Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[-] Mortage Surveys - Garland Burnett/NM (5 replies)
4/4/2005 1:38:51 AM (2454 views)
Re: Mortage Surveys - Donna Grady/NC
4/4/2005 11:46:34 PM (3345 views)
Re: Mortage Surveys - Garland Burnett/NM
4/5/2005 1:10:52 AM (3335 views)

I have lived in Oregon, Washington, Idaho and now New Mexico and all the real estate agents charge 6% for developed property and 10% for undeveloped land.  I have talked to other surveyors in most of the western states and they tell me that their realitors are charging the same fee schedule.  Although this is not what we normally think of as price fixing it sure seems odd to me that the same percentage of the sale price is the fee collected by some many real estate agents.
The reason for the fee I charge is that New Mexico is mostly undeveloped property.  Some one will come to you with a deed that is 100% bounds and the adjoing deeds don't match as far as the adjoiner call.  The area contained within the deed does not match the use and occupation lines and then you find out the deed was written by a notary in 1940 and the infromation was just repeated for deed to deed.  Or the deed(s) were in spanish and incorrectly translated to english.  Tons of other problems that are not addressed since the title companies usually write an exception to coverage that allow them to skip doing a through title search.  I wass given a survey to do and one page of document references by a title company.  I made a quick search of the court house and ended up with a three page list of relavant documents.  Things like a town site that underlayed my clients property, with twenty two deed for lots.  Along with a lot of other distrubing things.  Took me three months to unravel all the problems for my client.  If you can imagine your worst colonial title search and resulting title and occupation problems, then you have a clear picture of about 70% of the land in New Mexico.  
I love the work, kind of like doing a CSI for real property, but I need to get paid a reasonable fee for the work and two to three hunred bucks does not cover my transportation costs or my E&O insurance cost.
Seems some of us are getting the very short end of the stick, especially if you are representive of abstractors in your area.
I would be dead in the water without may of the older abstracts I use in my work.  They are worth their weight in gold for me.   

to post a reply: login - or - register


Re: Mortage Surveys - Robert Franco/OH
4/5/2005 8:52:55 AM (3429 views)
Re: Mortage Surveys - Garland Burnett/NM
4/6/2005 12:35:41 AM (3406 views)
Re: Mortage Surveys - george Hubka/MI
4/5/2005 9:02:19 PM (3335 views)

[+] Locks - Judy Nisonger/CA (1 reply)
4/3/2005 5:50:19 PM (2454 views)

[+] Shit List - Judy Nisonger/CA (20 replies)
4/3/2005 5:47:18 PM (2654 views)

[+] origin date of messge board - Kim Haase/MT (3 replies)
4/2/2005 2:22:29 PM (2274 views)

[+] Web Sites for Independents - David Bloys/TX (5 replies)
4/2/2005 11:08:08 AM (3612 views)




[+] Don't click here - James "Lin" Toney/MS (4 replies)
4/2/2005 1:11:32 AM (3773 views)

Do you BLOG? - Donna Grady/NC
4/2/2005 12:55:34 AM (3074 views)

[+] tax man cometh - Donna Grady/NC (6 replies)
4/2/2005 12:47:40 AM (2274 views)

[+] New Message Forum Feature - Slade Smith/OH (2 replies)
4/1/2005 3:09:11 PM (2461 views)

[+] Commercial Abstracts - Deborah Manion/VA (2 replies)
4/1/2005 9:12:18 AM (2377 views)

[+] short timelines - Douglas Gallant/OH (3 replies)
3/31/2005 7:33:40 PM (2352 views)

[+] Advice about Titlesearch USA - christine hughes/MA (14 replies)
3/31/2005 3:59:21 PM (2561 views)

Easy Enhancement - Kim Haase/MT
3/31/2005 3:20:02 PM (1838 views)

[+] SOT is awesome - Deborah Manion/VA (8 replies)
3/30/2005 4:55:35 PM (2348 views)

[+] Oh My Could it Have Been? - Lisa Ramsey/TX (1 reply)
3/30/2005 8:55:51 AM (2343 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8973 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

CertifID Acquires CloseSimple to Transform the Real Estate Closing
With CloseSimple now part of CertifID, the combined platform will deepen integrations with title production systems, acc...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Last week’s CPI data showed that inflation continued to move higher, putting upward pressure on rates early...
NAR Pending Home Sales Report Shows 3.8% Increase in May
“A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up housing dem...
NAR Chief Economist Lawrence Yun Says Home Sales Expected to Improve in Second Half of 2026
NAR’s current forecast calls for existing-home sales to rise 4% this year, with the median home price also climbin...
May Housing Starts Fall as Multifamily Construction Slows Sharply
“The decline in housing starts aligns with NAHB’s latest builder survey, which showed builder sentiment weak...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.