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At Close Title & Settlement-BEWARE - Jason Knowles/AL
11/7/2018 2:13:08 PM (923 views)

[+] E & O Insurance - Judy Nisonger/CA (4 replies)
11/7/2018 1:00:30 PM (1323 views)

[+] Frank Divittorio w/Chahardy-Non Payer - Leah Brown/LA (6 replies)
11/2/2018 2:07:01 PM (1174 views)

[+] Looking for a photo-stitching application - Ted Williamson/TX (3 replies)
10/31/2018 3:50:55 PM (959 views)

[-] Blockchain - F P/VA (7 replies)
10/31/2018 11:54:09 AM (2093 views)
Re: Blockchain - Jeffrey Land/NJ
11/5/2018 11:04:19 AM (1134 views)

 Their product is only as good as the title on the first transaction.  Supposedly all property transactions will be kept in the computer record associated with each property parcel.  But as we all know, that prior history is always open for debate, and putting it into a computer record is not going to eliminate that ongoing debate.  The history at the courthouses lives and breathes so to speak.  So if you suddenly have a flawed title which purports to not be flawed and kept in Blockchain, how much confidence are you going to have in blockchain when you find a long lost pipeline easement going right through your living room.  Do you turn to a new product called Blockchain Insurance?

 

Blockchain seems to be an attempt to expand the MERS system presently being used for mortgage assignments to the deeds as well. I guess all in the attempt to put the county recorders out of business.  And once that happens, it puts abstractors out of business as well, at least in the future.  But before that happens, they are going to need us to get their initial history right, or there will be no demand for their product.  They are still going to need title insurance of some sort, because there will always be mistakes in the record that need to be insured.  So the industry won't be completely destroyed.  But it will be much harder to pin things down because the blockchain record isn't in your local courthouse anymore and the local voters didn't elect the Blockchain administrator.

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Re: Blockchain - Carol Clark/NY
11/19/2018 3:54:34 PM (756 views)
Human Error - Victoria Moate/NJ
12/3/2018 10:58:19 AM (773 views)
Re: Human Error - Carol Clark/NY
12/3/2018 11:36:06 AM (761 views)
Re: Blockchain - Jeanine Johnson/MN
12/10/2018 7:25:53 PM (1422 views)
Re: Blockchain - Jeanine Johnson/MN
12/10/2018 7:25:54 PM (687 views)
Re: Blockchain - Sal Turano/NY
12/17/2018 10:21:36 AM (531 views)


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Optima-non payer - Jason Knowles/AL
10/30/2018 2:47:50 PM (803 views)

[+] Lendserv - Jason Knowles/AL (3 replies)
10/30/2018 2:44:38 PM (1183 views)

[+] BoA - kim rase/CO (2 replies)
10/27/2018 4:16:11 PM (1160 views)

[+] Comment on "South Carolina Man Sentenced to 18 Months in Prison For Using Forged Deeds to Steal Homes" - Source of Title/OH (2 replies)
10/27/2018 3:50:19 PM (1059 views)

[+] Timely Documents Inc - Prem Kumar/NV (10 replies)
10/26/2018 3:21:25 PM (1808 views)

[+] kofile searches - Tom Schmick/OH (3 replies)
10/22/2018 12:32:01 PM (1341 views)

2018 NAILTA/NALTEA Conference - Robert Franco/OH
10/21/2018 5:37:07 PM (1241 views)

[+] Judgement Lien - Abrar Khan/TX (5 replies)
10/16/2018 5:09:56 PM (1689 views)

[+] CALREPORTING 818 AREA CODE - Scott & Sandra Forbes/CA (6 replies)
10/15/2018 3:29:15 PM (1213 views)

Express Services / Derrick Whitaker - Jaime Melvin/NC
10/12/2018 7:22:44 PM (1019 views)


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