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NON-PAYERS Mott MacDonald - Angela Sharp/CA
11/9/2021 1:40:05 PM (1524 views)
Re: NON-PAYERS Mott MacDonald - george Hubka/MI
12/13/2021 12:27:12 PM (1511 views)

Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Source of Title/OH
11/8/2021 9:42:02 AM (1886 views)
ALTA does it again, without support of members - Patrick Miller/LA
11/8/2021 9:42:02 AM (2576 views)
Re: ALTA does it again, without support of members - Garret  Fitzgerald/VA
11/8/2021 10:10:40 AM (2427 views)
Re: ALTA does it again, without support of members - Robert Franco/OH
11/8/2021 1:33:29 PM (2598 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
11/8/2021 10:14:00 AM (2351 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Robert Franco/OH
11/8/2021 1:26:30 PM (2433 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
11/8/2021 1:45:33 PM (2447 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - george Hubka/MI
12/13/2021 12:31:09 PM (2129 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
12/13/2021 1:32:25 PM (2170 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - george Hubka/MI
12/13/2021 6:57:49 PM (2143 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
12/13/2021 6:59:45 PM (2095 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Rita Killary/NY
12/20/2021 9:32:31 AM (2013 views)
Bridge to Nowhere - Judy Maclauchlan/LA
12/27/2021 9:22:04 AM (1933 views)
Home Rule/State Rule vs Federal Rule - Victoria Moate/NJ
11/23/2021 11:16:22 AM (2182 views)
Re: Home Rule/State Rule vs Federal Rule - george Hubka/MI
12/13/2021 12:37:13 PM (2109 views)
Re: Home Rule/State Rule vs Federal Rule - Garret  Fitzgerald/VA
12/13/2021 7:01:44 PM (2071 views)
Re: Home Rule/State Rule vs Federal Rule - george Hubka/MI
12/13/2021 8:55:43 PM (2059 views)
Re: Home Rule/State Rule vs Federal Rule - george Hubka/MI
12/19/2021 9:26:30 PM (1991 views)
Re: Home Rule/State Rule vs Federal Rule - Garret  Fitzgerald/VA
12/20/2021 11:18:31 AM (2008 views)

DRN , no pay. - A. Christopher Hohenfels/VA
11/5/2021 10:32:28 AM (1489 views)
Re: DRN ,partial paid, took a while - A. Christopher Hohenfels/VA
11/7/2021 8:23:17 PM (1860 views)
Re: DRN , paid in full, all ok - A. Christopher Hohenfels/VA
1/29/2022 10:43:58 AM (1190 views)

DRN any reports ? - A. Christopher Hohenfels/VA
11/5/2021 10:24:00 AM (1383 views)
Re: DRN any reports ? - Smitty Strickland/SC
11/7/2021 4:36:59 PM (1776 views)
Re: DRN any reports ? - Joyce Harper/OH
11/8/2021 10:11:24 AM (1664 views)

E&O - sharon tornes/MN
10/28/2021 10:36:46 AM (1196 views)
Re: E&O - Smitty Strickland/SC
10/30/2021 7:34:19 PM (1631 views)
Re: E&O - Jeanine Johnson/MN
12/6/2021 5:18:07 PM (1364 views)


Real Title Services


Fee Favor.com - SUZANNE WALLACE/CA
10/26/2021 2:19:52 PM (1707 views)
Re: Fee Favor.com - DB Title Solutions/CA
10/31/2021 4:48:24 AM (1832 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
10/31/2021 9:03:38 PM (1762 views)
Re: Fee Favor.com - Paula Reynolds/FL
11/1/2021 8:38:06 AM (1828 views)
Re: Fee Favor.com - Smitty Strickland/SC
11/1/2021 4:19:06 PM (1807 views)
Re: Fee Favor.com - george Hubka/MI
12/13/2021 12:39:23 PM (1311 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:04:43 PM (1525 views)
Re: Fee Favor.com - Rene Blevins/VA
11/8/2021 12:17:47 PM (1583 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:05:36 PM (1566 views)
Re: Fee Favor.com - Chris Crook/GA
11/8/2021 8:57:34 PM (1597 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
12/7/2021 6:06:59 PM (1473 views)

Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (1139 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/25/2021 12:08:51 PM (1646 views)
Re: Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 12:12:57 PM (1557 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (1510 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (1564 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (1489 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (1547 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (1558 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (1365 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (1563 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:10:47 PM (1339 views)
Re: Cook County, Illinois RECORDER not Title Plant - Victoria Moate/NJ
11/16/2021 10:00:08 PM (1315 views)

TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (1299 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (1330 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (1132 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (1623 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1119 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (1698 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (1443 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (1691 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (1725 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (1937 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (1929 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (2049 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (1916 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (1759 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (1696 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (1773 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (1684 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (1850 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (1666 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (1644 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (1616 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (1577 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (1698 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (1662 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (1561 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (1267 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (1566 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (1599 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (1219 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (1521 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (1548 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 (1322 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (1377 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (1264 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (1255 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (1379 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (1188 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (1196 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (1214 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (1224 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (2171 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (1196 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (1163 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (1130 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (1124 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (1174 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (1132 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (1180 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (1197 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (1441 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (1461 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (1721 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (1597 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (1655 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (1609 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (1567 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (1640 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (1559 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (1533 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (1561 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (1509 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (1422 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (1393 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (1186 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (1118 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (1027 views)


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