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 far to go in explaining an order - Alix Ott/MI (10 replies)
11/22/2010 3:07:28 PM (3632 views)

[+] Abstractors A Go Go - Deborah Manion/VA (38 replies)
11/22/2010 2:29:54 PM (4742 views)

[+] Questions on copies - Dan Zook/NY (9 replies)
11/19/2010 4:34:55 PM (3609 views)

New FNMA Guidelines - Leigh Attridge/MA
11/19/2010 8:36:53 AM (4486 views)

Fiber optic outage... - Robert Franco/OH
11/18/2010 9:49:10 AM (3093 views)




[-] Non-Judicial Foreclosure Misposts - William Pattison /CA (6 replies)
11/16/2010 1:07:25 AM (3472 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/16/2010 1:33:26 PM (3885 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/16/2010 3:38:55 PM (3840 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/16/2010 4:57:03 PM (3957 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/17/2010 10:02:42 AM (3846 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/17/2010 11:46:35 AM (3921 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/17/2010 2:37:01 PM (3946 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 (3660 views)

[+] Taking Care of our Abstractors... - Jaime  Kosofsky/NC (1 reply)
11/13/2010 9:27:24 PM (3603 views)

Foreclosure fun in the Bay State - Deborah Manion/VA
11/12/2010 10:35:30 AM (4520 views)

[+] fee - iveta todora/VA (4 replies)
11/12/2010 10:26:58 AM (3562 views)

[+] Lenders Allies - Cherie Smurthwaite/CA (2 replies)
11/11/2010 7:53:46 PM (6141 views)

[+] DataChek - Kurt deVries/FL (5 replies)
11/10/2010 2:00:00 PM (3711 views)

[+] New HUD-1 title fees accounting - STEVE MEINECKE/TN (11 replies)
11/10/2010 11:39:26 AM (3533 views)

[+] A change is coming... - Robert Franco/OH (9 replies)
11/10/2010 11:26:20 AM (3876 views)

[+] alvey - melissa smith/VA (7 replies)
11/10/2010 8:38:13 AM (3737 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 8973 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:

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

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

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Articles

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

CertifID Acquires CloseSimple to Transform the Real Estate Closing
With CloseSimple now part of CertifID, the combined platform will deepen integrations with title production systems, acc...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Last week’s CPI data showed that inflation continued to move higher, putting upward pressure on rates early...
NAR Pending Home Sales Report Shows 3.8% Increase in May
“A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up housing dem...
NAR Chief Economist Lawrence Yun Says Home Sales Expected to Improve in Second Half of 2026
NAR’s current forecast calls for existing-home sales to rise 4% this year, with the median home price also climbin...
May Housing Starts Fall as Multifamily Construction Slows Sharply
“The decline in housing starts aligns with NAHB’s latest builder survey, which showed builder sentiment weak...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.