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E&O - sharon tornes/MN
10/28/2021 10:36:46 AM (2396 views)
Re: E&O - Smitty Strickland/SC
10/30/2021 7:34:19 PM (3775 views)
Re: E&O - Jeanine Johnson/MN
12/6/2021 5:18:07 PM (3475 views)

Fee Favor.com - SUZANNE WALLACE/CA
10/26/2021 2:19:52 PM (2970 views)
Re: Fee Favor.com - DB Title Solutions/CA
10/31/2021 4:48:24 AM (3919 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
10/31/2021 9:03:38 PM (3772 views)
Re: Fee Favor.com - Paula Reynolds/FL
11/1/2021 8:38:06 AM (4031 views)
Re: Fee Favor.com - Smitty Strickland/SC
11/1/2021 4:19:06 PM (3854 views)
Re: Fee Favor.com - george Hubka/MI
12/13/2021 12:39:23 PM (3448 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:04:43 PM (3530 views)
Re: Fee Favor.com - Rene Blevins/VA
11/8/2021 12:17:47 PM (3560 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
11/8/2021 11:05:36 PM (3576 views)
Re: Fee Favor.com - Chris Crook/GA
11/8/2021 8:57:34 PM (3812 views)
Re: Fee Favor.com - SUZANNE WALLACE/CA
12/7/2021 6:06:59 PM (3737 views)

Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 11:51:15 AM (2324 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/25/2021 12:08:51 PM (3778 views)
Re: Cook County, Illinois Title Plant - Ted Williamson/TX
10/25/2021 12:12:57 PM (3557 views)
Re: Cook County, Illinois Title Plant - Vincent Clarance/CA
10/26/2021 9:26:16 PM (3549 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/27/2021 2:01:03 PM (3575 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:32:32 AM (3458 views)
Re: Cook County, Illinois Title Plant - Vaish S/IN
10/28/2021 9:49:45 AM (3590 views)
Re: Cook County, Illinois Title Plant - Jay Duncan/MO
10/28/2021 9:58:34 AM (3665 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:08:49 PM (3466 views)
Re: Cook County, Illinois Title Plant - Robert Franco/OH
10/25/2021 12:32:54 PM (3629 views)
Re: Cook County, Illinois Title Plant - SUZANNE WALLACE/CA
11/8/2021 11:10:47 PM (3302 views)
Re: Cook County, Illinois RECORDER not Title Plant - Victoria Moate/NJ
11/16/2021 10:00:08 PM (3489 views)

TitleIT Inc - William Duncan/SC
10/21/2021 11:15:08 AM (2546 views)
Re: TitleIT Inc - SUZANNE WALLACE/CA
11/8/2021 11:13:25 PM (3372 views)

AMI Services - Marilyn Knobel/NY
10/21/2021 11:05:03 AM (2392 views)
Re: AMI Services - William Duncan/SC
10/21/2021 11:14:47 AM (3770 views)




Georgia Abstractors - Paige Dunn/GA
10/20/2021 11:47:15 PM (2324 views)
Re: Georgia Abstractors - William Duncan/SC
10/21/2021 10:54:29 AM (3917 views)

Anyone there? - William Duncan/SC
10/18/2021 9:53:23 AM (2640 views)
Re: Anyone there? - Jay Duncan/MO
10/20/2021 2:21:23 PM (3970 views)
Re: Anyone there? - William Duncan/SC
10/21/2021 10:53:15 AM (4005 views)

Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/4/2021 1:57:10 PM (3248 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/4/2021 3:01:40 PM (4115 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/4/2021 4:58:59 PM (4295 views)
Re: Requiring Full E&R for Last Owner Searches - Kurt deVries/FL
10/5/2021 11:45:19 AM (4089 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/8/2021 10:54:18 AM (3980 views)
Re: Requiring Full E&R for Last Owner Searches - Bruce Lutz/PA
10/11/2021 9:47:30 AM (3895 views)
Re: Requiring Full E&R for Last Owner Searches - Leigh Attridge/MA
10/10/2021 9:14:44 AM (3848 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 8:32:16 AM (3931 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 10:29:29 AM (4020 views)
Re: Requiring Full E&R for Last Owner Searches - Alix Ott/MI
10/11/2021 11:17:30 AM (3737 views)
Re: Requiring Full E&R for Last Owner Searches - Robert Franco/OH
10/11/2021 11:49:04 AM (3873 views)
Re: Requiring Full E&R for Last Owner Searches - Garret  Fitzgerald/VA
10/11/2021 8:47:25 AM (3729 views)
Re: Requiring Full E&R for Last Owner Searches - Rene Blevins/VA
11/9/2021 8:56:21 AM (3726 views)
Re: Requiring Full E&R for Last Owner Searches - WAYNE QUICK/NC
10/11/2021 9:07:19 AM (3826 views)
Re: Requiring Full E&R for Last Owner Searches - Shannon Budziak/VT
10/11/2021 10:06:02 AM (3742 views)
Re: Requiring Full E&R for Last Owner Searches - Smitty Strickland/SC
10/17/2021 12:15:52 PM (3681 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:18:42 PM (3294 views)
Re: Requiring Full E&R for Last Owner Searches - Jeanine Johnson/MN
10/11/2021 10:44:54 AM (3641 views)
Re: Requiring Full E&R for Last Owner Searches - Philip Apter/CT
10/11/2021 7:11:59 PM (3740 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:20:10 PM (3187 views)
Re: Requiring Full E&R for Last Owner Searches - Paula Reynolds/FL
10/18/2021 11:46:34 AM (3636 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
10/19/2021 8:41:55 AM (3740 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 (3443 views)
Re: Requiring Full E&R for Last Owner Searches - Larry Crooks/OH
11/9/2021 8:56:05 AM (3543 views)
Re: Requiring Full E&R for Last Owner Searches - SUZANNE WALLACE/CA
11/8/2021 11:17:34 PM (3272 views)
Re: Requiring Full E&R for Last Owner Searches - Serena Stout/VA
11/15/2021 8:40:20 AM (3286 views)
Full search = full search price - Victoria Moate/NJ
11/16/2021 10:13:56 PM (3555 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 9:28:26 AM (3548 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 1:15:33 PM (3455 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 1:28:28 PM (3394 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 4:07:42 PM (3383 views)
Re: Full search = full search price - Larry Crooks/OH
11/22/2021 4:56:25 PM (4498 views)
Re: Full search = full search price - Victoria Moate/NJ
11/22/2021 5:25:11 PM (3444 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 10:24:45 AM (3469 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 10:53:54 AM (3262 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 12:21:17 PM (3271 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 3:47:04 PM (3395 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:06:42 PM (3277 views)
Re: Full search = full search price - Victoria Moate/NJ
11/23/2021 4:11:22 PM (3338 views)
Re: Full search = full search price - Larry Crooks/OH
11/23/2021 4:20:36 PM (3322 views)

