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



[+] How strong is the chain? - michael rafferty/VA (1 reply)
12/1/2010 8:39:11 PM (3540 views)

[+] Coefficiency, LLC - Ron McPherson/IA (2 replies)
11/30/2010 3:51:25 PM (4091 views)

[+] WARNING: 21st CENTURY NATIONAL ABSTRACTION CO./DEANA MOORE IS A NON-PAYER - Eric Woelfel/MN (3 replies)
11/30/2010 1:48:44 PM (5094 views)

BEWARE OF M&M NATIONAL ABSTRACTING & DEBI MILLER - Eric Woelfel/MN
11/30/2010 9:39:18 AM (4479 views)

[+] Spanish Woman Claims She Now Owns Sun - Edouard LeLocle/SC (8 replies)
11/27/2010 8:15:17 PM (3581 views)




[+] So much to say, so little time - CHARLENE  PERRY/MD (5 replies)
11/24/2010 12:22:55 PM (3334 views)

[+] Lumar Document Retrieval - Deborah Manion/VA (1 reply)
11/23/2010 2:21:52 PM (3961 views)

[+] How far to go in explaining an order - Alix Ott/MI (10 replies)
11/22/2010 3:07:28 PM (3603 views)

[+] Abstractors A Go Go - Deborah Manion/VA (38 replies)
11/22/2010 2:29:54 PM (4710 views)

[+] Questions on copies - Dan Zook/NY (9 replies)
11/19/2010 4:34:55 PM (3567 views)

New FNMA Guidelines - Leigh Attridge/MA
11/19/2010 8:36:53 AM (4440 views)

Fiber optic outage... - Robert Franco/OH
11/18/2010 9:49:10 AM (3055 views)

[-] Non-Judicial Foreclosure Misposts - William Pattison /CA (6 replies)
11/16/2010 1:07:25 AM (3435 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/16/2010 1:33:26 PM (3689 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/16/2010 3:38:55 PM (3675 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/16/2010 4:57:03 PM (3789 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/17/2010 10:02:42 AM (3660 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/17/2010 11:46:35 AM (3750 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/17/2010 2:37:01 PM (3772 views)

Your comparison is a bit of apples to oranges, but going with that analogy, research firms have miscellaneous professional liability insurance and claims are indeed made against them when missed records occur.  Sometimes it is not the lack of due diligence on the part of the abstractor, but a failure in the public records themselves.  Sometimes there is a reasonable expectation that a record should have been  located and it falls to their insurance to make matters right.

This then begs the question as to whether the foreclosure companies are insured to the same levels and being held to account on the same basis.  I'll admit that I'm unaware of such claims.  Furthermore, the scale of loss between an abstractor missing a mechanics lien versus a foreclosure mill kicking a family out of their home, is massively different in every dimension. 

I know that it is not unheard of that a title search claim can be very high, or that such failures can materially contribute to property loss, but this seems far less  frequent or likely than a foreclosure mill specializing in taking property.

I would also  note the important (qualitative) difference between researching public records as an abstractor in order to produce a report and recording matters of public notice on those records.  Clearly the onus is on the party submitting papers for recording to state things accurately and correctly and not to do so in a manner that creates a liability or encumbrance on wrong parties, wrong properties, or in erroneous ways.

to post a reply: login - or - register



[+] NREIS - Richard Primmer/RI (1 reply)
11/15/2010 6:26:25 PM (3636 views)

[+] Taking Care of our Abstractors... - Jaime  Kosofsky/NC (1 reply)
11/13/2010 9:27:24 PM (3567 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 8961 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:

Independent Abstractors for Commercial Title Searches
Pippin Title Services's Blog
2026/04/14
0 comments

Seeking Independent Abstractors – Multi-County Outreach
Pippin Title Services's Blog
2026/04/14
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

Articles

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

Latest FBI Cybercrime Report Shows Real Estate Fraud Losses Rising, Reinforcing Need for Strong Consumer Safeguards
“Fraud is not a side issue in housing; it is part of the affordability story,” said Chris Morton, chief exec...
National Association of REALTORS® Reaches Agreement to Resolve Nationwide Homebuyer Claims in Tuccori v. At World Properties
The National Association of REALTORS® (NAR) today announced a settlement agreement that would resolve claims brough...
Remodeling Market Sentiment Edges Down but Remains Positive in First Quarter
“Remodeler sentiment remained generally positive in the first quarter, as it was at the end of last year, even as ...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Higher mortgage rates and continued economic uncertainty weighed down on mortgage applications again last week. W...
March Jobs Report Commentary from MBA's Mike Fratantoni
“Employment increased by 178,000 in March. However, this topline number overstates the strength of this report. Mu...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.