The public simply doesn't understand the liabilities they face in owning property. The banks and mortgage companies do, and look at the risks they've been taking the last six years!
It's amazing to me that a service which provides people and lenders so much protection at so little cost is constantly having it's worth questioned.
If abstractors become obsolete, it's because the lenders feel they can take the risk on title. As an abstractor, I am at the mercy of the banking industry- the masters to whom I serve.
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