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[+] ALTA Condemns Consumer Reports' Article RE: Title Insurance - Jarrod Clabaugh/OH (6 replies)
7/10/2006 2:49:33 PM (4692 views)

[+] 920 Hewlett Packard Capshare - Christine Sheeler/PA (3 replies)
7/10/2006 12:59:29 PM (3125 views)

EREVNA RESEARCH - Becky Kale/IL
7/10/2006 12:04:00 PM (3273 views)

[+] Too Many Keys - David Bloys/TX (6 replies)
7/8/2006 7:36:02 PM (3111 views)

[+] Dear Vendor Manager - Ricky Farrow/FL (13 replies)
7/8/2006 5:14:28 PM (3273 views)




[+] Any recommendations - Phyllis /GA (1 reply)
7/8/2006 11:11:15 AM (2966 views)

[+] Jim Girardi - Jay Duncan/MO (6 replies)
7/6/2006 4:46:34 PM (3157 views)

[+] Trip fees- Multiple recordings- One for the independent abstractors - Matt Papsch/MD (15 replies)
7/6/2006 3:50:45 PM (3105 views)

[+] Contemporary Realty - Eboni/VA (8 replies)
7/6/2006 11:01:52 AM (3153 views)

[+] Commercial Search Fees - Wendi See/SC (9 replies)
7/6/2006 10:53:35 AM (3338 views)

[+] NATIONWIDE APPRAISAL... - Michael /KS (13 replies)
7/5/2006 6:46:27 PM (3320 views)

[+] I think I'm done consulting...... - George Booth/OH (6 replies)
7/5/2006 4:51:02 PM (3232 views)

[+] PROPERTY DOCUMENT NETWORK - ANDREW MOLLER/CT (1 reply)
7/5/2006 3:22:19 PM (3035 views)

[+] How do you build your title search business through out your state - Margaret Tobin/NC (1 reply)
7/5/2006 1:38:41 AM (2976 views)

[-] Liability over 1M? - Nathan Miller/KY (15 replies)
7/2/2006 8:47:16 PM (3256 views)
Re: Liability over 1M? - Julie Jasiunas/WI
7/2/2006 10:37:23 PM (4424 views)
Re: Liability over 1M? - Kevin Ahern/CT
7/3/2006 5:30:40 AM (4386 views)
Re: Liability over 1M? - Scott Perry/PA
7/3/2006 9:37:24 AM (5010 views)
Re: Liability over 1M? - Kevin Ahern/CT
7/3/2006 10:29:28 AM (4870 views)
Re: Liability over 1M? - Ricky Farrow/FL
7/3/2006 11:30:28 AM (4743 views)
Re: Liability over 1M? - Kevin Ahern/CT
7/3/2006 12:15:31 PM (4647 views)
Re: Liability over 1M? - Robert Franco/OH
7/3/2006 12:46:51 PM (4925 views)
Re: Liability over 1M? - Scott Perry/PA
7/3/2006 3:19:00 PM (4731 views)
Re: Liability over 1M? - Mason Haas/NY
7/3/2006 3:12:57 PM (4504 views)
Re: Liability over 1M? - Kevin Ahern/CT
7/3/2006 3:39:11 PM (4713 views)
Re: Liability over 1M? - Ricky Farrow/FL
7/3/2006 6:07:26 PM (4726 views)
Re: Liability over 1M? - Kevin Ahern/CT
7/4/2006 6:47:02 AM (4772 views)
Re: Liability over 1M? - Robert Franco/OH
7/4/2006 2:37:56 PM (4675 views)
Re: Liability over 1M? - Ricky Farrow/FL
7/4/2006 11:23:56 PM (4516 views)

I respectfully disagree with your assessment of claims management by title insurers having anything to do with RESPA.  The core services required by RESPA involve the determination of insurability and who does the determining (and subsequent liability) And the full and honest disclosure of all costs associated with the closing - none of which is being done - but that is a different arguement.  Fairness does come into play in litigation.  Why should an entity receiving the smallest compensation suffer the greatest risk.  We, the abstractors and examiners, are to blame for the current situation.  We basically issue title insurance without any of the rules or regulations - or proper payment.

You also mention negligence.  One of the main concepts of running title is to do so in a manner that is "generally acceptable practice" in an area - boy, is that thrown out the window with the internet - or even worse filling out these ridiculous forms that they try to make us use.  Negligence is allowing a VM to take a current or 2-owner or Purchase Money Mortgage search and issue a title policy on it.  Let's take some of their requirements to court with the claim - no family to family deeds; forms that do not have a place for the type of deed; restrictions to be included on a limited search; searches that do not even require a copy of the deed.  We are WAY backwards on a lot of  the things going on in this industry!

The ultimate loser here is Mr. and Mrs. Homebuyer/refinancer - who gets a crappier product backed up by less and less.  And we are losing our jobs while we help them.

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Re: Liability over 1M? - Kevin Ahern/CT
7/5/2006 5:46:04 AM (4601 views)


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