I agree with Robert's comments. They already have a "property report" product which is supposed to be a current owner search. However, they told me this morning that their property report instructs the abstractor to check open mortgages on the grantors and the grantees. First off, I much prefer the terms "immediate prior owner" and "current owner", because I think they are less ambiguous. When you word it this way, you know for sure that we are talking about the people who own the property now and the ones they bought it from.
Secondly, I think the term current owner search implies that it is current owner forward. Why anyone would muddy the waters and stick something else in there which is BEHIND the current owner is beyond me.
The NEW PRODUCT is supposed to be basically a vesting and mortgage report from what I can tell, but they still seem to want current and prior owner mortgages. Of course you can also bet that they want to pay something less than they are paying for their Property Report (current owner search).
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