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Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (1106 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/25/2021 12:08:51 PM (1573 views)
Re: Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 12:12:57 PM (1490 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (1437 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (1498 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (1417 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (1476 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (1495 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (1305 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (1495 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:10:47 PM (1276 views)
Re: Cook County, Illinois RECORDER not Title Plant - Victoria Moate/NJ
11/16/2021 10:00:08 PM (1246 views)

TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (1264 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (1268 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (1095 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (1561 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1079 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (1633 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (1416 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (1616 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (1643 views)




Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (1898 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (1857 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (1971 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (1848 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (1693 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (1619 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (1701 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (1609 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (1778 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (1604 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (1575 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (1550 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (1489 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (1641 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (1587 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (1497 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (1189 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (1495 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (1528 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (1152 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (1456 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (1485 views)

Here is what is happening in the search/underwriting world (and has been for 20 years or more depending on what state you are in).

 

Data shows that an underwriter can require the follow scope of search on an Owner Policy:

1. Search from all liens and encumbrances from the last owner forward (WDD/PMM)

Extra cautious underwriters might say last TWO Owners forward.

During this search period the underwriter is looking for all items that need to be paid and released and closing (mortgages, liens, etc).

When an underwriter has evidence of an insured transaction the risk of claims for a missed lien or mortgage goes WAY down. So the time spend searching the owners before that does not bear fruit. It's simply a waste of the abstractors time.

In addition to the liens and mortgages, underwriters want to show easements, restrictions, HOA, Decs, etc on the title commitment. This is where you may have some disagreement on how far back these B2 items need to be searched for. 

One school of thought says, if the plat was recorded longer ago than the statutory search period (or customary) in that state then the abstractor does not need to conduct a further search because basically everything that affects the property in the last 42 years (Ohio Example) has been found in the last owner or last two owner search.

Others might say, we really want these B2's no matter how old they are, but as we all know that would take us back to 1900 in many places looking for things like joint driveway easements in OLD allotments, etc.  

As we all now, once you search a subdivision one time, you can save the B2s in your files and pull them out when that subdivision comes up again and slap them on the file for the customer. This is typically termed pull the plat card or pulling the subdivision base file. 

 If you do it right you will charge the customer for the 1 or 2 owner search (whichever they require) and then charge them something for the B2's. By saving and repeating the B2's you will be able to turn orders faster and charge many times for the work you did one time.

There will be LOTS of times (if the underwriter doesn't require any B2's behind the statutory/customer period where you are simply doing a 1 or 2 owner search (for a purchase) just like you would for a loan policy (refinance). And if that's the case, that's all the customer should be charged for IMO. 

 Clearly it's unreasonable for a client to think you are going to get B2's for the same price as a 1 or 2 owner search. I think most of your clients will understand that if you explain it to them.  

 While I'm employed by an underwriter, I am not speaking on behalf of the company here.

 

 

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Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:22:20 PM (1244 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (1313 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (1203 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (1188 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (1319 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (1130 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (1126 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (1152 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (1143 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (2103 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (1132 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (1100 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (1067 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (1062 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (1089 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (1059 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (1112 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (1128 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (1417 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (1438 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (1649 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (1519 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (1573 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (1543 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (1504 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (1560 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (1488 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (1465 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (1491 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (1436 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (1354 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (1318 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (1121 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (1052 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (1007 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (1720 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (2047 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (1821 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (1940 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (1734 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (1532 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (1556 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (1569 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (1581 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (1230 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (1533 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (1491 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (1513 views)

ALTERNATIVE FAX NUMBER - Heidi Gemeling/FL
9/13/2021 5:07:42 PM (984 views)
Re: ALTERNATIVE FAX NUMBER - Brandon ONeal/TN
9/13/2021 6:24:24 PM (1492 views)
Re: ALTERNATIVE FAX NUMBER - Craig Honeker/AZ
9/16/2021 5:31:32 PM (1497 views)
Re: ALTERNATIVE FAX NUMBER - Marilyn Knobel/NY
9/20/2021 9:02:36 AM (1353 views)
Re: ALTERNATIVE FAX NUMBER - Alix Ott/MI
9/28/2021 9:27:55 AM (1356 views)

NobleServe,LLC - Smitty Strickland/SC
9/13/2021 5:00:51 PM (1662 views)
Re: NobleServe,LLC - Randi Erickson/MN
9/15/2021 3:23:17 PM (1910 views)
Re: NobleServe,LLC - Marilyn Knobel/NY
9/20/2021 9:03:24 AM (1678 views)

ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/9/2021 12:48:14 PM (1338 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - William Duncan/SC
9/10/2021 11:40:16 AM (1651 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/10/2021 5:41:55 PM (1541 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Jolene Crofoot/MN
9/13/2021 12:16:25 PM (1460 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Erich Wiedel/MD
9/20/2021 9:01:49 AM (1385 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Alix Ott/MI
9/28/2021 9:24:07 AM (1351 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/28/2021 6:58:28 PM (6726 views)

CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/8/2021 8:01:04 AM (1197 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - James Powell/MI
9/9/2021 12:04:26 PM (1539 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Ed Frederick/IN
9/9/2021 2:36:13 PM (1523 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:50:23 AM (1406 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:06:03 AM (1379 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/13/2021 10:19:05 AM (1425 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Robert Franco/OH
9/14/2021 11:50:34 AM (1470 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/11/2021 8:49:34 AM (1093 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
10/25/2021 11:15:37 PM (1041 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/26/2021 5:40:01 AM (1041 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
12/19/2021 9:29:11 PM (894 views)


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