/OH
4/19/2005 5:32:36 PM (3833 views)
Re: Need your opinion please. - Kevin Ahern/CT
4/19/2005 6:41:46 PM (3837 views)
Re: Need your opinion please. - Robert Breakell/CT
4/19/2005 6:49:34 PM (3779 views)
Re: Need your opinion please. - David Bloys/TX
4/19/2005 8:37:10 PM (3834 views)
Re: Need your opinion please. - Robert Franco/OH
4/19/2005 8:47:28 PM (3891 views)
Re: Need your opinion please. - J.T. Shoemaker/NY
4/19/2005 9:09:56 PM (3683 views)
Re: Need your opinion please. - Kevin Ahern/CT
4/19/2005 9:30:57 PM (3821 views)
Re: Need your opinion please. - Robert Franco/OH
4/19/2005 10:29:06 PM (3792 views)
Re: Need your opinion please. - Larry Crooks/OH
4/20/2005 7:28:24 AM (3860 views)
Re: Need your opinion please. - Larry Crooks/OH
4/20/2005 7:18:18 AM (3827 views)
Re: Need your opinion please. - Lisa Ramsey/TX
4/20/2005 8:58:25 AM (3777 views)
Re: Need your opinion please. - Larry Crooks/OH
4/20/2005 9:20:53 AM (3777 views)
Re: Need your opinion please. - Lisa Ramsey/TX
4/20/2005 10:34:47 AM (3795 views)
Re: Need your opinion please. - Barbara Bennett/IN
4/20/2005 5:46:20 PM (3724 views)

Hey Shannon.... - Loretta Reed/MD
4/19/2005 1:48:33 PM (2599 views)
Re: Hey Shannon.... - Shannon Blatt/VA
4/19/2005 10:49:43 PM (3868 views)
Re: Hey Shannon.... - Loretta Reed/MD
4/19/2005 11:18:06 PM (3839 views)
Re: Hey Shannon.... - Shannon Blatt/VA
4/19/2005 11:40:34 PM (3850 views)
Re: Hey Shannon.... - george Hubka/MI
4/20/2005 3:20:11 PM (3740 views)
Re: Hey Shannon.... - Loretta Reed/MD
4/20/2005 3:41:26 PM (3591 views)
Re: Hey Shannon.... - george Hubka/MI
4/20/2005 5:48:44 PM (3795 views)
Re: Hey Shannon.... - Shannon Blatt/VA
4/20/2005 6:08:46 PM (3629 views)

Countywide Abstract, Inc. - J.T. Shoemaker/NY
4/19/2005 12:46:38 PM (4087 views)
Re: Countywide Abstract, Inc. - Francine Miller/NY
5/23/2005 10:18:04 AM (3592 views)

notary blacklist? - Kevin Ahern/CT
4/19/2005 6:21:17 AM (4634 views)
Re: notary blacklist? - J.T. Shoemaker/NY
4/19/2005 8:19:27 AM (4264 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 8:25:08 AM (4222 views)
Re: notary blacklist? - Norean Cashwell/GA
4/19/2005 7:53:10 PM (4104 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 8:04:04 PM (4262 views)
Re: notary blacklist? - James "Lin" Toney/MS
4/19/2005 9:39:39 AM (4273 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 9:56:53 AM (4184 views)
Re: notary blacklist? - Lisa Ramsey/TX
4/19/2005 10:29:23 AM (4104 views)
Re: notary blacklist? - Judy Nisonger/CA
4/19/2005 11:17:53 AM (4246 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 1:57:14 PM (3982 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 11:23:43 AM (4245 views)
Re: notary blacklist? - J.T. Shoemaker/NY
4/19/2005 12:37:16 PM (4149 views)
Re: notary blacklist? - Shannon Blatt/VA
4/19/2005 1:12:23 PM (4050 views)




Creating Business - Mark Sizemore/IN
4/18/2005 11:58:33 AM (2553 views)
Re: Creating Business - Jay Duncan/MO
4/18/2005 2:56:53 PM (4029 views)
Re: Creating Business - george Hubka/MI
4/18/2005 5:43:24 PM (3896 views)
Re: Creating Business - Loretta Reed/MD
4/18/2005 7:01:48 PM (3852 views)
Re: Creating Business - Jay Duncan/MO
4/18/2005 8:23:48 PM (3808 views)
Re: Creating Business - Loretta Reed/MD
4/18/2005 8:31:23 PM (3895 views)

Conference forum - Shannon Blatt/VA
4/17/2005 11:30:38 PM (2577 views)
Re: Conference forum - Robert Franco/OH
4/18/2005 10:31:17 AM (3815 views)

NNBS/Anytime Services - Becky Cantrall/NC
4/14/2005 8:00:46 PM (2788 views)
Re: NNBS/Anytime Services - Matt Pardue/KY
5/2/2005 9:58:39 PM (4003 views)

