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



[+] Tail End Insurance for Abstractor - Patricia McNamara/MI (10 replies)
5/29/2016 9:48:20 AM (2776 views)

[+] Foreclosure case look up Fulton Co Georgia - Paula Reynolds/FL (1 reply)
5/26/2016 9:30:07 AM (2591 views)

[+] NALTEA Conference - Wanda Steudel/OH (15 replies)
5/25/2016 1:59:44 PM (4612 views)

[+] Global Data / Titleprep No Pay - CYNTHIA  BAILEY/GA (4 replies)
5/24/2016 2:25:23 PM (2658 views)

[+] Title Dynamics - Serena Stout/VA (1 reply)
5/24/2016 11:47:08 AM (3074 views)




[+] C2C Title Services LLC - Serena Stout/VA (8 replies)
5/19/2016 5:13:06 PM (6861 views)

[+] Realmetrix - New Owner/Address - jess barker/IL (4 replies)
5/19/2016 1:25:53 PM (3492 views)

[+] Robert Jones Abstract In Lexington KY - Thomas Pike II/KY (28 replies)
5/18/2016 2:01:03 PM (3735 views)

[+] Capstone...Again.... - Rita Killary/NY (4 replies)
5/18/2016 8:40:53 AM (2797 views)

Any updates on Real Metrix? - Terry  Cox/PA
5/17/2016 10:08:09 PM (2132 views)

[+] Select Business Services - read the fine print - Alix Ott/MI (22 replies)
5/15/2016 7:19:08 PM (3570 views)

[+] Global Data Source / Title Prep - NO PAY - Dan Zook/NY (38 replies)
5/11/2016 12:39:35 PM (4351 views)

[+] Email correspondence between me and a title researcher... - Don Li/NC (19 replies)
5/7/2016 9:00:23 PM (3892 views)

[-] Errors on title reports from India - Lisa Ramsey/TX (6 replies)
5/6/2016 3:20:09 PM (3250 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 3:57:28 PM (2988 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 (2831 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 6:00:07 PM (2783 views)
Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 6:11:04 PM (2860 views)
Re: Errors on title reports from India - Dinesh Valecha/PA
5/23/2016 11:23:17 AM (2440 views)
Re: Errors on title reports from India - Allen Bruce/OH
5/30/2016 12:30:13 PM (2486 views)

[+] COMMFORCE PAYMENT? - jess barker/IL (7 replies)
5/5/2016 2:25:31 PM (2615 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:

Independent Abstractors for Commercial Title Searches
Pippin Title Services's Blog
2026/04/14
0 comments

Seeking Independent Abstractors – Multi-County Outreach
Pippin Title Services's Blog
2026/04/14
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

Articles

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

Latest FBI Cybercrime Report Shows Real Estate Fraud Losses Rising, Reinforcing Need for Strong Consumer Safeguards
“Fraud is not a side issue in housing; it is part of the affordability story,” said Chris Morton, chief exec...
National Association of REALTORS® Reaches Agreement to Resolve Nationwide Homebuyer Claims in Tuccori v. At World Properties
The National Association of REALTORS® (NAR) today announced a settlement agreement that would resolve claims brough...
Remodeling Market Sentiment Edges Down but Remains Positive in First Quarter
“Remodeler sentiment remained generally positive in the first quarter, as it was at the end of last year, even as ...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Higher mortgage rates and continued economic uncertainty weighed down on mortgage applications again last week. W...
March Jobs Report Commentary from MBA's Mike Fratantoni
“Employment increased by 178,000 in March. However, this topline number overstates the strength of this report. Mu...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.