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Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Source of Title/OH
11/8/2021 9:42:02 AM (2858 views)
ALTA does it again, without support of members - Patrick Miller/LA
11/8/2021 9:42:02 AM (4499 views)
Re: ALTA does it again, without support of members - Garret  Fitzgerald/VA
11/8/2021 10:10:40 AM (4377 views)
Re: ALTA does it again, without support of members - Robert Franco/OH
11/8/2021 1:33:29 PM (4632 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
11/8/2021 10:14:00 AM (4307 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Robert Franco/OH
11/8/2021 1:26:30 PM (4388 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
11/8/2021 1:45:33 PM (4429 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - george Hubka/MI
12/13/2021 12:31:09 PM (4208 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
12/13/2021 1:32:25 PM (4245 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - george Hubka/MI
12/13/2021 6:57:49 PM (4251 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Garret  Fitzgerald/VA
12/13/2021 6:59:45 PM (4131 views)
Re: Comment on "NAR Statement on the Passage of Bipartisan Infrastructure Bill" - Rita Killary/NY
12/20/2021 9:32:31 AM (4149 views)
Bridge to Nowhere - Judy Maclauchlan/LA
12/27/2021 9:22:04 AM (3932 views)
Home Rule/State Rule vs Federal Rule - Victoria Moate/NJ
11/23/2021 11:16:22 AM (4490 views)
Re: Home Rule/State Rule vs Federal Rule - george Hubka/MI
12/13/2021 12:37:13 PM (4304 views)
Re: Home Rule/State Rule vs Federal Rule - Garret  Fitzgerald/VA
12/13/2021 7:01:44 PM (4172 views)
Re: Home Rule/State Rule vs Federal Rule - george Hubka/MI
12/13/2021 8:55:43 PM (4182 views)
Re: Home Rule/State Rule vs Federal Rule - george Hubka/MI
12/19/2021 9:26:30 PM (4153 views)
Re: Home Rule/State Rule vs Federal Rule - Garret  Fitzgerald/VA
12/20/2021 11:18:31 AM (3970 views)

DRN , no pay. - A. Christopher Hohenfels/VA
11/5/2021 10:32:28 AM (2520 views)
Re: DRN ,partial paid, took a while - A. Christopher Hohenfels/VA
11/7/2021 8:23:17 PM (3412 views)
Re: DRN , paid in full, all ok - A. Christopher Hohenfels/VA
1/29/2022 10:43:58 AM (2668 views)

DRN any reports ? - A. Christopher Hohenfels/VA
11/5/2021 10:24:00 AM (2347 views)
Re: DRN any reports ? - Smitty Strickland/SC
11/7/2021 4:36:59 PM (3248 views)
Re: DRN any reports ? - Joyce Harper/OH
11/8/2021 10:11:24 AM (3131 views)

E&O - sharon tornes/MN
10/28/2021 10:36:46 AM (2094 views)
Re: E&O - Smitty Strickland/SC
10/30/2021 7:34:19 PM (3339 views)
Re: E&O - Jeanine Johnson/MN
12/6/2021 5:18:07 PM (3003 views)

Fee Favor.com - SUZANNE WALLACE/CA
10/26/2021 2:19:52 PM (2679 views)
Re: Fee Favor.com - DB Title Solutions/CA
10/31/2021 4:48:24 AM (3390 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
10/31/2021 9:03:38 PM (3308 views)
Re: Fee Favor.com - Paula Reynolds/FL
11/1/2021 8:38:06 AM (3487 views)
Re: Fee Favor.com - Smitty Strickland/SC
11/1/2021 4:19:06 PM (3364 views)
Re: Fee Favor.com - george Hubka/MI
12/13/2021 12:39:23 PM (2966 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:04:43 PM (3058 views)
Re: Fee Favor.com - Rene Blevins/VA
11/8/2021 12:17:47 PM (3112 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:05:36 PM (3095 views)
Re: Fee Favor.com - Chris Crook/GA
11/8/2021 8:57:34 PM (3258 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
12/7/2021 6:06:59 PM (3225 views)




Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (2033 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/25/2021 12:08:51 PM (3181 views)
Re: Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 12:12:57 PM (3040 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (2988 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (3067 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (2980 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (3070 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (3138 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (2900 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (3099 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:10:47 PM (2789 views)
Re: Cook County, Illinois RECORDER not Title Plant - Victoria Moate/NJ
11/16/2021 10:00:08 PM (2884 views)

TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (2206 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (2872 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (2021 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (3230 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1980 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (3319 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (2300 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (3458 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (3522 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (2899 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (3617 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (3784 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (3580 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (3455 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (3386 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (3386 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (3357 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (3508 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (3205 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (3301 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (3191 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (3185 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (3286 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (3209 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (3174 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (2795 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (3133 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (3212 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (2701 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (3119 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (3219 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 (2890 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (3018 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (2767 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (2801 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (3047 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (2944 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (2952 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (2895 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (2914 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (3964 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (2940 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (2945 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (2808 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (2794 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (2873 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (2788 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (2865 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (2875 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (2249 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (2549 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (3462 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (3430 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (3455 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (3382 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (3386 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (3515 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (3293 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (3373 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (3305 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (3318 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (3229 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (3133 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (2977 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (2941 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (2028 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (2644 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (3828 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (3515 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (3715 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (3473 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (3204 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (3309 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (3264 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (3325 views)


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