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AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (2163 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (3569 views)

Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (2097 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (3688 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (2402 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (3751 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (3806 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (3026 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (3890 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (4069 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (3872 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (3729 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (3663 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (3671 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (3674 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (3819 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (3509 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (3662 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (3494 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (3476 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (3590 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (3502 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (3470 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (3088 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (3410 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (3530 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (3003 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (3425 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (3508 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 (3227 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (3310 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (3064 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (3087 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (3363 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (3329 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (3229 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (3170 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (3203 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (4280 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (3259 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (3268 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (3077 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (3063 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (3185 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (3097 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (3132 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (3152 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (2382 views)




Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (2661 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (3803 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (3872 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (3778 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (3709 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (3741 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (3886 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (3632 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (3764 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (3657 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (3647 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (3580 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (3474 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (3284 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (3286 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (2138 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (2798 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (4200 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (3905 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (4112 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (3831 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (3578 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (3676 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (3651 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (3691 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (2285 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (3552 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (3617 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (3421 views)

ALTERNATIVE FAX NUMBER - Heidi Gemeling/FL
9/13/2021 5:07:42 PM (2128 views)
Re: ALTERNATIVE FAX NUMBER - Brandon ONeal/TN
9/13/2021 6:24:24 PM (3599 views)
Re: ALTERNATIVE FAX NUMBER - Craig Honeker/AZ
9/16/2021 5:31:32 PM (3553 views)
Re: ALTERNATIVE FAX NUMBER - Marilyn Knobel/NY
9/20/2021 9:02:36 AM (3467 views)
Re: ALTERNATIVE FAX NUMBER - Alix Ott/MI
9/28/2021 9:27:55 AM (3344 views)

NobleServe,LLC - Smitty Strickland/SC
9/13/2021 5:00:51 PM (2819 views)
Re: NobleServe,LLC - Randi Erickson/MN
9/15/2021 3:23:17 PM (4027 views)
Re: NobleServe,LLC - Marilyn Knobel/NY
9/20/2021 9:03:24 AM (3610 views)

ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/9/2021 12:48:14 PM (2565 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - William Duncan/SC
9/10/2021 11:40:16 AM (3789 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/10/2021 5:41:55 PM (3633 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Jolene Crofoot/MN
9/13/2021 12:16:25 PM (3532 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Erich Wiedel/MD
9/20/2021 9:01:49 AM (3487 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Alix Ott/MI
9/28/2021 9:24:07 AM (3408 views)
Re: ACH, Bill.com, Venmo, Paypal etc. - Dan Zook/NY
9/28/2021 6:58:28 PM (8847 views)

CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/8/2021 8:01:04 AM (2263 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - James Powell/MI
9/9/2021 12:04:26 PM (3784 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Ed Frederick/IN
9/9/2021 2:36:13 PM (3790 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:50:23 AM (3719 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Jeanine Johnson/MN
9/13/2021 9:06:03 AM (3486 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Heidi Gemeling/FL
9/13/2021 10:19:05 AM (3817 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Robert Franco/OH
9/14/2021 11:50:34 AM (3591 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/11/2021 8:49:34 AM (3065 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
10/25/2021 11:15:37 PM (3298 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - Garret  Fitzgerald/VA
10/26/2021 5:40:01 AM (3124 views)
Re: CRYPTOCURRENCY AND ESCROW ACCOUNTS - george Hubka/MI
12/19/2021 9:29:11 PM (3289 views)

Vermont appointments and fees - Ana Rosen/PA
9/7/2021 5:35:19 PM (2166 views)
Re: Vermont appointments and fees - Rita Killary/NY
9/7/2021 7:05:50 PM (3496 views)
Re: Vermont appointments and fees - Ana Rosen/PA
9/8/2021 8:37:42 AM (3552 views)
Re: Vermont appointments and fees - Christopher Wigg/CA
9/10/2021 2:13:12 PM (3543 views)

JMT Doucment Services - Carlyle Millard/WV
9/1/2021 9:36:18 PM (1966 views)


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