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



[+] Global Data Source / Title Prep - NO PAY - Dan Zook/NY (38 replies)
5/11/2016 12:39:35 PM (4267 views)

[+] Email correspondence between me and a title researcher... - Don Li/NC (19 replies)
5/7/2016 9:00:23 PM (3817 views)

[-] Errors on title reports from India - Lisa Ramsey/TX (6 replies)
5/6/2016 3:20:09 PM (3201 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 3:57:28 PM (2843 views)


From what I understand new changes in the Consumer Finance Protection act changed that trend, adding substantially more  liability on the lender thus they were shying away from off-shore online title search vendors. I have witnessed this, as throughout end of 2015 through to current I frequently get messages asking if I would be willing to start an on-shore company or office on their behalf (it happens at LEAST once a week). It is speculated this is because while they provide a price suppressed service at very low price, the liability outweighs the money saved.

Also think about it: suppose an off-shore company (for example, one from China or India) conducts a title search on behalf of a lender. They miss some critical instrument(a pending foreclosure, etc). The bank is liable, but the bank is going to, in a normal case, sue you, correct? Well now that company is all the way in ANOTHER COUNTRY subject to different laws. Even when it comes to International Law, getting counsel to sue them will cost you an ENORMOUS amount of money and you may not even see a dime. Even if you do, it will be LONG before you see it and the legal costs would be just too high for it to even matter.

Thus, I don't think anyone, if they have encountered this scenario, would be willing to speak, but I too encourage them to create a fake-login and discuss it, as I too would be interested in hearing their story.

 

 

 

 

to post a reply: login - or - register


Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 5:51:20 PM (2688 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 6:00:07 PM (2639 views)
Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 6:11:04 PM (2721 views)
Re: Errors on title reports from India - Dinesh Valecha/PA
5/23/2016 11:23:17 AM (2298 views)
Re: Errors on title reports from India - Allen Bruce/OH
5/30/2016 12:30:13 PM (2353 views)

[+] COMMFORCE PAYMENT? - jess barker/IL (7 replies)
5/5/2016 2:25:31 PM (2545 views)

[+] ABSTRAX LLC - Christine Johnson/NC (12 replies)
5/3/2016 10:34:22 AM (4139 views)


Real Title Services


[+] Accurate Group Auto Pay?? - William Bertram/SC (5 replies)
5/2/2016 9:19:37 AM (2923 views)

[+] prosersolutions abstractor - SALLY BURSETH/WI (5 replies)
4/30/2016 10:26:32 AM (3015 views)

[+] Rockedges a non payer - Randi Erickson/MN (12 replies)
4/30/2016 7:31:56 AM (2638 views)

Scott Palen - Don Li/NC
4/26/2016 11:44:22 AM (2091 views)

[+] BEWARE of GRTechno Soft LLC - Scott Sieja/MI (5 replies)
4/26/2016 9:38:21 AM (2995 views)

[+] Any reviews on V7hillinc...? - Teresa Berbes/MA (8 replies)
4/25/2016 6:24:27 PM (2750 views)

[+] Certification and/or Registry - Deborah Mitchell/PA (1 reply)
4/19/2016 10:58:23 AM (2582 views)

[+] Payments pending for Anisaa Group LLC - DAVID THOMAS/CT (2 replies)
4/19/2016 2:46:42 AM (2770 views)

[+] Selling a NC Title Search Bussiness Part 3? - Cody Dylan/NC (2 replies)
4/18/2016 12:53:00 AM (2912 views)

[+] Speed Title Service - John Baker/OH (1 reply)
4/17/2016 12:10:33 PM (2740 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 8961 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:

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Home buyers are more active this fall.....
Michael Stelzer's Blog
2025/11/27
0 comments

Articles

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

NotaryCam surpasses 2 million lifetime notarizations, doubles credit card transaction volume in 2025
“2025 was a pivotal year for NotaryCam as we saw record adoption of remote online notarization across real estate,...
Alanna.ai, Settlor Partner to Give Title Firms Technology Options for FinCEN Compliance
Alanna.ai and Settlor have announced their collaboration in developing flexible technology solutions to ensure title and...
Title Company Owner Sentenced for Embezzlement
Jonathan Yasko (46, Winter Springs) has been sentenced by U.S. District Judge Julie S. Sneed to 27 months in federal pri...
Propy Raises $100 Million to Reimagine Real Estate Transactions With AI
Propy plans to acquire firms generating $5 million to $20 million in annual revenue across California, Texas, Tennessee,...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates increased for the first time in a month, and as expected, refinance applications fell by 16 percen...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.