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OUTAMATION - Michael Rosing/IL
8/14/2024 9:50:12 PM (1123 views)

New York sales taxes? - Patty Baber/CA
8/14/2024 2:20:02 PM (999 views)

[+] I wasn't born yesterday - Ben Wilczynski/PA (11 replies)
8/12/2024 2:32:08 PM (2102 views)

[+] Express Abstracting & Title Services LLC - NO PAY - Darren Miller/CA (2 replies)
7/30/2024 3:59:14 PM (1765 views)

[+] Abstractor Software - Scott Smith/PA (1 reply)
7/30/2024 10:10:09 AM (1719 views)




[+] Title Insurance Misconceptions - Angela Sharp/CA (2 replies)
7/22/2024 6:02:30 PM (1282 views)

[-] summary and documents, documents and summary - Ben Wilczynski/PA (10 replies)
6/27/2024 9:55:22 AM (2054 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. 

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Re: summary and documents, documents and summary - Jay Duncan/MO
6/27/2024 10:45:43 AM (2473 views)
Re: summary and documents, documents and summary - Rita Killary/NY
6/27/2024 12:49:52 PM (2389 views)
Re: summary and documents, documents and summary - Brandon ONeal/TN
6/27/2024 6:34:39 PM (2503 views)
Re: summary and documents, documents and summary - Serena Stout/VA
7/1/2024 10:02:29 AM (2432 views)
Re: summary and documents, documents and summary - Philip Apter/CT
7/8/2024 10:21:42 AM (2304 views)
Re: summary and documents, documents and summary - stephen willard/OH
7/8/2024 11:07:49 AM (2356 views)
Re: summary and documents, documents and summary - Advanced Background Check/OH
7/9/2024 2:20:40 PM (2264 views)
Re: summary and documents, documents and summary - Ben Wilczynski/PA
7/10/2024 1:48:08 PM (2258 views)
Re: summary and documents, documents and summary - george Hubka/MI
7/10/2024 6:14:15 PM (2216 views)
Re: summary and documents, documents and summary - Ben Wilczynski/PA
7/31/2024 11:00:20 AM (2109 views)

[+] CCOST OF A COMMERICAL SEARCH - Saundra  Scott/MD (3 replies)
6/24/2024 9:01:01 PM (2036 views)

CCOST OF A COMMERICAL SEARCH - Saundra  Scott/MD
6/24/2024 9:00:59 PM (1381 views)

[+] SKY ONE TITLE SERVICES - Michael Rosing/IL (1 reply)
6/20/2024 10:20:37 AM (1585 views)

[+] PLATOON TITLE SERVICES - Michael Rosing/IL (3 replies)
6/18/2024 2:13:38 PM (1916 views)

[+] Foreclosures - Kurt deVries/FL (5 replies)
6/17/2024 1:43:26 PM (1966 views)

[+] S.3402 - End Hedge Fund Control of American Homes Act - Scott Perry/PA (7 replies)
6/10/2024 8:58:55 PM (1596 views)

IN THE QUEUE - Michael Rosing/IL
6/7/2024 11:24:57 AM (1311 views)

POSTS - Michael Rosing/IL
6/4/2024 8:29:28 AM (1301 views)


<< get older messagesget newer messages >>

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