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It is the VETERAN...... - Jay Duncan/MO
7/4/2004 2:16:30 PM (1505 views)
Re: It is the GRUNT - Datalore/PA
7/4/2004 8:48:23 PM (2411 views)

Newbie bashing - Judy Nisonger/CA
7/3/2004 10:32:04 AM (1578 views)
Re: Newbie bashing - Loretta Reed/MD
7/3/2004 11:17:53 AM (2407 views)
Re: Newbie bashing - Judy Nisonger/CA
7/3/2004 11:21:19 AM (2422 views)
Re: Newbie bashing - Shannon Blatt/VA
7/3/2004 2:01:17 PM (2380 views)
Re: Newbie bashing - Judy Nisonger/CA
7/3/2004 6:36:19 PM (2372 views)
Re: Newbie bashing - Shannon Blatt/VA
7/4/2004 10:08:24 AM (2272 views)
Re: Newbie bashing - Judy Nisonger/CA
7/4/2004 11:39:15 AM (2383 views)
Re: Newbie bashing - Loretta Reed/MD
7/4/2004 1:20:04 PM (2327 views)
Kurts Training!!! - Kurt deVries/FL
7/6/2004 1:06:10 PM (2339 views)
Re: Kurts Training!!! - Loretta Reed/MD
7/6/2004 4:53:02 PM (2349 views)
Who CAME after you? - Kurt deVries/FL
7/7/2004 9:27:34 AM (2300 views)
Re: Who CAME after you? - Loretta Reed/MD
7/7/2004 9:35:04 AM (2335 views)
MD has some Crazy Laws - Kurt deVries/FL
7/7/2004 10:45:15 AM (2388 views)
Re: Who CAME after you? - Shannon Blatt/VA
7/7/2004 1:05:22 PM (2299 views)
Re: Who CAME after you? - Jay Duncan
7/7/2004 1:18:50 PM (2336 views)
Re: Kurts Training!!! - Douglas Gallant/OH
7/7/2004 5:52:19 PM (2335 views)
Re: Incorporate - Robert Franco/OH
7/7/2004 10:24:47 AM (2293 views)
Re: Incorporate - Kurt deVries/FL
7/7/2004 10:41:35 AM (2343 views)
Re: Incorporate - Loretta Reed/MD
7/7/2004 1:40:02 PM (2280 views)
Re: Incorporate - Kurt deVries/FL
7/7/2004 3:23:05 PM (2259 views)
Re: Incorporate - Amanda Packey/FL
7/7/2004 3:33:33 PM (2302 views)
Thank You Amanda!!! - Kurt deVries/FL
7/7/2004 4:02:16 PM (2254 views)
Re: Thank You Amanda!!! - Amanda Packey/FL
7/7/2004 4:08:18 PM (2315 views)
Re: Incorporate - kevin ahern/CT
7/8/2004 7:08:59 AM (2227 views)
Re: Incorporate - Robert Franco/OH
7/8/2004 2:38:24 PM (2173 views)
Re: Incorporate (PA) - Annette Dorty/PA
7/8/2004 4:08:32 PM (2213 views)
Re: Incorporate (PA) - kevin ahern/CT
7/9/2004 5:27:30 AM (2253 views)
Re: Newbie bashing - Robert Franco/OH
7/4/2004 2:21:30 PM (2213 views)

I hate to get involved in this conversation, but I think it is an important topic.  "Newbie Bashing" is not a good thing, and I don't want to blame the "newbies" for some of the problems in the industry - because they don't know the problems that are being caused by their lack of training.  I believe that there are a lot of well intentioned abstractors, very new to the field, who were led down this path by someone else.

The best advice for someone who wants to be an independent abstractor is to work for a title company or attorney for a couple of years (and that may not be enough).  The only way to become a good abstractor is to gain experience... the only way to gain expereince without causing a lot of problems and incurring a huge amount of liability is to have someone knowledgeable in the field review your work and explain "WHY" you should or shouldn't show certian items.  Good training is extremely important!!

For example... when you are searching a property that recently came out of foreclosure with liens still showing open you have to know when lis pendens applies.  Some liens may survive the suit, others may be extiguished. When you have a deed that wasn't notarized properly, what is the statutory requirement that will cure the defect?  There are so many things that you really can't be prepared for, unless you have come across them before and had someone there to properly explain them when they do arise.  That takes a lot of time - and a good teacher.

It is easy for someone to say, "just find the deed and look for any liens", but there is so much more to it than that.  As rates begin to rise and more forclosures are filed, many cliams will be generated.  It is going to be a scary time for a lot of abstractors and insurers.

I have also spoken with a few E&O insurers regarding discounts for NALTEA members and the answer was always the same... "there are a lot of new abstractors that haven't been properly trained entering the field."  This is ONE of the causes of the higer rates, but I'm sure there are other forces at work also.

