Having read the Red Vision article among the many other electronic search tools that are emerging on to the market, I begin to ponder whether the traditional role of the abstractor is capable of being salvaged. In view of the companies also attempting to contract their services for the price of "spare change" and at the same time requiring accelerated turn around times, mobile offices, outsourcing and included copy expenses, I also have to ask if the remuneration is worth the effort. The empahasis appears to be on speed/price rather than quality, so long as a resulting claim can be laid off against someone's insurance. Added to this are the slow pay/no pay clients.
Five years ago the usual assortment of searches consisted of a mix of full searches, two owner's and current owner's. How often does anyone see anything beside a current owner search any longer? How hard do you have to try to negotiate a marketable price? How hard do you have to fight to keep the volume and prevent competitors from undercutting you? some how I am having difficulty seeing what is to be gained. A year ago I remember reading a post from a New Jersey abstractor that was complaining about his work disappearing to electronic title plants. In the past year this seems to have become more common place than an aberation.
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