Thank you Tom
I think I do understand your postion on the commercial 40 year and "taking good" prior to that, but as to the refinance doing at least a two owner, I would respectfully disagree.
What if, for instance, the property was acquired by the current owner in an REO transaction within the last say 4 years? The foreclosure that gave rise to the REO has to be researched and approved So, as a matter of course we have to research the PRIOR foreclosure. So doing at least a 2 owner search is a MINIMUM requirement in my office.
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