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



[+] Robert Jones Abstract In Lexington KY - Thomas Pike II/KY (28 replies)
5/18/2016 2:01:03 PM (3657 views)

[+] Capstone...Again.... - Rita Killary/NY (4 replies)
5/18/2016 8:40:53 AM (2733 views)

Any updates on Real Metrix? - Terry  Cox/PA
5/17/2016 10:08:09 PM (2091 views)

[+] Select Business Services - read the fine print - Alix Ott/MI (22 replies)
5/15/2016 7:19:08 PM (3505 views)

[+] Global Data Source / Title Prep - NO PAY - Dan Zook/NY (38 replies)
5/11/2016 12:39:35 PM (4297 views)




[+] Email correspondence between me and a title researcher... - Don Li/NC (19 replies)
5/7/2016 9:00:23 PM (3829 views)

[-] Errors on title reports from India - Lisa Ramsey/TX (6 replies)
5/6/2016 3:20:09 PM (3211 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 3:57:28 PM (2871 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 (2698 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 6:00:07 PM (2664 views)
Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 6:11:04 PM (2740 views)
Re: Errors on title reports from India - Dinesh Valecha/PA
5/23/2016 11:23:17 AM (2325 views)
Re: Errors on title reports from India - Allen Bruce/OH
5/30/2016 12:30:13 PM (2380 views)

[+] COMMFORCE PAYMENT? - jess barker/IL (7 replies)
5/5/2016 2:25:31 PM (2559 views)

[+] ABSTRAX LLC - Christine Johnson/NC (12 replies)
5/3/2016 10:34:22 AM (4147 views)

[+] Accurate Group Auto Pay?? - William Bertram/SC (5 replies)
5/2/2016 9:19:37 AM (2935 views)

[+] prosersolutions abstractor - SALLY BURSETH/WI (5 replies)
4/30/2016 10:26:32 AM (3033 views)

[+] Rockedges a non payer - Randi Erickson/MN (12 replies)
4/30/2016 7:31:56 AM (2646 views)

Scott Palen - Don Li/NC
4/26/2016 11:44:22 AM (2093 views)

[+] BEWARE of GRTechno Soft LLC - Scott Sieja/MI (5 replies)
4/26/2016 9:38:21 AM (3006 views)

[+] Any reviews on V7hillinc...? - Teresa Berbes/MA (8 replies)
4/25/2016 6:24:27 PM (2761 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:

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

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

Articles

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

Low-Rise Multifamily Shows Strength at End of 2025; Other Segments Weak
“Multifamily developers are somewhat less optimistic than they were at this time last year—except in the mar...
NAR Existing-Home Sales Report Shows 8.4% Decrease in January
"The decrease in sales is disappointing. The below-normal temperatures and above-normal precipitation this January make ...
Mortgage Delinquencies Increase in the Fourth Quarter of 2025
“Mortgage delinquencies increased across all three major loan types – Conventional, FHA, and VA – in t...
Statement of Bob Broeksmit, MBA President and CEO, on Homeownership and the Secondary Mortgage Market
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit, CMB, testified today at a legislative hearing before...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage applications were relatively flat over the week, but it was a mixed bag for the different loan types. Th...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.