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



[+] Fradulent use of my company name - PATRICIA PALMER-ILKO/PA (10 replies)
9/18/2009 9:40:15 AM (4154 views)

[+] 2 owner search fees in Michigan - Ellen Maher/MI (4 replies)
9/16/2009 10:14:01 AM (4139 views)

A Sign of the Times - Kevin Ahern/CT
9/15/2009 4:51:47 PM (3409 views)

[+] FANNIE MAE and FREDDIE MAC VIOLATING RESPA - Robert Franco/OH (3 replies)
9/15/2009 10:18:09 AM (4615 views)

[+] Condo Owner finds out he's been living in and renovating wrong unit - Edward Huguenin/SC (3 replies)
9/13/2009 11:12:30 PM (5368 views)




[+] E & O Info: Thanks Robert! - Scott Olsen/NH (3 replies)
9/11/2009 10:47:44 AM (3962 views)

[+] County Clerk Fees - Ellen Maher/MI (14 replies)
9/11/2009 9:51:20 AM (3869 views)

[+] Unied States Title Corp Knoxville TN - Louise Jackson/SC (6 replies)
9/10/2009 9:12:43 AM (4922 views)

[+] MSNi - Constance Foye/VA (3 replies)
9/9/2009 9:04:37 PM (4770 views)

[+] Pro-Search, Inc. - Susan McKee/WV (1 reply)
9/9/2009 10:51:23 AM (4495 views)

[+] ALTA Policy Licensing Fees - Cheryl Hartzman/PA (5 replies)
9/4/2009 2:41:01 PM (5678 views)

J&L in TX - LAWANDA  MCMILLIAN/AR
9/3/2009 9:34:26 PM (3189 views)

[+] Accepting Credit Cards - Dan Zook/NY (5 replies)
9/3/2009 1:07:29 PM (3814 views)

[+] Experience closing short sales w/transactional funding? - Eric Michaels/IL (21 replies)
9/3/2009 1:03:46 AM (3996 views)

[-] selling searches - edward hartung/OH (8 replies)
8/31/2009 11:04:12 PM (4225 views)
Re: selling searches - Robert Franco/OH
9/1/2009 9:46:54 AM (5447 views)
Re: selling searches - edward hartung/OH
9/2/2009 12:33:07 AM (5421 views)
Re: selling searches - Robert Franco/OH
9/2/2009 8:59:13 AM (5308 views)
Re: selling searches - edward hartung/OH
9/2/2009 10:33:31 PM (5167 views)
Re: selling searches - Robert Franco/OH
9/3/2009 8:49:06 AM (5310 views)
Re: selling searches - edward hartung/OH
9/22/2009 11:52:12 PM (4827 views)
Re: selling searches - Robert Franco/OH
9/23/2009 8:46:40 AM (4815 views)

When I sell a search, I have my abstractor's hat on.  I just report what we find and we make notes about any particular title problems we have discovered.  For instance, we will point out missing marital statuses on documents, releases of mortgages from the wrong bank when an assignment is missing, improper acknowledgments, incorrect legal descriptions, etc.  However, we do not tell them how to fix the problem.  Our job is to make sure we accurately report the status of the title and we try to do that in a way that will make it clear to the client.  But, offering advice, in my opinion, is not the abstractor's job.  First, it could be considered the unauthorized practice of law if you give a legal opinion on what it would take to fix a problem.  Second, each agency and each underwriter have their own ways dealing with problems.  Some do a much more thorough job and they will follow up and get quit claim deeds, affidavits, or other recordable documents; some will try to get an indemnity from the last title company that insured the property; and, others will simply decide to insure over the defect. 

In my opinion it is usually best to let them decide for themselves how to correct the problems we discover on a search.  If they call and ask for my opinion, I will talk to them about it and explain why we indicated it as a defect.  But, usually, I will tell them if they aren't sure what needs to be done, they should check with their underwriter and see how they feel about it.  After all, they are the ones on the hook for the potential claim and its best to follow their advice.  Mine doesn't really mean much to them.

Best,
Robert A. Franco
SOURCE OF TITLE

to post a reply: login - or - register


Re: selling searches - shori ferrell/MO
9/28/2009 11:30:22 AM (4772 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 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

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Articles

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

NAR Pending Home Sales Report Shows 1.8% Increase in February
“The slight gain in pending contracts appears to be driven by improved affordability conditions. However, those co...
New Home Sales Down in January on Weather Disruptions
“New home sales fell in January largely because of weather-related disruptions, even as mortgage rates eased modes...
FOMC Commentary from MBA's Mike Fratantoni
“Ongoing turmoil in the Middle East has significantly increased uncertainty regarding the current and future state...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle East ...
New Title from NAHB's BuilderBooks Offers Advice on Using AI in Residential Construction
“Artificial intelligence is a growing part of our industry and is here to stay,” said NAHB Chairman Bill Owe...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.