Priority Title & Escrow, LLC - Smitty Strickland/SC
10/2/2021 5:26:51 PM (2591 views)

Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/29/2021 7:54:29 PM (2865 views)
Re: Free Metes and Bounds online sofware - Robert Franco/OH
9/30/2021 10:26:51 AM (4000 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
9/30/2021 10:51:13 AM (4091 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/3/2021 10:20:46 AM (3996 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/3/2021 6:16:55 PM (3939 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 8:45:40 AM (3902 views)
Re: Free Metes and Bounds online sofware - Heidi Gemeling/FL
10/4/2021 8:55:22 AM (4068 views)
Re: Free Metes and Bounds online sofware - REBECCA RIZZONELLI/PA
10/4/2021 9:20:20 AM (3828 views)
Re: Free Metes and Bounds online sofware - Anita Backlund/MN
10/4/2021 3:40:33 PM (3982 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 12:23:36 PM (3854 views)
Re: Free Metes and Bounds online sofware - Jeanine Johnson/MN
10/4/2021 9:39:41 AM (3890 views)
Re: Free Metes and Bounds online sofware - Lou Ann Steele/TN
10/8/2021 3:19:16 PM (3806 views)
Re: Free Metes and Bounds online sofware - Victoria  Wertz/GA
10/11/2021 10:09:21 AM (3701 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:04:43 PM (3466 views)
Are you trying to be a surveyor? - Victoria Moate/NJ
11/16/2021 10:05:28 PM (3475 views)

Los Angeles County - October 1st - Dan Zook/NY
9/28/2021 7:52:23 PM (2349 views)

Low Volume - Jason Roy/DE
9/27/2021 11:46:50 AM (3010 views)
Re: Low Volume - William Duncan/SC
9/27/2021 12:39:18 PM (4446 views)
Re: Low Volume - Jason Roy/DE
9/27/2021 2:42:12 PM (4138 views)
Re: Low Volume - Heidi Gemeling/FL
9/28/2021 6:27:30 AM (4328 views)
Re: Low Volume - Ana Rosen/PA
10/4/2021 9:58:24 AM (4036 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 12:03:04 PM (3739 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:19:43 PM (3869 views)
Re: Low Volume - Kristie Rich/AZ
10/12/2021 2:24:44 PM (3901 views)
Re: Low Volume - Rita Killary/NY
10/12/2021 2:29:45 PM (3885 views)

Union, NC - Ana Rosen/PA
9/16/2021 2:55:31 PM (2528 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 9:09:01 AM (3738 views)
Re: Union, NC - Ana Rosen/PA
9/20/2021 9:25:49 AM (3807 views)
Re: Union, NC - Richard  Gibbons/SC
9/20/2021 3:40:38 PM (3597 views)

ALTERNATIVE FAX NUMBER - Heidi Gemeling/FL
9/13/2021 5:07:42 PM (2326 views)
Re: ALTERNATIVE FAX NUMBER - Brandon ONeal/TN
9/13/2021 6:24:24 PM (3878 views)
Re: ALTERNATIVE FAX NUMBER - Craig Honeker/AZ
9/16/2021 5:31:32 PM (3722 views)
Re: ALTERNATIVE FAX NUMBER - Marilyn Knobel/NY
9/20/2021 9:02:36 AM (3645 views)
Re: ALTERNATIVE FAX NUMBER - Alix Ott/MI
9/28/2021 9:27:55 AM (3529 views)

NobleServe,LLC - Smitty Strickland/SC
9/13/2021 5:00:51 PM (2977 views)
Re: NobleServe,LLC - Randi Erickson/MN
9/15/2021 3:23:17 PM (4232 views)
Re: NobleServe,LLC - Marilyn Knobel/NY
9/20/2021 9:03:24 AM (3807 views)


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