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DRN , no pay. - A. Christopher Hohenfels/VA
11/5/2021 10:32:28 AM (1450 views)
Re: DRN ,partial paid, took a while - A. Christopher Hohenfels/VA
11/7/2021 8:23:17 PM (1791 views)
Re: DRN , paid in full, all ok - A. Christopher Hohenfels/VA
1/29/2022 10:43:58 AM (1143 views)

DRN any reports ? - A. Christopher Hohenfels/VA
11/5/2021 10:24:00 AM (1358 views)
Re: DRN any reports ? - Smitty Strickland/SC
11/7/2021 4:36:59 PM (1716 views)
Re: DRN any reports ? - Joyce Harper/OH
11/8/2021 10:11:24 AM (1614 views)

E&O - sharon tornes/MN
10/28/2021 10:36:46 AM (1161 views)
Re: E&O - Smitty Strickland/SC
10/30/2021 7:34:19 PM (1581 views)
Re: E&O - Jeanine Johnson/MN
12/6/2021 5:18:07 PM (1310 views)

Fee Favor.com - SUZANNE WALLACE/CA
10/26/2021 2:19:52 PM (1675 views)
Re: Fee Favor.com - DB Title Solutions/CA
10/31/2021 4:48:24 AM (1779 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
10/31/2021 9:03:38 PM (1705 views)
Re: Fee Favor.com - Paula Reynolds/FL
11/1/2021 8:38:06 AM (1770 views)
Re: Fee Favor.com - Smitty Strickland/SC
11/1/2021 4:19:06 PM (1733 views)
Re: Fee Favor.com - george Hubka/MI
12/13/2021 12:39:23 PM (1247 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:04:43 PM (1465 views)
Re: Fee Favor.com - Rene Blevins/VA
11/8/2021 12:17:47 PM (1524 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:05:36 PM (1497 views)
Re: Fee Favor.com - Chris Crook/GA
11/8/2021 8:57:34 PM (1539 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
12/7/2021 6:06:59 PM (1410 views)

Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (1118 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/25/2021 12:08:51 PM (1579 views)
Re: Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 12:12:57 PM (1494 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (1447 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (1499 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (1423 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (1483 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (1498 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (1308 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (1498 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:10:47 PM (1281 views)
Re: Cook County, Illinois RECORDER not Title Plant - Victoria Moate/NJ
11/16/2021 10:00:08 PM (1251 views)


Real Title Services


TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (1277 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (1272 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (1111 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (1567 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1093 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (1638 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (1422 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (1622 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (1651 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (1904 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (1865 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (1978 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (1853 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (1697 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (1630 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (1708 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (1612 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (1785 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (1610 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (1582 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (1557 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (1498 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (1648 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (1593 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (1503 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (1195 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (1500 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (1534 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (1159 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (1460 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (1490 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 (1249 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (1317 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (1210 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (1192 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (1325 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (1137 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (1136 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (1157 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (1149 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (2110 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (1137 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (1102 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (1077 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (1066 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (1098 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (1066 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (1117 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (1131 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (1427 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (1445 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (1652 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (1531 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (1577 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (1549 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (1510 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (1564 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (1494 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (1473 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (1500 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (1441 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (1360 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (1325 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (1123 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (1060 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (1011 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (1727 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (2053 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (1829 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (1944 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (1741 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (1538 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (1558 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (1574 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (1588 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (1236 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (1539 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (1492 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (1516 views)


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