Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Title Insurance Misconceptions - Angela Sharp/CA (2 replies)
7/22/2024 6:02:30 PM (1449 views)

[-] summary and documents, documents and summary - Ben Wilczynski/PA (10 replies)
6/27/2024 9:55:22 AM (2235 views)

Hello, friends! Ben with Veracity here, looking for some feedback. 

When I was trained as an abstractor (in the Detroit area, roughly 450 years ago) I was taught to follow a simple rule:

"If you cite a document on your summary, you should include a copy in your bundle. If you include a document in your bundle, it should be cited on your summary."

That was a good rule at the time, and I believe it has only become more important. We just had an example of why this is important: the abstractor provided copies of the deeds in the chain of title, but did not list them on her summary report.  In fact, when asked, she refused to. Later, we learned that the abstract was missing an outsale deed which was necessary to understand the complicated metes and bounds legal description. The customer, naturally, was very upset that they had wasted hours trying to make sense of the title without that deed. What happened? Simple: the abstractor's scanner had "skipped" that deed.

If the abstractor had included a written chain of title, even just a list of deeds, this would have been a minor problem. My team would have noticed the omission before sending the abstract to the client. But instead, this correction required hours of work on the client's part.

My question is: do you make sure your summary agrees with your documents, and vice versa? If not, why not? 

Thank you for your time. 

to post a reply: login - or - register


Re: summary and documents, documents and summary - Jay Duncan/MO
6/27/2024 10:45:43 AM (2943 views)
Re: summary and documents, documents and summary - Rita Killary/NY
6/27/2024 12:49:52 PM (2911 views)
Re: summary and documents, documents and summary - Brandon ONeal/TN
6/27/2024 6:34:39 PM (3019 views)
Re: summary and documents, documents and summary - Serena Stout/VA
7/1/2024 10:02:29 AM (2889 views)
Re: summary and documents, documents and summary - Philip Apter/CT
7/8/2024 10:21:42 AM (2719 views)
Re: summary and documents, documents and summary - stephen willard/OH
7/8/2024 11:07:49 AM (2847 views)
Re: summary and documents, documents and summary - Advanced Background Check/OH
7/9/2024 2:20:40 PM (2683 views)
Re: summary and documents, documents and summary - Ben Wilczynski/PA
7/10/2024 1:48:08 PM (2746 views)
Re: summary and documents, documents and summary - george Hubka/MI
7/10/2024 6:14:15 PM (2647 views)
Re: summary and documents, documents and summary - Ben Wilczynski/PA
7/31/2024 11:00:20 AM (2572 views)

[+] CCOST OF A COMMERICAL SEARCH - Saundra  Scott/MD (3 replies)
6/24/2024 9:01:01 PM (2214 views)

CCOST OF A COMMERICAL SEARCH - Saundra  Scott/MD
6/24/2024 9:00:59 PM (1599 views)

[+] SKY ONE TITLE SERVICES - Michael Rosing/IL (1 reply)
6/20/2024 10:20:37 AM (1767 views)




[+] PLATOON TITLE SERVICES - Michael Rosing/IL (3 replies)
6/18/2024 2:13:38 PM (2127 views)

[+] Foreclosures - Kurt deVries/FL (5 replies)
6/17/2024 1:43:26 PM (2188 views)

[+] S.3402 - End Hedge Fund Control of American Homes Act - Scott Perry/PA (7 replies)
6/10/2024 8:58:55 PM (1790 views)

IN THE QUEUE - Michael Rosing/IL
6/7/2024 11:24:57 AM (1505 views)

POSTS - Michael Rosing/IL
6/4/2024 8:29:28 AM (1424 views)

[+] Cornerstone abstracts - Randi Erickson/MN (13 replies)
5/16/2024 11:38:31 AM (2779 views)

AVANZE - Michael Rosing/IL
5/13/2024 10:04:38 PM (1779 views)

[+] Cloud Nine Title - Nancy  Jones/PA (8 replies)
5/11/2024 11:31:08 AM (2046 views)

[+] Old Volusia county FL - Paula Reynolds/FL (7 replies)
5/10/2024 3:13:12 PM (1677 views)

[+] Cleaning Up Title - Jay Duncan/MO (2 replies)
5/10/2024 9:41:24 AM (2451 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8973 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

ALTA Celebrates 21st Century ROAD to Housing Act Becoming Law
“ALTA congratulates Chairman Tim Scott, Ranking Member Elizabeth Warren, Chairman French Hill, Ranking Member Maxi...
New NAR Survey Finds Americans Value Neighborhood Walkability
A new survey by the National Association of REALTORS® shows that Americans value walkability, mixed-used neighborho...
MISMO Publishes White Paper, Roadmap for Scaling Digital Mortgage Adoption Through eClosing
MISMO®, the real estate finance industry's standards organization, today announced the release of its new white pap...
NAR Existing-Home Sales Report Shows 2.4% Decrease in June
“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage...
Remodeling Market Sentiment Remains in Positive Territory in Second Quarter
“Remodeler sentiment has been positive and stable over the past year,” said NAHB Remodelers Chair Elliott Pi...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.