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[+] Important Notice for Internet Explorer 11 Users - Slade Smith/OH (3 replies)
12/18/2013 1:48:46 PM (2117 views)

[+] RF Realty Services, LLC - HANNAH ANTHONY/GA (1 reply)
12/18/2013 12:44:12 PM (2448 views)

[+] Comment on "Foreclosure Attorneys Get 90 Day Suspensions for Robo-Signing" - Source of Title/OH (4 replies)
12/17/2013 2:33:58 PM (2134 views)

[+] Central Lending Services Direct D/B/A CLS Direct, Inc. - Joyce Obrien/PA (8 replies)
12/16/2013 12:34:43 PM (4707 views)

[+] Fee insult - Smitty Strickland/SC (5 replies)
12/15/2013 2:37:26 PM (2631 views)




[+] Capitol Services, Austin, TX - Edward Ulric/SC (2 replies)
12/14/2013 7:43:46 AM (2303 views)

[+] First National Bank Looking for Courthouse Researchers - David Bloys/TX (3 replies)
12/12/2013 1:37:46 PM (5501 views)

Notice Relating to all City of Lynn foreclosure deed filings - Leigh Attridge/MA
12/11/2013 11:32:47 AM (1562 views)

[+] global data/ title prep - cynthia hoffman/PA (9 replies)
12/9/2013 5:04:24 PM (3582 views)

[+] reliable property reports - Joseph Kelley/MO (3 replies)
12/9/2013 12:09:36 PM (3121 views)

[+] Southeastern Title Services in Al - jane guiles/AL (1 reply)
12/5/2013 9:05:48 PM (3028 views)

[-] New requirements on 1 owner searches - Alix Ott/MI (20 replies)
12/5/2013 5:02:18 PM (2760 views)
Re: New requirements on 1 owner searches - Robert Franco/OH
12/6/2013 4:28:06 PM (2912 views)
Re: New requirements on 1 owner searches - Smitty Strickland/SC
12/9/2013 5:21:09 PM (2494 views)
Re: New requirements on 1 owner searches - martha campbell/VA
12/16/2013 6:34:41 AM (2439 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/19/2013 3:00:11 PM (2321 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/19/2013 4:08:23 PM (2430 views)

You are speaking from the perspective of a title company, not an abstractor in this case.  We do not know what searches we complete become a policy or a refi report.  We can ASSUME if we're working for a title company that a full search will end up in a commitment, but even then they would not request a THIRTY year search but a FORTY by Michigan Statute.  Our 1 owner searches -- for which we charge accordingly -- are back to a good WD into the current owner and forward.  We don't search for easements beyond the timeframe of the search.  Are they refi's?  Of course they are.  But even then, we are doing what the client tells us to do and it is their responsibility to order what they want.  My issue is that they expect a 1 owner search AND easements, which are not one and the same for a 1 owner price.  If they want a full search, we'll happily provide same, which will include the easements within the timeframe of the search (and we all know that most power and phone easements went in place in the 1920's and 30's so even a full search doesn't pick them up).

 

Searching oil/gas leases and reporting same is leading the client to believe that the person holding the lease actually owns the rights.  This may not be the case as Landmen do not do a thorough search for rights until payment on the lease and/or drilling begins.  Many a time we had Buyers on our team make an agreement -- and even record -- leases, only to find later that the surface owner wasn't the owner of the minerals.  There is an out clause in those cases and the lease becomes null and void.  Meanwhile, an undereducated title company is going to make assumptions where they shouldn't.

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Re: New requirements on 1 owner searches - Nils Nelson/ME
12/19/2013 9:10:03 PM (2185 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/20/2013 8:06:20 AM (2238 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/20/2013 8:21:34 AM (2338 views)
Re: New requirements on 1 owner searches - Scott Perry/PA
12/21/2013 1:32:08 PM (2279 views)
Re: New requirements on 1 owner searches - george Hubka/MI
12/23/2013 11:26:04 PM (2237 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/27/2013 1:15:32 PM (2136 views)
Re: New requirements on 1 owner searches - Marian Severance/PA
1/13/2014 11:57:06 AM (2057 views)
Re: New requirements on 1 owner searches - george Hubka/MI
12/23/2013 11:23:16 PM (2275 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/27/2013 1:04:35 PM (2158 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/27/2013 1:22:27 PM (2227 views)
Re: New requirements on 1 owner searches - James Powell/MI
12/30/2013 10:39:34 AM (2104 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
12/30/2013 10:53:29 AM (2135 views)
Re: New requirements on 1 owner searches - James Powell/MI
1/8/2014 9:45:45 AM (2170 views)
Re: New requirements on 1 owner searches - Alix Ott/MI
1/8/2014 9:56:35 AM (2249 views)
Re: New requirements on 1 owner searches - James Powell/MI
1/10/2014 11:24:55 AM (2174 views)

[+] RELIABLE NH Abstractors Needed ASAP - K C/NJ (1 reply)
12/5/2013 12:54:23 PM (2385 views)

[+] Comment on "Federal Appeals Court Issues Decision in Carter v. Welles Bowen" - Source of Title/OH (5 replies)
12/4/2013 10:31:59 AM (2107 views)

EasyDocs123.com - John Rawlings/WI
12/3/2013 2:47:27 PM (1944 views)


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