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[+] The worst invention ever! - Robert Franco/OH (9 replies)
6/24/2005 9:32:21 AM (2521 views)

Sorry.... - Jason Sheppard/PA
6/23/2005 5:33:58 PM (1824 views)

[+] TO ALL LENDING INSTITUTIONS ETC - Lisa Ramsey/TX (16 replies)
6/23/2005 10:36:17 AM (3484 views)

[-] Wouldn't Uniformity Be Cool? - Patrick Scott/IL (19 replies)
6/22/2005 6:10:51 PM (2385 views)
Re: Wouldn't Uniformity Be Cool? - David Bloys/TX
6/23/2005 11:39:44 AM (2735 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/23/2005 1:55:44 PM (2919 views)
Re: Wouldn't Uniformity Be Cool? - Ellen Malloy/MO
6/23/2005 9:21:20 PM (2791 views)
Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/24/2005 12:06:26 PM (2737 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/24/2005 12:56:46 PM (2539 views)

Hey Patrick,

I completely agree with everything you have said.  I even agree that some type of uniformity would be nice.  I just think it is sad that it is necessary.  The underwriters "relaxing" their standards is the real problem.  I agree that the potential losses are by far made up for in the volume and I'm sure this has led to better profits for them.  However, insuring over title defects does not provide the same benefits to the consumer as fixing them.  Even though there is insurance to cover any losses, it is still an inconvenience, at the least, to make the consumer jump through hoops to fix a problem that should have been cleared at closing.

In some instances, blanket exceptions are issued as a part of the policy; such as "...any easements or restrictions of record."  In my opinion, this is providing a huge disservice to the consumer who mistakenly believes that his policy is evidence that he has good title.

In the case of lenders that are not getting title insurance and are willing to accept certain risks, it is probably a good business decision.  However, I don't think that should change the title search requirements. The search should still show ALL MATTERS AFFECTING TITLE within the time frame of the search - and then, after being duly informed of the risks, they can choose to disregard anything they deem appropriate.

I know that the industry has changed and my thinking is "old school," but it is not a good path for us to head down.  Eventually, it will turn into a casualty based insurance where no title search is required and the consumer will suffer. 
Good points, and I thank you for posting the thread.  It is an interesting topic for discussion.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/24/2005 3:12:14 PM (2641 views)
Re: Wouldn't Uniformity Be Cool? - Shannon Blatt/VA
6/24/2005 4:05:54 PM (2576 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/25/2005 2:14:51 PM (2714 views)
Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/27/2005 2:48:58 PM (2591 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/27/2005 3:35:47 PM (2509 views)
Re: Wouldn't Uniformity Be Cool? - Jay Duncan/MO
6/27/2005 5:37:43 PM (2605 views)
Re: Wouldn't Uniformity Be Cool? - Douglas Gallant/OH
6/26/2005 6:07:23 PM (2584 views)
Re: Wouldn't Uniformity Be Cool? - Mark Russomanno/NJ
6/25/2005 11:59:33 PM (2525 views)
Re: Wouldn't Uniformity Be Cool? - Kevin Ahern/CT
6/26/2005 7:49:42 AM (2454 views)
Re: Wouldn't Uniformity Be Cool? - David Bloys/TX
6/26/2005 9:29:36 AM (2556 views)
Re: Wouldn't Uniformity Be Cool? - Kevin Ahern/CT
6/26/2005 1:02:56 PM (2603 views)
Re: Wouldn't Uniformity Be Cool? - David Bloys/TX
6/26/2005 4:01:20 PM (2559 views)
Re: Wouldn't Uniformity Be Cool? - Kevin Ahern/CT
6/26/2005 4:38:20 PM (2562 views)
Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/27/2005 3:03:57 PM (2463 views)

[+] 2005 Independent Abstractor Report - Jarrod Clabaugh/OH (2 replies)
6/21/2005 4:49:24 PM (2481 views)




[+] VENDOR MANAGERS SPEAK UP - Michael Frank/TX (7 replies)
6/20/2005 7:21:18 PM (2498 views)

[+] Thanks for the E & O info - Kurt deVries/FL (3 replies)
6/20/2005 3:22:07 PM (2286 views)

[+] Closing Company out of business? - Jen McClosky/OH (1 reply)
6/20/2005 1:57:34 PM (2240 views)

[+] QUESTION FOR VM'S: HOW MANY OF YOU... - Scott Perry/PA (10 replies)
6/18/2005 8:33:42 PM (2499 views)

NALTEA conference/newsletter - Douglas Gallant/OH
6/17/2005 6:11:09 PM (1845 views)

D&S abstracting in Indiana - Michael Frank/TX
6/17/2005 3:36:33 PM (2041 views)

[+] Titlesearch USA?????????? - Tammy Knight/MO (12 replies)
6/16/2005 9:44:29 PM (2410 views)

[+] HUD To Officially Annouce RESPA Reform - Jason Sheppard/PA (2 replies)
6/16/2005 11:33:20 AM (2225 views)

[+] E & O Insurance - Kurt deVries/FL (6 replies)
6/16/2005 10:43:02 AM (2150 views)

[+] vendor manager survey numbers - Kim Haase/MT (14 replies)
6/15/2005 12:35:50 PM (2356 views)


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