I can tell you as a "hub" that this seems to be regional as to how it's handled and I posted a topic related to this recently. In the Northeastern states, unless it's back in the 30's (but sometimes there's no limit), we're usually charged for a current or two owner - whatever was ordered. Others have a set year limit. We have a client who is used to their searches turning into fulls so if i feel we're undercharged and there's room to pay the abstractor more while still giving the client a fair price - i do. Some people sell themselves short for their efforts.
A few abstractors charge by link which can make it difficult to gauge costs to the end client. This intuitively makes the most sense to me but there are times a current owner happens to go back 5 links within a few years and upcharging our clients on a search to 2005 is going to get pushback. Other times the current deed is 30 years back and depending on the state, that can mean an easy search (MD) or a more difficult one because you're "slogging through microfiche and old books."
I don't think there's any easy answer when you're dealing with different states. It's how tech friendly the state is, how well kept the records are which determine the time spent on a search.
to post a reply: login
- or - register