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[+] Southeastern Title Services in Al - jane guiles/AL (1 reply)
12/5/2013 9:05:48 PM (2749 views)

[-] New requirements on 1 owner searches - Alix Ott/MI (20 replies)
12/5/2013 5:02:18 PM (2502 views)
Re: New requirements on 1 owner searches - Robert Franco/OH
12/6/2013 4:28:06 PM (2210 views)
Re: New requirements on 1 owner searches - Smitty Strickland/SC
12/9/2013 5:21:09 PM (1770 views)
Re: New requirements on 1 owner searches - martha campbell/VA
12/16/2013 6:34:41 AM (1693 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/19/2013 3:00:11 PM (1616 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/19/2013 4:08:23 PM (1721 views)

You are speaking from the perspective of a title company, not an abstractor in this case.  We do not know what searches we complete become a policy or a refi report.  We can ASSUME if we're working for a title company that a full search will end up in a commitment, but even then they would not request a THIRTY year search but a FORTY by Michigan Statute.  Our 1 owner searches -- for which we charge accordingly -- are back to a good WD into the current owner and forward.  We don't search for easements beyond the timeframe of the search.  Are they refi's?  Of course they are.  But even then, we are doing what the client tells us to do and it is their responsibility to order what they want.  My issue is that they expect a 1 owner search AND easements, which are not one and the same for a 1 owner price.  If they want a full search, we'll happily provide same, which will include the easements within the timeframe of the search (and we all know that most power and phone easements went in place in the 1920's and 30's so even a full search doesn't pick them up).

 

Searching oil/gas leases and reporting same is leading the client to believe that the person holding the lease actually owns the rights.  This may not be the case as Landmen do not do a thorough search for rights until payment on the lease and/or drilling begins.  Many a time we had Buyers on our team make an agreement -- and even record -- leases, only to find later that the surface owner wasn't the owner of the minerals.  There is an out clause in those cases and the lease becomes null and void.  Meanwhile, an undereducated title company is going to make assumptions where they shouldn't.

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Re: New requirements on 1 owner searches - Nils Nelson/ME
12/19/2013 9:10:03 PM (1468 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/20/2013 8:06:20 AM (1504 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/20/2013 8:21:34 AM (1601 views)
Re: New requirements on 1 owner searches - Scott Perry/PA
12/21/2013 1:32:08 PM (1568 views)
Re: New requirements on 1 owner searches - george Hubka/MI
12/23/2013 11:26:04 PM (1533 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/27/2013 1:15:32 PM (1398 views)
Re: New requirements on 1 owner searches - Marian Severance/PA
1/13/2014 11:57:06 AM (1345 views)
Re: New requirements on 1 owner searches - george Hubka/MI
12/23/2013 11:23:16 PM (1557 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/27/2013 1:04:35 PM (1443 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/27/2013 1:22:27 PM (1471 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/30/2013 10:39:34 AM (1393 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/30/2013 10:53:29 AM (1422 views)
Re: New requirements on 1 owner searches - James Powell/MI
1/8/2014 9:45:45 AM (1435 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
1/8/2014 9:56:35 AM (1520 views)
Re: New requirements on 1 owner searches - James Powell/MI
1/10/2014 11:24:55 AM (1453 views)

[+] RELIABLE NH Abstractors Needed ASAP - K C/NJ (1 reply)
12/5/2013 12:54:23 PM (2123 views)

[+] Comment on "Federal Appeals Court Issues Decision in Carter v. Welles Bowen" - Source of Title/OH (5 replies)
12/4/2013 10:31:59 AM (1813 views)

EasyDocs123.com - John Rawlings/WI
12/3/2013 2:47:27 PM (1765 views)




[+] Database for Title Reports - Smitty Strickland/SC (7 replies)
12/1/2013 6:15:05 PM (2235 views)

[+] Simplicity Settlements - Marian Severance/PA (4 replies)
12/1/2013 12:49:07 PM (1964 views)

[+] TTR Real Estate - Marian Severance/PA (1 reply)
12/1/2013 12:47:59 PM (1911 views)

VEL IT SOLUTION, INC. - Rita Killary/NY
11/29/2013 1:53:32 PM (2000 views)

[+] ProTitle - Ellen Maher/MI (33 replies)
11/27/2013 2:23:53 PM (2509 views)

Mind blowing.... well maybe not? - Nils Nelson/ME
11/26/2013 2:22:56 PM (3085 views)

[+] JPMorgan 13 Billion Settlement - Leigh Attridge/MA (1 reply)
11/19/2013 3:58:20 PM (3521 views)

[+] Just talked with Eclipse Real Estate Services - Tammy Skrzypek/FL (7 replies)
11/18/2013 6:13:35 PM (2668 views)

[+] Customers that don't pay for your searches - Miriam Shoaff-Rolles/IN (3 replies)
11/18/2013 7:53:28 AM (2443 views)

[+] Comment on "Why "Robo-Signed" Mortgage Assignments Usually Survive Challenges in Foreclosure" - Source of Title/OH (4 replies)
11/18/2013 7:42:22 AM (1921 views)


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