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TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (1714 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (2029 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (1559 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (2345 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1496 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (2449 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (1865 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (2596 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (2597 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (2383 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (2660 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (2801 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (2647 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (2536 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (2410 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (2470 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (2411 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (2610 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (2325 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (2394 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (2269 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (2254 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (2401 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (2320 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (2272 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (1936 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (2234 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (2329 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (1870 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (2226 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (2349 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 (2042 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (2110 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (1913 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (1911 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (2098 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (1930 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (1904 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (1889 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (1900 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (2898 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (1901 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (1916 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (1810 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (1780 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (1872 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (1826 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (1853 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (1883 views)




Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (1820 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (1920 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (2412 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (2388 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (2375 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (2307 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (2310 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (2431 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (2288 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (2285 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (2258 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (2233 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (2135 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (2089 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (1912 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (1887 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (1506 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (2201 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (2891 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (2604 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (2759 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (2537 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (2302 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (2376 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (2352 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (2390 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (1632 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (2308 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (2318 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (2229 views)

ALTERNATIVE FAX NUMBER - Heidi Gemeling/FL
9/13/2021 5:07:42 PM (1484 views)
Re: ALTERNATIVE FAX NUMBER - Brandon ONeal/TN
9/13/2021 6:24:24 PM (2303 views)
Re: ALTERNATIVE FAX NUMBER - Craig Honeker/AZ
9/16/2021 5:31:32 PM (2333 views)
Re: ALTERNATIVE FAX NUMBER - Marilyn Knobel/NY
9/20/2021 9:02:36 AM (2186 views)
Re: ALTERNATIVE FAX NUMBER - Alix Ott/MI
9/28/2021 9:27:55 AM (2112 views)

NobleServe,LLC - Smitty Strickland/SC
9/13/2021 5:00:51 PM (2189 views)
Re: NobleServe,LLC - Randi Erickson/MN
9/15/2021 3:23:17 PM (2736 views)
Re: NobleServe,LLC - Marilyn Knobel/NY
9/20/2021 9:03:24 AM (2422 views)

ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/9/2021 12:48:14 PM (1850 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - William Duncan/SC
9/10/2021 11:40:16 AM (2451 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/10/2021 5:41:55 PM (2294 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Jolene Crofoot/MN
9/13/2021 12:16:25 PM (2212 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Erich Wiedel/MD
9/20/2021 9:01:49 AM (2217 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Alix Ott/MI
9/28/2021 9:24:07 AM (2121 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/28/2021 6:58:28 PM (7572 views)

CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/8/2021 8:01:04 AM (1661 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - James Powell/MI
9/9/2021 12:04:26 PM (2413 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Ed Frederick/IN
9/9/2021 2:36:13 PM (2386 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:50:23 AM (2267 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:06:03 AM (2109 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/13/2021 10:19:05 AM (2271 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Robert Franco/OH
9/14/2021 11:50:34 AM (2215 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/11/2021 8:49:34 AM (1803 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
10/25/2021 11:15:37 PM (1923 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/26/2021 5:40:01 AM (1833 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
12/19/2021 9:29:11 PM (1803 views)

Vermont appointments and fees - Ana Rosen/PA
9/7/2021 5:35:19 PM (1447 views)
Re: Vermont appointments and fees - Rita Killary/NY
9/7/2021 7:05:50 PM (2231 views)
Re: Vermont appointments and fees - Ana Rosen/PA
9/8/2021 8:37:42 AM (2277 views)
Re: Vermont appointments and fees - Christopher Wigg/CA
9/10/2021 2:13:12 PM (2233 views)


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