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DRN , no pay. - A. Christopher Hohenfels/VA
11/5/2021 10:32:28 AM (2498 views)
Re: DRN ,partial paid, took a while - A. Christopher Hohenfels/VA
11/7/2021 8:23:17 PM (3399 views)
Re: DRN , paid in full, all ok - A. Christopher Hohenfels/VA
1/29/2022 10:43:58 AM (2649 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 (3114 views)

E&O - sharon tornes/MN
10/28/2021 10:36:46 AM (2089 views)
Re: E&O - Smitty Strickland/SC
10/30/2021 7:34:19 PM (3331 views)
Re: E&O - Jeanine Johnson/MN
12/6/2021 5:18:07 PM (2992 views)

Fee Favor.com - SUZANNE WALLACE/CA
10/26/2021 2:19:52 PM (2665 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 (3297 views)
Re: Fee Favor.com - Paula Reynolds/FL
11/1/2021 8:38:06 AM (3481 views)
Re: Fee Favor.com - Smitty Strickland/SC
11/1/2021 4:19:06 PM (3352 views)
Re: Fee Favor.com - george Hubka/MI
12/13/2021 12:39:23 PM (2954 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:04:43 PM (3050 views)
Re: Fee Favor.com - Rene Blevins/VA
11/8/2021 12:17:47 PM (3107 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:05:36 PM (3082 views)
Re: Fee Favor.com - Chris Crook/GA
11/8/2021 8:57:34 PM (3242 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
12/7/2021 6:06:59 PM (3213 views)

Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (2021 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 (3028 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (2978 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (3055 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (2978 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (3056 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (3123 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (2889 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (3088 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 (2870 views)




TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (2197 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 (3214 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (1975 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (3304 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (2296 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (3449 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (3508 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 (3773 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (3570 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (3444 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (3378 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (3372 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (3349 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (3501 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (3195 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 (3181 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (3175 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 (3195 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (3164 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 (2695 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (3107 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (3209 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 (2885 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 (2757 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 (3035 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 (2936 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 (2902 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (3955 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (2934 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (2932 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (2792 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (2785 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (2866 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (2776 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (2852 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (2869 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (2243 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (2538 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (3454 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (3424 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (3444 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (3375 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (3374 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (3501 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 (3294 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 (3205 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 (2972 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (2931 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (2019 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (2642 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (3817 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (3502 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (3707 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (3460 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (3193 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (3304 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (3258 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (3317 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (2138 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (3217 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (3244 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (3109 views)


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