Anyone know about Stonewood Group? - SHARON YAHRAES/ID
4/14/2005 1:41:13 PM (2697 views)
Re: Anyone know about Stonewood Group? - Donna Grady/NC
4/14/2005 1:58:41 PM (3948 views)
Re: Anyone know about Stonewood Group? - george Hubka/MI
4/14/2005 3:15:20 PM (3848 views)
Re: Anyone know about Stonewood Group? - Becky Cantrall/NC
4/14/2005 7:55:23 PM (3860 views)
Re: Anyone know about Stonewood Group? - Rachel Crain/CA
4/21/2005 3:11:16 AM (3842 views)

Mortgage Verification - Sue/PA
4/13/2005 12:03:36 PM (2416 views)
Re: Mortgage Verification - george Hubka/MI
4/13/2005 1:20:12 PM (3975 views)
Re: Mortgage Verification - Tammy Harkay/OH
4/28/2005 9:48:48 PM (3694 views)
Re: Mortgage Verification - Lisa Ramsey/TX
4/30/2005 12:13:50 AM (3825 views)

SECURED TITLE - PAM DESMARAIS/NC
4/13/2005 9:47:00 AM (2875 views)
Re: SECURED TITLE - Lisa Ramsey/TX
4/13/2005 10:34:03 AM (3674 views)
Re: SECURED TITLE - george Hubka/MI
4/13/2005 1:25:00 PM (3640 views)
Re: SECURED TITLE - Lisa Ramsey/TX
4/13/2005 3:23:26 PM (3562 views)
Re: SECURED TITLE - Cathy Iffergan/TX
4/13/2005 10:16:54 PM (3522 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 5:37:14 AM (3587 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 12:06:30 PM (3559 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 12:31:54 PM (3731 views)
Re: SECURED TITLE - george Hubka/MI
4/14/2005 1:08:27 PM (3636 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 1:50:30 PM (3683 views)
Re: SECURED TITLE - Barbara Bennett/IN
4/14/2005 5:18:01 PM (3648 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:37:40 PM (3514 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 7:29:28 PM (3659 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 8:15:17 PM (3592 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 10:04:33 PM (3493 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/15/2005 6:54:15 AM (3707 views)

You really should have read my posting a little more carefully before attempting to pontificate and speak Ex Cathedra on the subject. You may also wish to consider a remedial reading course. You have misquoted me.

In your earlier post you limited your comments to the impact of an abstractor's late recording of a mortgage and your perception of additional expenses to the law firm arising therefrom. That is the posting to which I responded. If I recall you said nothing about failure to follow closing instructions and insuring title.

Connecicut is a race state also, and I fully understand the
 implications of an intervening lien being recorded with respect to the priority of the mortgage.

In your earlier post you indicated that a late recording may result in the redrafting of the mortgage and some imagined extra expense to the law firm for having to close the loan a second time. Let me try to get through to you again in terms that you may more readily understand... THERE IS NO SUCH EXPENSE NECESSITATED BY A SECOND CLOSING BECAUSE THERE IS NO NEED FOR A SECOND CLOSING. Can I make it any more clear?

The loan has been closed. The loan and mortgage are binding as the the Mortgagor and the Mortgagee. The recording of the mortgage perfects the security interest, and protects the lender's priority for a future foreclosure. It serves as notice to future third party lien holder's that the lender is prior in claim to their respective liens.

If you read my earlier posting, I said that an intervening lien is a problem, and that law firms in this area do not record the mortgage in that circumstance. IT DOES NOT REQUIRE A SECOND CLOSING. It creates a problem with the lender's priority of claim when the lender tries to perfect the security interest. If there are intervening liens the borrower has either misrepresented something on his loan application or has incurred an additional financial obligation (such as a mechanic's lien for work done on the property) while the mortgage application was pending. In this instance the lender will require the borrower to have the intervening liens released, and if they are not released accelerate the mortgage, demand payment and foreclose. The lender has two options. It can record the mortgage behind the intervening liens, pay the liens off to protect their position, foreclose, and seek the expenses as part of their foreclosure action. Mortgages routinely contain a clauses that allows them to do this. The other option that a lender can choose is not to record the mortgage and sue on the promissory note for money damages.

In so far as title insurance is concerned, the title insurance carriers protect themselves through an affidavit at closing indicating that the borrower has done nothing to encumber the title since the title search. Otherwise the intervening lien is an exclusion from coverage.

Now is there anything else on which you are confused?

