Real Title Services
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



[-] Errors on title reports from India - Lisa Ramsey/TX (6 replies)
5/6/2016 3:20:09 PM (3344 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 3:57:28 PM (3312 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 (3132 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 6:00:07 PM (3077 views)
Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 6:11:04 PM (3186 views)
Re: Errors on title reports from India - Dinesh Valecha/PA
5/23/2016 11:23:17 AM (2767 views)
Re: Errors on title reports from India - Allen Bruce/OH
5/30/2016 12:30:13 PM (2761 views)

[+] COMMFORCE PAYMENT? - jess barker/IL (7 replies)
5/5/2016 2:25:31 PM (2728 views)

[+] ABSTRAX LLC - Christine Johnson/NC (12 replies)
5/3/2016 10:34:22 AM (4315 views)

[+] Accurate Group Auto Pay?? - William Bertram/SC (5 replies)
5/2/2016 9:19:37 AM (3074 views)

[+] prosersolutions abstractor - SALLY BURSETH/WI (5 replies)
4/30/2016 10:26:32 AM (3211 views)




[+] Rockedges a non payer - Randi Erickson/MN (12 replies)
4/30/2016 7:31:56 AM (2790 views)

Scott Palen - Don Li/NC
4/26/2016 11:44:22 AM (2225 views)

[+] BEWARE of GRTechno Soft LLC - Scott Sieja/MI (5 replies)
4/26/2016 9:38:21 AM (3167 views)

[+] Any reviews on V7hillinc...? - Teresa Berbes/MA (8 replies)
4/25/2016 6:24:27 PM (2941 views)

[+] Certification and/or Registry - Deborah Mitchell/PA (1 reply)
4/19/2016 10:58:23 AM (2756 views)

[+] Payments pending for Anisaa Group LLC - DAVID THOMAS/CT (2 replies)
4/19/2016 2:46:42 AM (2949 views)

[+] Selling a NC Title Search Bussiness Part 3? - Cody Dylan/NC (2 replies)
4/18/2016 12:53:00 AM (3084 views)

[+] Speed Title Service - John Baker/OH (1 reply)
4/17/2016 12:10:33 PM (2979 views)

[+] ServiceLink - Dan Stohr/MI (3 replies)
4/15/2016 2:16:02 PM (3915 views)

Advanced Title & Settlements, LLC - Wayne Brown/VA
4/14/2016 11:45:46 AM (2159 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 8977 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:

Practical Obscurity, Revisited
Blurbs from the Bossman
2026/08/06
0 comments

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

Articles

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

NAR Existing-Home Sales Report Shows 2.0% Decrease in August
“Mortgage rates and home sales move in opposite directions, so it's not surprising to see a mild dip in home buyin...
There's No Single "Data Center Effect" on Housing Markets, NAR Report Finds
“There is no single data center effect. Instead, the story varies significantly depending on the local market,R...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates moved higher last week, driven by ongoing investor concerns over inflation and the federal budget ...
Kriss Law/Atlantic Closing & Escrow Welcomes Partner Nicole Torres
"Nicole is exactly the kind of attorney who helps a firm grow the right way," said KL/ACE President and CEO Scott D. Kri...
Title Resources Group Appoints Cheryl Cowherd as Deputy Chief Underwriting Counsel, Central Plains
“Cheryl is one of the most respected underwriting professionals in the title industry, bringing decades of experie...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.