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Creating Business - Mark Sizemore/IN
4/18/2005 11:58:33 AM (2319 views)
Re: Creating Business - Jay Duncan/MO
4/18/2005 2:56:53 PM (3240 views)
Re: Creating Business - george Hubka/MI
4/18/2005 5:43:24 PM (3104 views)
Re: Creating Business - Loretta Reed/MD
4/18/2005 7:01:48 PM (3109 views)
Re: Creating Business - Jay Duncan/MO
4/18/2005 8:23:48 PM (3084 views)
Re: Creating Business - Loretta Reed/MD
4/18/2005 8:31:23 PM (3180 views)

Conference forum - Shannon Blatt/VA
4/17/2005 11:30:38 PM (2333 views)
Re: Conference forum - Robert Franco/OH
4/18/2005 10:31:17 AM (3115 views)

NNBS/Anytime Services - Becky Cantrall/NC
4/14/2005 8:00:46 PM (2552 views)
Re: NNBS/Anytime Services - Matt Pardue/KY
5/2/2005 9:58:39 PM (3234 views)

Anyone know about Stonewood Group? - SHARON YAHRAES/ID
4/14/2005 1:41:13 PM (2430 views)
Re: Anyone know about Stonewood Group? - Donna Grady/NC
4/14/2005 1:58:41 PM (3243 views)
Re: Anyone know about Stonewood Group? - george Hubka/MI
4/14/2005 3:15:20 PM (3196 views)
Re: Anyone know about Stonewood Group? - Becky Cantrall/NC
4/14/2005 7:55:23 PM (3152 views)
Re: Anyone know about Stonewood Group? - Rachel Crain/CA
4/21/2005 3:11:16 AM (3163 views)

Mortgage Verification - Sue/PA
4/13/2005 12:03:36 PM (2221 views)
Re: Mortgage Verification - george Hubka/MI
4/13/2005 1:20:12 PM (3243 views)
Re: Mortgage Verification - Tammy Harkay/OH
4/28/2005 9:48:48 PM (3049 views)
Re: Mortgage Verification - Lisa Ramsey/TX
4/30/2005 12:13:50 AM (3098 views)


Real Title Services


SECURED TITLE - PAM DESMARAIS/NC
4/13/2005 9:47:00 AM (2612 views)
Re: SECURED TITLE - Lisa Ramsey/TX
4/13/2005 10:34:03 AM (2960 views)
Re: SECURED TITLE - george Hubka/MI
4/13/2005 1:25:00 PM (2904 views)
Re: SECURED TITLE - Lisa Ramsey/TX
4/13/2005 3:23:26 PM (2892 views)
Re: SECURED TITLE - Cathy Iffergan/TX
4/13/2005 10:16:54 PM (2826 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 5:37:14 AM (2899 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 12:06:30 PM (2855 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 12:31:54 PM (3013 views)
Re: SECURED TITLE - george Hubka/MI
4/14/2005 1:08:27 PM (2873 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 1:50:30 PM (2959 views)
Re: SECURED TITLE - Barbara Bennett/IN
4/14/2005 5:18:01 PM (2938 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:37:40 PM (2796 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 7:29:28 PM (2941 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 8:15:17 PM (2862 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 10:04:33 PM (2798 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/15/2005 6:54:15 AM (2964 views)

You really should have read my posting a little more carefully before attempting to pontificate and speak Ex Cathedra on the subject. You may also wish to consider a remedial reading course. You have misquoted me.

In your earlier post you limited your comments to the impact of an abstractor's late recording of a mortgage and your perception of additional expenses to the law firm arising therefrom. That is the posting to which I responded. If I recall you said nothing about failure to follow closing instructions and insuring title.

Connecicut is a race state also, and I fully understand the
 implications of an intervening lien being recorded with respect to the priority of the mortgage.

In your earlier post you indicated that a late recording may result in the redrafting of the mortgage and some imagined extra expense to the law firm for having to close the loan a second time. Let me try to get through to you again in terms that you may more readily understand... THERE IS NO SUCH EXPENSE NECESSITATED BY A SECOND CLOSING BECAUSE THERE IS NO NEED FOR A SECOND CLOSING. Can I make it any more clear?

The loan has been closed. The loan and mortgage are binding as the the Mortgagor and the Mortgagee. The recording of the mortgage perfects the security interest, and protects the lender's priority for a future foreclosure. It serves as notice to future third party lien holder's that the lender is prior in claim to their respective liens.

