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Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1334 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (2086 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (1662 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (2072 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (2111 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (2165 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (2280 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (2402 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (2254 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (2112 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (2072 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (2115 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (2014 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (2241 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (2007 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (2027 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (1950 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (1929 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (2068 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (2006 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (1915 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (1611 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (1920 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (1962 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (1552 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (1875 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (1908 views)

Here is what is happening in the search/underwriting world (and has been for 20 years or more depending on what state you are in).

 

Data shows that an underwriter can require the follow scope of search on an Owner Policy:

1. Search from all liens and encumbrances from the last owner forward (WDD/PMM)

Extra cautious underwriters might say last TWO Owners forward.

During this search period the underwriter is looking for all items that need to be paid and released and closing (mortgages, liens, etc).

When an underwriter has evidence of an insured transaction the risk of claims for a missed lien or mortgage goes WAY down. So the time spend searching the owners before that does not bear fruit. It's simply a waste of the abstractors time.

In addition to the liens and mortgages, underwriters want to show easements, restrictions, HOA, Decs, etc on the title commitment. This is where you may have some disagreement on how far back these B2 items need to be searched for. 

One school of thought says, if the plat was recorded longer ago than the statutory search period (or customary) in that state then the abstractor does not need to conduct a further search because basically everything that affects the property in the last 42 years (Ohio Example) has been found in the last owner or last two owner search.

Others might say, we really want these B2's no matter how old they are, but as we all know that would take us back to 1900 in many places looking for things like joint driveway easements in OLD allotments, etc.  

As we all now, once you search a subdivision one time, you can save the B2s in your files and pull them out when that subdivision comes up again and slap them on the file for the customer. This is typically termed pull the plat card or pulling the subdivision base file. 

 If you do it right you will charge the customer for the 1 or 2 owner search (whichever they require) and then charge them something for the B2's. By saving and repeating the B2's you will be able to turn orders faster and charge many times for the work you did one time.

There will be LOTS of times (if the underwriter doesn't require any B2's behind the statutory/customer period where you are simply doing a 1 or 2 owner search (for a purchase) just like you would for a loan policy (refinance). And if that's the case, that's all the customer should be charged for IMO. 

 Clearly it's unreasonable for a client to think you are going to get B2's for the same price as a 1 or 2 owner search. I think most of your clients will understand that if you explain it to them.  

 While I'm employed by an underwriter, I am not speaking on behalf of the company here.

 

 

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Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:22:20 PM (1675 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (1739 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (1608 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (1598 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (1743 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (1574 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (1555 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (1544 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (1562 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (2532 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (1568 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (1501 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (1490 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (1454 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (1540 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (1475 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (1515 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (1522 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (1625 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (1758 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (2076 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (1996 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (2021 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (1969 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (1947 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (2035 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (1927 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (1918 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (1910 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (1873 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (1795 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (1746 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (1556 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (1499 views)




Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (1293 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (2016 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (2496 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (2259 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (2384 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (2178 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (1951 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (1998 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (2020 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (2040 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (1505 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (1981 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (1936 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (1928 views)

ALTERNATIVE FAX NUMBER - Heidi Gemeling/FL
9/13/2021 5:07:42 PM (1241 views)
Re: ALTERNATIVE FAX NUMBER - Brandon ONeal/TN
9/13/2021 6:24:24 PM (1912 views)
Re: ALTERNATIVE FAX NUMBER - Craig Honeker/AZ
9/16/2021 5:31:32 PM (1932 views)
Re: ALTERNATIVE FAX NUMBER - Marilyn Knobel/NY
9/20/2021 9:02:36 AM (1773 views)
Re: ALTERNATIVE FAX NUMBER - Alix Ott/MI
9/28/2021 9:27:55 AM (1795 views)

NobleServe,LLC - Smitty Strickland/SC
9/13/2021 5:00:51 PM (1985 views)
Re: NobleServe,LLC - Randi Erickson/MN
9/15/2021 3:23:17 PM (2356 views)
Re: NobleServe,LLC - Marilyn Knobel/NY
9/20/2021 9:03:24 AM (2126 views)

ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/9/2021 12:48:14 PM (1643 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - William Duncan/SC
9/10/2021 11:40:16 AM (2106 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/10/2021 5:41:55 PM (1977 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Jolene Crofoot/MN
9/13/2021 12:16:25 PM (1897 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Erich Wiedel/MD
9/20/2021 9:01:49 AM (1832 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Alix Ott/MI
9/28/2021 9:24:07 AM (1822 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/28/2021 6:58:28 PM (7180 views)

CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/8/2021 8:01:04 AM (1477 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - James Powell/MI
9/9/2021 12:04:26 PM (2005 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Ed Frederick/IN
9/9/2021 2:36:13 PM (1995 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:50:23 AM (1857 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:06:03 AM (1825 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/13/2021 10:19:05 AM (1940 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Robert Franco/OH
9/14/2021 11:50:34 AM (1927 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/11/2021 8:49:34 AM (1530 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
10/25/2021 11:15:37 PM (1529 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/26/2021 5:40:01 AM (1502 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
12/19/2021 9:29:11 PM (1407 views)

Vermont appointments and fees - Ana Rosen/PA
9/7/2021 5:35:19 PM (1305 views)
Re: Vermont appointments and fees - Rita Killary/NY
9/7/2021 7:05:50 PM (1927 views)
Re: Vermont appointments and fees - Ana Rosen/PA
9/8/2021 8:37:42 AM (1989 views)
Re: Vermont appointments and fees - Christopher Wigg/CA
9/10/2021 2:13:12 PM (1900 views)

JMT Doucment Services - Carlyle Millard/WV
9/1/2021 9:36:18 PM (1209 views)

Turning Houses into Corporations - Robert Franco/OH
8/26/2021 8:35:17 AM (1798 views)
Re: Turning Houses into Corporations - Jay Duncan/MO
8/26/2021 9:15:55 AM (1986 views)
Re: Turning Houses into Corporations - Melinda Barcum, J.D./AL
9/10/2021 8:54:22 AM (1861 views)
Re: Turning Houses into Corporations - Alix Ott/MI
9/13/2021 9:59:53 AM (1760 views)
Re: Turning Houses into Corporations - Alix Ott/MI
9/13/2021 10:21:55 AM (1810 views)
Re: Turning Houses into Corporations - Robert Franco/OH
9/13/2021 11:36:07 AM (1757 views)
You can't "turn a house" into an LLC - Victoria Moate/NJ
11/1/2021 5:57:39 PM (1529 views)
You can't "turn a house" into an LLC - Victoria Moate/NJ
11/1/2021 6:04:38 PM (1519 views)


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