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



Is the jig up for MERS? - Leigh Attridge/MA
10/31/2011 8:27:00 AM (4276 views)

[+] Service1st, Service 1st, Service First, Valuenet - David Marks/VA (1 reply)
10/29/2011 10:31:22 AM (3203 views)

Mortgage regulator, Edward DeMarco, at home with criticism - Leigh Attridge/MA
10/27/2011 8:06:31 AM (4185 views)

[+] Comment on "Another Big County Goes After MERS Back Fees" - Source of Title/OH (1 reply)
10/26/2011 7:00:19 PM (3028 views)

[+] Rasa Solutions - Bridget Marinelli/PA (15 replies)
10/26/2011 10:41:11 AM (3695 views)




Congratulations Are In Order - Patrick Scott/IL
10/25/2011 8:45:54 PM (2523 views)

Surprise on Refi Revamp: Key Regulator Agrees to Reforms - Leigh Attridge/MA
10/25/2011 3:21:38 PM (4276 views)

Comment on "NAR: Existing Home Sales Edge Down in September" - Source of Title/OH
10/25/2011 2:24:02 AM (2199 views)

[-] Comment on "Breaking the Tie-- or Not" - Source of Title/OH (10 replies)
10/24/2011 8:01:51 PM (3014 views)
What about the document numbers? - Daniel Silverburg/CA
10/24/2011 8:01:52 PM (4303 views)
CA underwriters - William Pattison /CA
10/24/2011 8:42:38 PM (4230 views)
Re: CA underwriters - Robert Franco/OH
10/24/2011 10:05:29 PM (4220 views)
Re: CA underwriters - Slade Smith/OH
10/25/2011 5:44:23 AM (8025 views)
Re: CA underwriters - William Pattison /CA
10/26/2011 2:17:42 AM (4160 views)
Re: CA underwriters - Slade Smith/OH
10/26/2011 3:21:37 AM (4183 views)
lien priority is your answer - William Pattison /CA
10/26/2011 3:01:26 PM (4347 views)
But L.A. is Different... - Daniel Silverburg/CA
10/31/2011 8:23:32 AM (4093 views)

I worked in Los Angeles for about 10 years and Los Angeles has (or had) some unique recording issues that were different than any other county in the state, and they had their own solutions.  For example,

1) Los Angeles records many more than 5,000 docs a day.  It was between 15,000 and 20,000 a day when they were busy and around 10,000 on a normal day.

2) About 1/3 to 1/2 of those documents are submitted by the title companies.

3) Los Angeles was the first county in the United States to have a computerized title plant (I learned from someone who's first job was delivering 'punch cards' to or from the posters in the early 60's) - and they applied this to their recording concerns.  So they have had their systems in place for close to 50 years.

When I first started in Los Angeles, coming from much smaller San Mateo county, I mentioned that my last job in San Mateo was to index all my morning recordings for changes before recording and I asked how this was done in Los Angeles.  I was told that it is completely automated.  The plants in L.A. automatically checks all transactions set to record that morning and if there is a possible conflict, they show up in a "fallout" report in the morning for the title officers.  Recordings are then 'pulled' based on that report.  My first question when I read this article was - why did that not happen here?

This next part may have completely changed since Los Angeles went to electronic recordings some years back, but when I was there, L.A. county reserved blocks of numbers for the title company recordings.  By 4:30 A.M. (when title company and county employees showed up and started recording for the day) each service company had their block of numbers assigned that would be for their recordings that day.  Since everyone has the same 8:00 time stamp, and the plant systems are supposed to catch these conflicting recordings, I never heard of this being a problem before.

So, because of their volume, Los Angeles has some complicated recording processes that are unique to Los Angeles.  

But I believe it is commonly understood, like Will said, that if a conflict arises based on the time stamp, then it defaults to sequence of the document numbers.  Ask any title officer in California and I bet you will get the same answer.

"The indexing timestamp does not break ties in California when the recording timestamps of two documents show the exact same time.  Neither mortgage is first, so they both have equal priority, the court ruled."

 

OF COURSE the indexing time stamp does not break ties in California!  Otherwise county recorders would not sit on stacks of IRS liens for two weeks waiting until they had the time to index them.  It has always been first to submit.  But the above statement says nothing about the document numbers - which dogma says should be the tie breaker.  Now I want to look this case up and see if this is even mentioned.  And since I was taught to never trust dogma, I am also curious if there is a statute or precedent regarding document numbers breaking the tie.

Since, in my mind, this is a title company systems issue, I agree with Mr. Smith that the insurers should have split the loss up between themselves - then they should fix the hole in their system.

 

And Mr. Patterson is right about San Francisco!  We have been asking, begging, yelling, threatening, cajoling... the San Francisco County Recorder to keep their index current for over 10 years.  A three week index date in California is insane - not just for Notice of Trustee's Sales, but for Bulk Sales (12 day window), Mechanics liens (30 day window) etc.  The answer they keep giving?  Staff out with the flu, short staffed, really busy, having to train, computers down.  The same issues every government agency and business in world has to deal with.  You are not unique.  This is so frustrating for us.  Sure!  We don't mind being sued for a million dollars because you can't keep your index current!  We're fine with that.  Grrrrrrr!

Mr. Smith, can you give me the case name for this?  I would like to look this one up.

to post a reply: login - or - register


Re: But L.A. is Different... - Slade Smith/OH
10/31/2011 1:25:11 PM (6763 views)
Re: But L.A. is Different... - William Pattison /CA
11/7/2011 8:16:56 AM (4117 views)

[+] Applied Tech Resources Doesn't Pay - Kimberly Goode/GA (4 replies)
10/24/2011 12:55:23 PM (3302 views)

[+] another company who does not pay - Anthony BROWNN/VA (4 replies)
10/24/2011 11:35:44 AM (3630 views)

[+] What Are Your Thoughts on This - Kevin Ahern/CT (4 replies)
10/22/2011 8:34:17 AM (3418 views)

[+] Mass Land Records crappy new system - we need feedback - Leigh Attridge/MA (3 replies)
10/21/2011 9:05:29 AM (4559 views)

[+] Error or Lie? - Rebecca Cowart/MS (16 replies)
10/20/2011 5:52:49 PM (3305 views)

[+] Rush to Drill for Natural Gas Creates Conflicts with Mortgages - Leigh Attridge/MA (5 replies)
10/20/2011 12:28:47 PM (5159 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.

Title Resources Group Welcomes Rebecca Charette as Agency Account Manager in Florida
“Rebecca brings a deep understanding of Florida’s title industry along with a proven ability to build strong...
New Home Sales Rise as Affordability Challenges Continue
“While the monthly increase in sales is a positive development, housing demand remains sensitive to higher mortgag...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates vaulted higher last week, with the 30-year fixed rate at 7.12 percent – the highest level si...
ALTA Reports Q2 2026 Market Share and Title Premium Volume
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, today a...
WFG Enterprise Solutions Announces Proprietary Valutrust Technology Platform Ready For Encompass Partner Connect
“The Valutrust platform gives lenders a practical path to modernize title and valuation service ordering through E...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.