Source of Title gets a lot of e-mail asking "how do I become an abstractor?" and I always tell them the same thing - get a job with a title company or attorney that has sufficent resources to train you properly.  Anyone who wants to be an abstractor, without the necessary training, can get into the field, but they should be aware of the requirements of the job and fully understand the liability associated with it.  Missing one mortgage, federal tax lien, life estate, or anything else could cost you your home!  Most of us can't afford to pay a $100,000 claim and the rising E&O rates should be an indication of the liability involved.

A final note:  the Source of Title message forums are for everyone, newbies and seasoned abstractors alike, but newbies won't always like the responses they get.  They shouldn't be taken as "hostile" or "bashing" but as a wanring that there is a lot of responsibility involved with abstracting.  Peoples homes, the single largest investment they make, are riding on your ability to perform your duties as an abstractor.  Those who have been trained for years before becoming independent are frustrated with the abstractors that don't think they need to be properly trained or aren't aware of the training that they didn't get.  Some of them simply do not realize how much they do not know.

Best to everyone,
Robert A. Franco
SOURCE OF TITLE

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Re: Newbie bashing - James Guill/VA
7/4/2004 3:56:18 PM (2231 views)
Re: Newbie bashing - Loretta Reed/MD
7/4/2004 5:11:04 PM (2168 views)
Re: Newbie bashing... Thank you! - Judy Nisonger/CA
7/5/2004 11:20:11 AM (2178 views)
Re: Newbie bashing... Thank you! - Loretta Reed/MD
7/5/2004 1:49:35 PM (2226 views)
Re: Newbie bashing... Thank you! - Judy Nisonger/CA
7/5/2004 5:26:12 PM (2184 views)
Re: Newbie bashing... Thank you! - Loretta Reed/MD
7/5/2004 5:39:52 PM (2179 views)
Re: Newbie bashing... Thank you! - Scott Perry/PA
7/5/2004 9:45:45 PM (2136 views)
Keep BUSH IN!!! - Kurt deVries/FL
7/6/2004 12:46:19 PM (2180 views)
Re: Newbie bashing... Thank you! - Robert Franco/OH
7/6/2004 1:32:32 PM (2033 views)
Rising Rates! - Kurt deVries/FL
7/6/2004 2:08:43 PM (2073 views)
Re: Rising Rates! - Douglas Gallant/OH
7/6/2004 6:01:17 PM (3094 views)
Re: Rising Rates! - Judy Nisonger/CA
7/7/2004 7:38:53 PM (2007 views)
Unemployment - Shannon Blatt/VA
7/7/2004 7:43:12 PM (2010 views)
Re: Unemployment - Judy Nisonger/CA
7/8/2004 11:14:10 AM (1986 views)
Re: Unemployment - Shannon Blatt/VA
7/8/2004 11:43:00 AM (1947 views)
Re: Unemployment - Judy Nisonger/CA
7/8/2004 11:00:17 PM (1899 views)

HOT LIST... - Loretta Reed/MD
7/2/2004 10:42:01 PM (1168 views)

Happy 4th!!! - Ellen/MO
7/2/2004 4:39:43 PM (1473 views)
Re: Happy 4th!!! - Jay Duncan/MO
7/2/2004 5:06:12 PM (2246 views)
Re: Happy 4th!!! - Loretta Reed/MD
7/2/2004 5:45:08 PM (2198 views)
Re: Happy 4th!!! - Shannon Blatt/VA
7/2/2004 6:15:03 PM (2103 views)
Re: Happy 4th!!! - Jay Duncan
7/2/2004 7:52:33 PM (2094 views)

ATC - Accelerated Title Co - Teresa Beeman/NC
7/2/2004 10:24:33 AM (1755 views)
Re: ATC - Accelerated Title Co - Barbara Bennett/IN
7/2/2004 2:56:20 PM (2334 views)




to the best contact person, happy b-day - monica froese/ME
7/1/2004 10:20:23 PM (1308 views)

Order your NALTEA Business Cards for your... - National Assoc of Land Title Examiners and Abstrac/OH
7/1/2004 7:32:09 PM (1260 views)

National Equity Services - Michelle/NJ
7/1/2004 7:26:55 PM (1798 views)
Re: National Equity Services - Shannon Blatt/VA
7/1/2004 7:49:38 PM (2529 views)

Service Link out of PA? - Douglas Johnson/MN
7/1/2004 4:48:55 PM (1784 views)
Re: Service Link out of PA? - Loretta Reed/MD
7/1/2004 5:40:03 PM (2693 views)
Re: Service Link out of PA? - Shannon Blatt/VA
7/1/2004 6:06:46 PM (2617 views)
Re: Service Link out of PA? - Robert Franco/OH
7/1/2004 6:17:57 PM (2714 views)
Re: Service Link out of PA? - Douglas Johnson/MN
7/2/2004 1:20:34 PM (2582 views)
Re: Service Link out of PA? - Ken Ungarsohn/NJ
7/16/2009 10:39:19 AM (2143 views)
Re: Service Link out of PA? - CLEOFI BLASS/NJ
7/2/2004 2:01:11 PM (2625 views)
Re: Service Link out of PA? - Shannon Blatt/VA
7/2/2004 6:17:23 PM (2617 views)
Re: Service Link out of PA? - CLEOFI BLASS/NJ
7/6/2004 12:27:33 PM (2590 views)
Too bad...their loss!! - Scott Perry/PA
7/6/2004 10:16:23 PM (2519 views)
Re: Service Link out of PA? - Patricia Palmer/PA
7/7/2004 5:35:43 PM (2644 views)

