AbstractorPro (Real Title Services)
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



[+] Fee insult - Smitty Strickland/SC (5 replies)
12/15/2013 2:37:26 PM (2373 views)

[+] Capitol Services, Austin, TX - Edward Ulric/SC (2 replies)
12/14/2013 7:43:46 AM (2053 views)

[+] First National Bank Looking for Courthouse Researchers - David Bloys/TX (3 replies)
12/12/2013 1:37:46 PM (5197 views)

Notice Relating to all City of Lynn foreclosure deed filings - Leigh Attridge/MA
12/11/2013 11:32:47 AM (1381 views)

[+] global data/ title prep - cynthia hoffman/PA (9 replies)
12/9/2013 5:04:24 PM (3313 views)


Real Title Services


[+] reliable property reports - Joseph Kelley/MO (3 replies)
12/9/2013 12:09:36 PM (2830 views)

[+] Southeastern Title Services in Al - jane guiles/AL (1 reply)
12/5/2013 9:05:48 PM (2762 views)

[-] New requirements on 1 owner searches - Alix Ott/MI (20 replies)
12/5/2013 5:02:18 PM (2512 views)
Re: New requirements on 1 owner searches - Robert Franco/OH
12/6/2013 4:28:06 PM (2237 views)
Re: New requirements on 1 owner searches - Smitty Strickland/SC
12/9/2013 5:21:09 PM (1800 views)
Re: New requirements on 1 owner searches - martha campbell/VA
12/16/2013 6:34:41 AM (1721 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/19/2013 3:00:11 PM (1636 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/19/2013 4:08:23 PM (1753 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.

to post a reply: login - or - register


Re: New requirements on 1 owner searches - Nils Nelson/ME
12/19/2013 9:10:03 PM (1504 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/20/2013 8:06:20 AM (1533 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/20/2013 8:21:34 AM (1632 views)
Re: New requirements on 1 owner searches - Scott Perry/PA
12/21/2013 1:32:08 PM (1601 views)
Re: New requirements on 1 owner searches - george Hubka/MI
12/23/2013 11:26:04 PM (1562 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/27/2013 1:15:32 PM (1427 views)
Re: New requirements on 1 owner searches - Marian Severance/PA
1/13/2014 11:57:06 AM (1372 views)
Re: New requirements on 1 owner searches - george Hubka/MI
12/23/2013 11:23:16 PM (1591 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/27/2013 1:04:35 PM (1471 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/27/2013 1:22:27 PM (1498 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/30/2013 10:39:34 AM (1421 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/30/2013 10:53:29 AM (1462 views)
Re: New requirements on 1 owner searches - James Powell/MI
1/8/2014 9:45:45 AM (1467 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
1/8/2014 9:56:35 AM (1547 views)
Re: New requirements on 1 owner searches - James Powell/MI
1/10/2014 11:24:55 AM (1488 views)

[+] RELIABLE NH Abstractors Needed ASAP - K C/NJ (1 reply)
12/5/2013 12:54:23 PM (2134 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 (1824 views)

EasyDocs123.com - John Rawlings/WI
12/3/2013 2:47:27 PM (1771 views)

[+] Database for Title Reports - Smitty Strickland/SC (7 replies)
12/1/2013 6:15:05 PM (2243 views)

[+] Simplicity Settlements - Marian Severance/PA (4 replies)
12/1/2013 12:49:07 PM (1976 views)

[+] TTR Real Estate - Marian Severance/PA (1 reply)
12/1/2013 12:47:59 PM (1923 views)

VEL IT SOLUTION, INC. - Rita Killary/NY
11/29/2013 1:53:32 PM (2010 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 8917 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:

Looking for Title Search Vendor in California
Irfan pasha's Blog
2024/05/29
0 comments

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Articles

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

Families Must Spend 38% of Their Income on Mortgage Payments, New NAHB Index Shows
“The Cost of Housing Index clearly shows that a growing shortage of affordable housing is hurting families and com...
New Home Sales in April Down on Higher Mortgage Rates
“A lack of homes in the resale market combined with softening of the median new home price should incentivize home...
Former title agent sentenced to 36 months in prison for $6.6 million mortgage fraud scheme
On May 22, a former title agent was sentenced to 36 months in federal prison and ordered to pay $6,634,750.00 in forfeit...
Fidelity National Financial Names Jason Nadeau As Chief Artificial Intelligence Officer
"FNF's overall technology vision has always included emerging technologies," said Mike Nolan, CEO of Fidelity National F...
Existing-Home Sales Retreated 1.9% in April
"Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming on...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.