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[+] Why a St. Louis City and a St. Louis County Courthouse - Jay Duncan/MO (5 replies)
7/13/2007 10:45:00 PM (3193 views)

[+] Occupational Tax - Carla Curry/KY (19 replies)
7/13/2007 5:36:26 PM (2282 views)

[+] The Latest Defalcation - Joshua Lukins/IA (2 replies)
7/13/2007 1:10:56 PM (4164 views)

[+] OT... someone might know... - Loretta Reed/MD (1 reply)
7/12/2007 8:06:59 PM (2031 views)

[-] Freddie Mac to Reduce Fees - Smitty Strickland/SC (15 replies)
7/12/2007 3:56:36 PM (2281 views)
Re: Freddie Mac to Reduce Fees - Kevin Ahern/CT
7/12/2007 4:51:24 PM (2450 views)
Re: Freddie Mac to Reduce Fees - George Booth/OH
7/12/2007 5:12:23 PM (2469 views)
Re: Freddie Mac to Reduce Fees - Kevin Ahern/CT
7/12/2007 6:22:56 PM (2305 views)
Re: Freddie Mac to Reduce Fees - Scott Perry/PA
7/12/2007 6:22:49 PM (2334 views)
Re: Freddie Mac to Reduce Fees - Kevin Ahern/CT
7/12/2007 6:23:46 PM (2423 views)
Re: Freddie Mac to Reduce Fees - Scott Perry/PA
7/12/2007 6:28:37 PM (2313 views)
Re: Freddie Mac to Reduce Fees - Kevin Ahern/CT
7/12/2007 8:28:26 PM (2429 views)
Re: Freddie Mac to Reduce Fees - Robert Franco/OH
7/12/2007 6:49:26 PM (2359 views)
Re: Freddie Mac to Reduce Fees - Scott Perry/PA
7/12/2007 7:02:48 PM (2361 views)
Re: Freddie Mac to Reduce Fees - Kevin Ahern/CT
7/12/2007 7:51:32 PM (2363 views)
CT Abstractor Foreclosure Search Fees - Bobbi Shorthouse, Notary Public/CT
7/16/2007 9:03:33 AM (2545 views)
Re: CT Abstractor Foreclosure Search Fees - Robert Franco/OH
7/16/2007 11:18:54 AM (2316 views)
Re: CT Abstractor Foreclosure Search Fees - Kevin Ahern/CT
7/16/2007 1:14:49 PM (2449 views)

The $150.00 fee (expense) for a foreclosure search is long overdue for an increase. I have been practicing for 23 years, and can remember when the court first increased the award for the title search from $75.00 to $150.00.  I would never accept a foreclosure search for less than the full amount awarded by the court. There is much more attention to detail required...tracking down all of the assignments of mortgages and liens is critical because only the current lien/mortgage holders are proper party defendants. If the plaintiff serves a former lien holder/mortgagee with a summons...he may elect to ignore it because he no longer has any interest to foreclose, and the unserved assignee's interest will not be foreclosed because he has not been served with notice of the foreclosure action...making it necessary to reopen the foreclosure to foreclose his interest. Ultimately the additional cost of reopening the case and foreclosing the interest is liability which the law firm may seek to recover from the abstractor.

Tax lien foreclosures are particualar difficult. Usually when the property owner is not paying his taxes he is also not paying his other expenses. These properties are usually heavily encumbered. In Connecticut not all of the cities or towns foreclose these liens...but rather sell/assign them to third party debt collectors for foreclosure.

 

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Re: CT Abstractor Foreclosure Search Fees - Robert Franco/OH
7/16/2007 2:09:22 PM (2348 views)
Re: CT Abstractor Foreclosure Search Fees - Kevin Ahern/CT
7/16/2007 3:24:39 PM (2374 views)


Real Title Services


National Title Insurance Carrier - Dexter Jung/TX
7/12/2007 9:23:27 AM (1777 views)

[+] Sovereign Title Agency - Jennifer Knott/PA (2 replies)
7/12/2007 9:07:49 AM (2311 views)

[+] Another request for reduction in fees - Jay Duncan/MO (14 replies)
7/12/2007 6:00:14 AM (2356 views)

The Guy In the Ad on SOT's Home Page... - Scott Perry/PA
7/11/2007 8:54:24 PM (1913 views)

[+] More Etiquette suggestions - Deborah Manion/VA (4 replies)
7/11/2007 11:43:35 AM (2172 views)

[+] LandSafe - Scott Aduddell/MO (1 reply)
7/11/2007 8:28:11 AM (2607 views)

[+] PHILLYSUB SEARCHES - Scott Perry/PA (22 replies)
7/11/2007 7:27:15 AM (2255 views)

E-mail / Posting Etiquette - Jay Duncan/MO
7/10/2007 8:31:19 PM (2913 views)

[+] Political Junk is back up! - George Booth/OH (1 reply)
7/10/2007 8:29:22 PM (3084 views)

[+] Resource Confidential - Paralegal Services & Courthouse Research/NY (1 reply)
7/10/2007 4:40:13 PM (2224 views)


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