Abstractor Associations - National Assoc of Land Title Examiners and Abstrac/OH
6/30/2004 5:58:21 PM (2161 views)
Re: Abstractor Associations - Angelica DelliCarpini/IN
6/30/2004 7:56:55 PM (2490 views)
Re: Abstractor Associations - Jay Duncan/MO
6/30/2004 9:17:08 PM (2382 views)
Re: Abstractor Associations - Jay Duncan/MO
6/30/2004 9:33:33 PM (3343 views)

?? Pricing the mileage ?? - Patty Bolden/TX
6/30/2004 4:29:58 PM (1581 views)
Re: ?? Pricing the mileage ?? - Patty Bolden/TX
7/5/2004 11:20:25 AM (2370 views)
Re: ?? Pricing the mileage ?? - Robert Franco/OH
7/6/2004 3:29:09 PM (2370 views)

NATIONAL ASSOCIATION OF TITLE PROS - julie jasiunas/WI
6/30/2004 12:42:13 PM (1753 views)
Re: NATIONAL ASSOCIATION OF TITLE PROS - Amanda Packey/FL
6/30/2004 3:58:00 PM (2518 views)
Re: NATIONAL ASSOCIATION OF TITLE PROS - Scott Fisher/TN
6/30/2004 6:20:12 PM (2480 views)
Re: NATIONAL ASSOCIATION OF TITLE PROS - monica froese/ME
6/30/2004 9:51:39 PM (2427 views)
Re: NATIONAL ASSOCIATION OF TITLE PROS - Shannon Blatt/VA
7/1/2004 1:40:28 AM (2612 views)
Re: NATIONAL ASSOCIATION OF TITLE PROS - Judy Nisonger/CA
7/2/2004 9:38:23 PM (2451 views)
Re: NATIONAL ASSOCIATION OF TITLE PROS - monica froese/ME
7/2/2004 9:50:35 PM (2427 views)
Unsolicitated Facsimiles - R M/NJ
6/30/2004 10:21:50 PM (3400 views)
Re: Unsolicitated Facsimiles - Judy Nisonger/CA
7/2/2004 9:43:36 PM (2408 views)

PRICING - L ROLAND/CA
6/26/2004 12:48:44 PM (1700 views)
Re: PRICING - Shannon Blatt/VA
6/26/2004 2:46:19 PM (2566 views)
Re: PRICING - Robert Franco/OH
6/28/2004 10:01:34 AM (2556 views)
Re: PRICING - kevin ahern/CT
6/28/2004 6:03:59 AM (2512 views)
Re: PRICING - L ROLAND/CA
6/28/2004 9:35:52 PM (2465 views)
Re: PRICING - Shannon Blatt/VA
6/28/2004 11:09:59 PM (2426 views)
SET THE PRICE! - Kurt deVries/FL
6/29/2004 12:13:32 PM (2544 views)
Re: SET THE PRICE! - Shannon Blatt/VA
6/29/2004 8:50:09 PM (2532 views)
Re: SET THE PRICE! - Loretta Reed/MD
6/30/2004 10:09:00 AM (2516 views)
Re: SET THE PRICE! - Kurt deVries/FL
6/30/2004 10:36:53 AM (2498 views)
Re: SET THE PRICE! - Loretta Reed/MD
6/30/2004 11:29:01 AM (2461 views)
Re: SET THE PRICE! - Tracey/NJ
6/30/2004 4:37:44 PM (2461 views)
Re: SET THE PRICE! - Kurt deVries/FL
7/1/2004 9:38:25 AM (2485 views)
Re: SET THE PRICE! - Tracey/NJ
7/1/2004 11:39:38 AM (2473 views)
Re: SET THE PRICE! - Kurt deVries/FL
7/1/2004 2:23:37 PM (2438 views)
Re: SET THE PRICE! - Tracey/NJ
7/1/2004 7:04:24 PM (2418 views)
Monmouth Tracy - Kurt deVries/FL
7/2/2004 11:10:39 AM (2425 views)
Re: Monmouth Tracy - Tracey/NJ
7/2/2004 4:36:21 PM (2402 views)

Companies - Teresa Beeman/NC
6/25/2004 1:34:39 PM (1681 views)
Re: Companies - Shannon Blatt/VA
6/26/2004 12:53:19 AM (2428 views)
Re: Companies - Tammy Elliott/WA
6/26/2004 4:14:20 AM (2394 views)

RE: HOT LIST - Loretta Reed/MD
6/25/2004 10:31:53 AM (1311 views)


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