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[+] The Multistate Foreclosure Agreement - Leigh Attridge/MA (1 reply)
11/10/2011 4:35:00 PM (4143 views)

[-] "Kevin" wants to help... - Patrick Furman/NY (5 replies)
11/10/2011 4:05:26 PM (3235 views)
Re: "Kevin" wants to help... - Denise DeMattei/CA
11/10/2011 4:25:38 PM (3613 views)
Re: "Kevin" wants to help... - Barbara Bennett/IN
11/10/2011 6:40:50 PM (3705 views)
Re: "Kevin" wants to help... - J. H./OH
11/10/2011 7:43:32 PM (3561 views)
Re: "Kevin" wants to help... - Jessica Talley/FL
11/11/2011 11:44:43 AM (3485 views)
I've told ya so - William Pattison /CA
11/14/2011 12:11:03 PM (3470 views)

I've noted for years on this forum that the "fly by night" firms both here and overseas use the DataTrace data.  DocEdge, SiteX, and HomeInfoMax all buy their info and repackage it for sale to their subscribers.  The former is a bit expensive in annual dues but pays off if you have bulk. The latter is less annually, but charges more per search.  NONE are reliable as none purchase all the title data:  either it's not offered to them as a way for DataTrace to keep a stranglehold on the market, or it's too expensive for them to bother with.  In any case, the 15 dollar cost of a search is "OK" at best, as a cross-check ONCE YOU'VE FINISHED your research.  

Keep this in mind:  why does ANYONE farm out a project to you that goes back to 1985 if HomeInfoMax offers data to that point and they can search the online indices for free?   Quality, professionalism and assurances of accuracy are the reasons for you to do it and you should charge a rate for the liability you assume as a professional abstractor.  So why charge less, just because a middleman firm is taking a cut and checking the cheap and easy stuff already?

 Secondly:  the error rate of the online companies is high.  At least 40 percent of my research proves their $15 reports to be inaccurate to contain matters posted wrong (2 deeds on property at 300 El Camino in Belmont were posted to 300 El Camino in San Bruno a few cities away;  verified against the legal descriptions, address on document and apn's, all...lol), and missing document references.

 Finally, he can't search much prior to 1985 due to his reliance on the info available, plus his unfamiliarity with abstracting.  Many of us could find an older deed, if that's all the client wants, by checking other sources beyond the DataTree/DataTrace-derived reports.  He has neither the experience or skill to do what a professional can do.  He is unfamiliar with the resources available.  He does not understand the structure of public records or public agencies or American culture.  He has a marginal grasp of English and a work incentive that says "go where the money is" (America), so he's right in that;  just not a fair or reasonable competition to our superior products.

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[+] Abstractors A Go Go - new info - Jason Knowles/AL (5 replies)
11/10/2011 12:59:28 PM (3732 views)

Attention please...for all New England area examiners - Leigh Attridge/MA
11/9/2011 3:56:25 PM (2391 views)

To fix housing read the data - Leigh Attridge/MA
11/9/2011 1:51:17 PM (3960 views)




[+] How a Financial Pro Lost his House - Leigh Attridge/MA (4 replies)
11/9/2011 1:23:53 PM (4795 views)

[+] Bridgewater Title - Payments - Russ  Kern/GA (13 replies)
11/9/2011 9:19:15 AM (3799 views)

[+] Applied Technology Resources, Inc. - Cate Jones/NH (5 replies)
11/7/2011 9:44:44 AM (3338 views)

Get Your Independent Foreclosure Review!! - Leigh Attridge/MA
11/7/2011 7:19:07 AM (3880 views)

Steven J Baum and NY Times - Rita Killary/NY
11/6/2011 9:29:42 PM (2686 views)

[+] American Abstract - Lynn Rucker/VA (18 replies)
11/3/2011 2:58:44 PM (3772 views)

[+] MORTGAGE CONNECT - anybody know them? - Bruce Murch/VA (5 replies)
11/3/2011 2:16:38 PM (7518 views)

[+] Looking for advice on selling title insurance - Gerry Scott/TN (8 replies)
11/3/2011 1:00:36 PM (3172 views)

[+] E & O Question - Wayne /OH (3 replies)
11/2/2011 8:10:17 PM (2980 views)

[+] Jeaz... - Slade Smith/OH (4 replies)
11/2/2011 4:18:56 PM (4734 views)


<< get older messagesget newer messages >>

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