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[-] Has anyone else been asked to d this? - NANCY WALLACE/NJ (15 replies)
7/1/2009 10:39:37 PM (4122 views)
Re: Has anyone else been asked to d this? - Patrick Scott/IL
7/2/2009 12:40:17 AM (4085 views)
Title abstract fee - Bobbi Shorthouse, Notary Public/CT
7/2/2009 7:56:24 AM (4055 views)
Re: Title abstract fee - NANCY WALLACE/NJ
7/2/2009 10:02:18 AM (3905 views)
Re: Title abstract fee - Robert Franco/OH
7/2/2009 10:18:17 AM (4019 views)

You will probably never hear those kinds of things because RESPA is a consumer protection statute, not an abstractor protection statute.  HUD doesn't get involved, nor do they have any incentive to get involved, with abstractors.  For the most part, the lenders do not work with the abstractors - they work with the title companies.  Whereas the lender usually orders the appraisal for their use, the title company orders the title search for their own purpose.  The lender has no use for a title search - they only want the title commitment and policy.

The title companies that hire independent abstractors should be paying them, but I don't think you ever see a law setting the fees because they want to encourage competition to keep the cost of title insurance low for consumers. Abstractors are considered to be in the business of providing title searches and as business owners they are presumed to be able to negotiate their fees.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Has anyone else been asked to d this? - NANCY WALLACE/NJ
7/2/2009 9:53:30 AM (3845 views)
Re: Has anyone else been asked to d this? - Jessica Talley/NJ
7/2/2009 1:18:08 PM (3950 views)
Re: Has anyone else been asked to d this? - NANCY WALLACE/NJ
7/2/2009 9:46:32 PM (3772 views)
Re: Has anyone else been asked to d this? - Jessica Talley/NJ
7/5/2009 7:31:54 PM (3827 views)
Re: Has anyone else been asked to d this? - William Pattison /CA
7/6/2009 2:06:54 AM (3806 views)
Re: Has anyone else been asked to d this? - Karen Hurley/KY
7/6/2009 3:18:04 AM (3830 views)
Re: Has anyone else been asked to d this? - Serena Stout/VA
7/7/2009 6:23:36 PM (3837 views)
Re: Has anyone else been asked to d this? - Clanci Nelson/OH
7/13/2009 9:52:05 AM (3604 views)
Re: Has anyone else been asked to d this? - george Hubka/MI
7/13/2009 1:48:47 PM (3690 views)
Re: Has anyone else been asked to d this? - Jessica Talley/NJ
7/13/2009 4:32:23 PM (3719 views)
Re: Has anyone else been asked to d this? - Clanci Nelson/OH
7/30/2009 1:46:11 PM (4109 views)

[+] LandAmerica - Smitty Strickland/SC (20 replies)
7/1/2009 7:41:39 AM (4416 views)

[+] Question - Laurie E/MD (1 reply)
6/29/2009 6:29:09 PM (3757 views)

[+] mineral/oil/gas liability - Nathan Miller/KY (4 replies)
6/29/2009 5:05:45 PM (3911 views)

[+] American Abstract - Garret  Fitzgerald/VA (5 replies)
6/29/2009 10:01:46 AM (3803 views)




[+] MORTILES, LLC - martha campbell/VA (2 replies)
6/29/2009 6:44:13 AM (8375 views)

[+] Title Agency Support Services (KY company) - Alix Ott/MI (2 replies)
6/28/2009 9:33:16 PM (3892 views)

NALTEA October Conference - Lynn Hammett/SC
6/28/2009 6:37:19 PM (2882 views)

[+] Info on Abstractors A Go Go - george Hubka/MI (10 replies)
6/26/2009 10:34:26 PM (5153 views)

[+] Contemporary Title dba Texas Pioneer Title Advantage Title Partners LLC. - Dan Zook/NY (5 replies)
6/26/2009 10:16:45 AM (6062 views)

[+] Old Republic Default Management Services - Edward Huguenin/SC (3 replies)
6/24/2009 2:03:19 AM (4417 views)

[+] Ace National - Deborah Zitelli/PA (19 replies)
6/23/2009 10:59:38 AM (3978 views)

Business Software - Jason Beter/WV
6/22/2009 2:02:35 PM (2976 views)

[+] Anyone ever hear of Lindsey Title Services - Celia Franklin/GA (5 replies)
6/22/2009 8:23:48 AM (3768 views)

[+] Foreclosure Mill Law Firms Owning Title Company - Diane Baumann/NY (3 replies)
6/22/2009 7:12:38 AM (3718 views)


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