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[+] Service 1st Valuation and Settlement Services - VIVIAN SLYKER/OH (1 reply)
8/25/2009 3:16:23 PM (4579 views)

[+] Payment - Jana Urban-Buzek/OH (1 reply)
8/25/2009 12:15:50 PM (4246 views)

[+] Database Designed for Abstracting Companies - James Baker/AL (26 replies)
8/22/2009 10:18:57 PM (4488 views)

[+] Fico Scores - Jack Johanson/PA (2 replies)
8/21/2009 3:29:25 PM (3929 views)

[-] Mortgage Fraud the new target! - David Chisolm/MS (4 replies)
8/20/2009 2:51:56 PM (5075 views)
Re: Mortgage Fraud the new target! - Patrick Scott/IL
8/22/2009 1:04:53 AM (5653 views)

David,

That is an interesting story.  I agree with you that the abstractor is probably the last party that should have suffered the claim.  When property is conveyed from an entity other than a natural person, there is additional due diligence required by the title agent.  This would include Articles if Incorporation, if applicable, a resolution by a board of directors, if applicable, trust agreement and all amendments thereto, whatever is necessary to ensure that the conveying party has the authority to do so.  Much of what is needed may not even be available to the abstractor.

It would be interesting to know how the LLC acquired title to the property in the first place.  Is there more to the story?

 

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Re: Mortgage Fraud the new target! - george Hubka/MI
8/22/2009 3:33:49 PM (5710 views)
Re: Mortgage Fraud the new target! - David Chisolm/MS
8/22/2009 3:48:17 PM (5578 views)
Re: Mortgage Fraud the new target! - Patrick Scott/IL
8/23/2009 2:13:55 AM (5446 views)




[+] A big 'thank you' to the OAITA! - Robert Franco/OH (3 replies)
8/20/2009 9:58:47 AM (5343 views)

[+] A.I.T.F. Retrieval Services - Ray Glowniak/CA (8 replies)
8/19/2009 2:10:55 PM (5520 views)

abstractorleads.com - PJ/CA
8/19/2009 12:27:57 PM (4889 views)

Back Forty Abstracts, LLC - Edward Huguenin/SC
8/15/2009 11:48:33 AM (3775 views)

Apex Professionals, LLC - Edward Huguenin/SC
8/15/2009 11:44:53 AM (3723 views)

[+] Eclipse and American Residential Abstracts no pay - Shannon Budziak/VT (19 replies)
8/15/2009 9:19:39 AM (4628 views)

[+] E & O Increase - Helene /GA (7 replies)
8/14/2009 1:30:39 AM (4310 views)

[+] Reutrned doccument fees revisited - Dan Zook/NY (7 replies)
8/13/2009 11:12:31 AM (4199 views)

[+] Why are they called underwriters? - Robert Franco/OH (8 replies)
8/12/2009 10:43:08 AM (4974 views)

[+] Owner's Policy with inappropiate Schedule B - edward hartung/OH (4 replies)
8/12/2009 12:27:27 AM (4267 views)


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