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[+] Why Not Just Pay Me? - Dianne Barnidge/MS (14 replies)
1/22/2012 8:42:14 PM (4015 views)

Ex Hell's Angels President Sentenced to Six Years for Mortgage Fraud - Leigh Attridge/MA
1/21/2012 10:51:54 PM (4576 views)

[+] Comment on "ALTA Supportive of Private Right of Action for Competitors Against Sham AfBAs" - Source of Title/OH (2 replies)
1/17/2012 10:15:19 AM (3049 views)

Supplements - Rebecca Cowart/MS
1/17/2012 10:07:29 AM (2516 views)

[+] United One Resources - Marian Severance/PA (15 replies)
1/16/2012 1:50:29 PM (3998 views)




[+] Global Data/ Title Prep - Leigh Attridge/MA (4 replies)
1/16/2012 9:33:08 AM (3526 views)

[+] Online searches/title plant question - Rebecca Cowart/MS (4 replies)
1/15/2012 8:24:01 PM (3505 views)

[+] Robo-signing debate continues - Wyatt Bell/FL (7 replies)
1/15/2012 2:32:24 PM (4764 views)

Inside the Fed in 2006: A Coming Crisis & Banter - Leigh Attridge/MA
1/13/2012 8:42:46 AM (4065 views)

[+] ServiceLink - Rene Blevins/VA (8 replies)
1/11/2012 10:14:44 AM (4126 views)

[-] Interesting Foreclosure Issue - Abstractor/TN (6 replies)
1/10/2012 5:12:49 PM (3116 views)
Re: Interesting Foreclosure Issue - Robert Franco/OH
1/10/2012 7:07:14 PM (3513 views)
Re: Interesting Foreclosure Issue - Abstractor/TN
1/10/2012 8:27:26 PM (3480 views)
Re: Interesting Foreclosure Issue - Patrick Scott/IL
1/10/2012 9:43:55 PM (3382 views)

That's a risk title insurers accept when insuring based on limited information.  The insurer chose to save time and/or money by purchaing a less expensive current owner search as a means to insure first lien position, presumably.  Maybe a $40 or $50 savings between the cost of a current owner and a full statutory search adds up over time to a significant amount, making a claim or two palatable.  Or, maybe the savings evaporate, and then some, when the claims start rolling in.

If a current owner search is all that was needed to satisfy the title underwriter's standards, then maybe the agent, if it is an agent who suffered the claim, is not even on the hook.  Maybe the underwriter takes the hit.  But, in the end, if somebody insured a lender's lien position, and that lender now finds he has no standing to enforce his lien, then the insurer needs to make that lender whole.

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Re: Interesting Foreclosure Issue - Abstractor/TN
1/10/2012 10:15:48 PM (3291 views)
Re: Interesting Foreclosure Issue - Patrick Scott/IL
1/10/2012 10:58:14 PM (3261 views)
Re: Interesting Foreclosure Issue - CHARLENE  PERRY/MD
1/11/2012 1:47:12 PM (3207 views)

Global Data/ Title Prep - Leigh Attridge/MA
1/10/2012 4:45:50 PM (2440 views)

[+] Document forgery on title - not robosigning!! - Leigh Attridge/MA (9 replies)
1/10/2012 9:57:38 AM (2993 views)

The results are in.. Our industry is in decline - CHARLENE  PERRY/MD
1/9/2012 12:03:30 PM (4280 views)

FSE Deadbeat Company - Dody Fuhrmann/NV
1/9/2012 11:21:16 AM (2483 views)


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