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



[+] Lumar Document Retrieval - Deborah Manion/VA (1 reply)
11/23/2010 2:21:52 PM (3823 views)

[+] How far to go in explaining an order - Alix Ott/MI (10 replies)
11/22/2010 3:07:28 PM (3468 views)

[+] Abstractors A Go Go - Deborah Manion/VA (38 replies)
11/22/2010 2:29:54 PM (4567 views)

[+] Questions on copies - Dan Zook/NY (9 replies)
11/19/2010 4:34:55 PM (3442 views)

New FNMA Guidelines - Leigh Attridge/MA
11/19/2010 8:36:53 AM (4309 views)


Real Title Services


Fiber optic outage... - Robert Franco/OH
11/18/2010 9:49:10 AM (2955 views)

[-] Non-Judicial Foreclosure Misposts - William Pattison /CA (6 replies)
11/16/2010 1:07:25 AM (3334 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/16/2010 1:33:26 PM (3327 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/16/2010 3:38:55 PM (3341 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/16/2010 4:57:03 PM (3454 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/17/2010 10:02:42 AM (3297 views)
Re: Non-Judicial Foreclosure Misposts - Slade Smith/OH
11/17/2010 11:46:35 AM (3388 views)
Re: Non-Judicial Foreclosure Misposts - William Pattison /CA
11/17/2010 2:37:01 PM (3409 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 (3511 views)

[+] Taking Care of our Abstractors... - Jaime  Kosofsky/NC (1 reply)
11/13/2010 9:27:24 PM (3460 views)

Foreclosure fun in the Bay State - Deborah Manion/VA
11/12/2010 10:35:30 AM (4374 views)

[+] fee - iveta todora/VA (4 replies)
11/12/2010 10:26:58 AM (3384 views)

[+] Lenders Allies - Cherie Smurthwaite/CA (2 replies)
11/11/2010 7:53:46 PM (5952 views)

[+] DataChek - Kurt deVries/FL (5 replies)
11/10/2010 2:00:00 PM (3554 views)

[+] New HUD-1 title fees accounting - STEVE MEINECKE/TN (11 replies)
11/10/2010 11:39:26 AM (3339 views)

[+] A change is coming... - Robert Franco/OH (9 replies)
11/10/2010 11:26:20 AM (3716 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:

What Is the Torrens Land System?
Marissa Berends's Blog
2025/09/24
0 comments

AI Isn’t “Coming Soon” - It’s Already Here (and Working)
Michael Gigliotti's Blog
2025/09/16
0 comments

U.S. Housing Market Hits 30-Year Low in Home Sales: Causes and Consequences
Marissa Berends's Blog
2025/09/08
0 comments

Articles

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

FinCEN Renews Residential Real Estate Geographic Targeting Orders
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced the renewal o...
NAR Applauds Senate Passage of the ROAD to Housing Act
"NAR applauds the Senate for passing this bipartisan legislation that addresses housing supply, affordability and homeow...
NotaryCam's eClose 360 platform supports MISMO's SMART Doc v3 standard for electronic HELOCs
“By ensuring our platform is compatible with MISMO’s eHELOC standard, we are enabling lenders and settlement...
American Land Title Association Elects David Townsend as President
With more than 20 years of experience in the title insurance industry, Townsend brings proven expertise and a track reco...
Remodeling Market Sentiment Improves in Third Quarter
“Overall, remodelers remain optimistic about the market, although slightly less optimistic than they were at this ...

Search Articles:
browse...

Classifieds

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

AI for Title Searchers
September 28 2025
Title abstractors are using TitleTrackr as a powerful tool to compile their abstracts up to 90% faster, streamlining document analysis and report creation with AI-driven precision. To learn more visit https://titletrackr.com/...[more info]

link
email
© 2020, Source of Title.