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Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 8:18:35 PM (3535 views)
Re: SECURED TITLE - Robert Franco/OH
4/15/2005 8:50:55 PM (3473 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/16/2005 7:56:59 AM (3507 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/16/2005 7:50:31 AM (3641 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 8:09:52 AM (3527 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/15/2005 8:33:40 AM (3712 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:24:25 PM (3540 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 12:28:21 PM (3621 views)
Re: SECURED TITLE - John PAxton/NC
4/15/2005 3:41:51 PM (3529 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/15/2005 4:20:06 PM (3527 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 10:53:18 PM (3466 views)
Re: SECURED TITLE - Shannon Blatt/VA
4/14/2005 8:02:09 PM (3527 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 10:07:38 PM (3544 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:32:34 PM (3441 views)
Re: SECURED TITLE - David Bloys/TX
4/15/2005 7:55:29 AM (3511 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 8:15:12 AM (3595 views)
Re: SECURED TITLE - David Bloys/TX
4/15/2005 9:17:15 AM (3486 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 12:21:40 PM (3529 views)
Re: SECURED TITLE - george Hubka/MI
4/14/2005 1:24:55 PM (3510 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 2:38:47 PM (3312 views)
Re: SECURED TITLE - Douglas Gallant/OH
4/15/2005 6:09:55 PM (3318 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 8:24:35 PM (3374 views)
Re: SECURED TITLE - Douglas Gallant/OH
4/15/2005 11:05:41 PM (3422 views)
Re: SECURED TITLE...putting my 2 cents worth in - Loretta Reed/MD
4/16/2005 12:41:23 PM (3426 views)
Re: SECURED TITLE...putting my 2 cents worth in - Shannon Blatt/VA
4/16/2005 4:32:45 PM (3402 views)
Re: SECURED TITLE...putting my 2 cents worth in - Loretta Reed/MD
4/16/2005 4:57:08 PM (3286 views)
Re: SECURED TITLE...putting my 2 cents worth in - Lisa Ramsey/TX
4/16/2005 5:06:08 PM (3418 views)
Re: SECURED TITLE...putting my 2 cents worth in - Shannon Blatt/VA
4/17/2005 11:01:18 PM (3210 views)
Re: SECURED TITLE...putting my 2 cents worth in - Lisa Ramsey/TX
4/16/2005 5:03:59 PM (3387 views)

more unlocked articles - Kim Haase/MT
4/12/2005 11:41:55 PM (2439 views)
Re: more unlocked articles - Lisa Ramsey/TX
4/13/2005 10:29:27 AM (3514 views)
Re: more unlocked articles - Kim Haase/MT
4/13/2005 10:35:35 AM (3449 views)
Re: more unlocked articles - Robert Franco/OH
4/13/2005 11:15:21 AM (3513 views)
Re: more unlocked articles - Kim Haase/MT
4/13/2005 11:51:21 AM (3635 views)
Re: more unlocked articles - Robert Franco/OH
4/13/2005 1:17:02 PM (3384 views)

Help for someone who wants to become a title abstractor - John Flanders/GA
4/11/2005 11:52:58 PM (2542 views)
Re: Help for someone who wants to become a title abstractor - Loretta Reed/MD
4/12/2005 8:38:23 AM (3738 views)
Re: Help for someone who wants to become a title abstractor - george Hubka/MI
4/12/2005 1:55:36 PM (3693 views)
Re: Help for someone who wants to become a title abstractor - Kevin Ahern/CT
4/12/2005 4:54:15 PM (3666 views)
Re: Help for someone who wants to become a title abstractor - george Hubka/MI
4/12/2005 10:45:43 PM (3789 views)
Re: Help for someone who wants to become a title abstractor - Kim Haase/MT
4/12/2005 1:10:20 PM (3562 views)

Cancellation policy... - Loretta Reed/MD
4/11/2005 7:31:15 PM (2577 views)
Re: Cancellation policy... - george Hubka/MI
4/11/2005 7:36:16 PM (3706 views)
Re: Cancellation policy... - Jay Duncan/MO
4/11/2005 8:13:50 PM (3690 views)
Re: Cancellation policy... - J.T. Shoemaker/NY
4/11/2005 11:21:59 PM (3611 views)
Re: Cancellation policy... - Shannon Blatt/VA
4/12/2005 1:46:12 AM (3618 views)
Re: Cancellation policy... - Kevin Ahern/CT
4/12/2005 8:36:10 AM (3588 views)
Re: Cancellation policy... - Lisa Ramsey/TX
4/12/2005 7:29:01 PM (3676 views)
Re: Cancellation policy... - Kevin Ahern/CT
4/12/2005 8:04:15 PM (3594 views)
Re: Cancellation policy... - george Hubka/MI
4/12/2005 10:51:36 PM (3531 views)
Re: Cancellation policy... - Lisa Ramsey/TX
4/13/2005 10:39:02 AM (3548 views)
Re: Cancellation policy... - Bernie O'Hare/PA
4/12/2005 9:06:10 PM (3426 views)
Re: Cancellation policy... - Deborah Manion/VA
4/13/2005 8:53:08 AM (7487 views)
Re: Cancellation policy... - Lisa Ramsey/TX
4/13/2005 10:41:22 AM (3628 views)
Re: Cancellation policy... - george Hubka/MI
4/13/2005 1:33:02 PM (3433 views)

CNBC Special on Real Estate Boom - Robert Franco/OH
4/11/2005 5:04:14 PM (2541 views)
Re: CNBC Special on Real Estate Boom - Mark Russomanno/NJ
4/11/2005 5:25:03 PM (3481 views)
Re: CNBC Special on Real Estate Boom - Robert Breakell/CT
4/11/2005 6:05:14 PM (3633 views)
Re: CNBC Special on Real Estate Boom - Kevin Ahern/CT
4/12/2005 8:18:26 AM (3453 views)
Re: CNBC Special on Real Estate Boom - Robert Franco/OH
4/12/2005 10:40:01 AM (3388 views)
I asked this same question on another forum - Susie/OH
4/13/2005 9:19:51 PM (3475 views)


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