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DRN , no pay. - A. Christopher Hohenfels/VA
11/5/2021 10:32:28 AM (2494 views)
Re: DRN ,partial paid, took a while - A. Christopher Hohenfels/VA
11/7/2021 8:23:17 PM (3396 views)
Re: DRN , paid in full, all ok - A. Christopher Hohenfels/VA
1/29/2022 10:43:58 AM (2647 views)

DRN any reports ? - A. Christopher Hohenfels/VA
11/5/2021 10:24:00 AM (2333 views)
Re: DRN any reports ? - Smitty Strickland/SC
11/7/2021 4:36:59 PM (3233 views)
Re: DRN any reports ? - Joyce Harper/OH
11/8/2021 10:11:24 AM (3113 views)

E&O - sharon tornes/MN
10/28/2021 10:36:46 AM (2086 views)
Re: E&O - Smitty Strickland/SC
10/30/2021 7:34:19 PM (3329 views)
Re: E&O - Jeanine Johnson/MN
12/6/2021 5:18:07 PM (2988 views)

Fee Favor.com - SUZANNE WALLACE/CA
10/26/2021 2:19:52 PM (2662 views)
Re: Fee Favor.com - DB Title Solutions/CA
10/31/2021 4:48:24 AM (3375 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
10/31/2021 9:03:38 PM (3295 views)
Re: Fee Favor.com - Paula Reynolds/FL
11/1/2021 8:38:06 AM (3478 views)
Re: Fee Favor.com - Smitty Strickland/SC
11/1/2021 4:19:06 PM (3348 views)
Re: Fee Favor.com - george Hubka/MI
12/13/2021 12:39:23 PM (2953 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:04:43 PM (3048 views)
Re: Fee Favor.com - Rene Blevins/VA
11/8/2021 12:17:47 PM (3104 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:05:36 PM (3081 views)
Re: Fee Favor.com - Chris Crook/GA
11/8/2021 8:57:34 PM (3239 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
12/7/2021 6:06:59 PM (3211 views)

Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (2020 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/25/2021 12:08:51 PM (3172 views)
Re: Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 12:12:57 PM (3027 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (2976 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (3054 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (2975 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (3054 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (3121 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (2886 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (3085 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:10:47 PM (2777 views)
Re: Cook County, Illinois RECORDER not Title Plant - Victoria Moate/NJ
11/16/2021 10:00:08 PM (2868 views)




TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (2195 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (2859 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (2013 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (3211 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1972 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (3303 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (2295 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (3447 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (3506 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (2891 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (3607 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (3770 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (3569 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (3443 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (3376 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (3369 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (3346 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (3497 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (3189 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (3287 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (3180 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (3172 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (3269 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (3194 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (3163 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (2786 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (3122 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (3201 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (2692 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (3106 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (3208 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 (2884 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (3009 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (2756 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (2793 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (3032 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (2937 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (2934 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (2880 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (2900 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (3954 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (2933 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (2926 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (2791 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (2782 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (2865 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (2774 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (2851 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (2867 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (2242 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (2534 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (3453 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (3423 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (3442 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (3373 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (3372 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (3497 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (3287 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (3360 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (3291 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (3314 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (3203 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (3126 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (2971 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (2929 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (2018 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (2639 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (3815 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (3498 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (3706 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (3459 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (3191 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (3303 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (3251 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (3313 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (2136 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (3213 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (3242 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (3106 views)


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