If you read my earlier posting, I said that an intervening lien is a problem, and that law firms in this area do not record the mortgage in that circumstance. IT DOES NOT REQUIRE A SECOND CLOSING. It creates a problem with the lender's priority of claim when the lender tries to perfect the security interest. If there are intervening liens the borrower has either misrepresented something on his loan application or has incurred an additional financial obligation (such as a mechanic's lien for work done on the property) while the mortgage application was pending. In this instance the lender will require the borrower to have the intervening liens released, and if they are not released accelerate the mortgage, demand payment and foreclose. The lender has two options. It can record the mortgage behind the intervening liens, pay the liens off to protect their position, foreclose, and seek the expenses as part of their foreclosure action. Mortgages routinely contain a clauses that allows them to do this. The other option that a lender can choose is not to record the mortgage and sue on the promissory note for money damages.

In so far as title insurance is concerned, the title insurance carriers protect themselves through an affidavit at closing indicating that the borrower has done nothing to encumber the title since the title search. Otherwise the intervening lien is an exclusion from coverage.

Now is there anything else on which you are confused?

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Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 8:18:35 PM (2845 views)
Re: SECURED TITLE - Robert Franco/OH
4/15/2005 8:50:55 PM (2765 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/16/2005 7:56:59 AM (2792 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/16/2005 7:50:31 AM (2908 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 8:09:52 AM (2802 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/15/2005 8:33:40 AM (2969 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:24:25 PM (2833 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 12:28:21 PM (2897 views)
Re: SECURED TITLE - John PAxton/NC
4/15/2005 3:41:51 PM (2811 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/15/2005 4:20:06 PM (2824 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 10:53:18 PM (2761 views)
Re: SECURED TITLE - Shannon Blatt/VA
4/14/2005 8:02:09 PM (2802 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 10:07:38 PM (2798 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:32:34 PM (2733 views)
Re: SECURED TITLE - David Bloys/TX
4/15/2005 7:55:29 AM (2783 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 8:15:12 AM (2873 views)
Re: SECURED TITLE - David Bloys/TX
4/15/2005 9:17:15 AM (2772 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 12:21:40 PM (2812 views)
Re: SECURED TITLE - george Hubka/MI
4/14/2005 1:24:55 PM (2807 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 2:38:47 PM (2644 views)
Re: SECURED TITLE - Douglas Gallant/OH
4/15/2005 6:09:55 PM (2656 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 8:24:35 PM (2667 views)
Re: SECURED TITLE - Douglas Gallant/OH
4/15/2005 11:05:41 PM (2702 views)
Re: SECURED TITLE...putting my 2 cents worth in - Loretta Reed/MD
4/16/2005 12:41:23 PM (2714 views)
Re: SECURED TITLE...putting my 2 cents worth in - Shannon Blatt/VA
4/16/2005 4:32:45 PM (2698 views)
Re: SECURED TITLE...putting my 2 cents worth in - Loretta Reed/MD
4/16/2005 4:57:08 PM (2641 views)
Re: SECURED TITLE...putting my 2 cents worth in - Lisa Ramsey/TX
4/16/2005 5:06:08 PM (2697 views)
Re: SECURED TITLE...putting my 2 cents worth in - Shannon Blatt/VA
4/17/2005 11:01:18 PM (2528 views)
Re: SECURED TITLE...putting my 2 cents worth in - Lisa Ramsey/TX
4/16/2005 5:03:59 PM (2669 views)

more unlocked articles - Kim Haase/MT
4/12/2005 11:41:55 PM (2194 views)
Re: more unlocked articles - Lisa Ramsey/TX
4/13/2005 10:29:27 AM (2811 views)
Re: more unlocked articles - Kim Haase/MT
4/13/2005 10:35:35 AM (2691 views)
Re: more unlocked articles - Robert Franco/OH
4/13/2005 11:15:21 AM (2791 views)
Re: more unlocked articles - Kim Haase/MT
4/13/2005 11:51:21 AM (2751 views)
Re: more unlocked articles - Robert Franco/OH
4/13/2005 1:17:02 PM (2681 views)

Help for someone who wants to become a title abstractor - John Flanders/GA
4/11/2005 11:52:58 PM (2270 views)
Re: Help for someone who wants to become a title abstractor - Loretta Reed/MD
4/12/2005 8:38:23 AM (3013 views)
Re: Help for someone who wants to become a title abstractor - george Hubka/MI
4/12/2005 1:55:36 PM (2952 views)
Re: Help for someone who wants to become a title abstractor - Kevin Ahern/CT
4/12/2005 4:54:15 PM (2976 views)
Re: Help for someone who wants to become a title abstractor - george Hubka/MI
4/12/2005 10:45:43 PM (3048 views)
Re: Help for someone who wants to become a title abstractor - Kim Haase/MT
4/12/2005 1:10:20 PM (2924 views)

Cancellation policy... - Loretta Reed/MD
4/11/2005 7:31:15 PM (2334 views)
Re: Cancellation policy... - george Hubka/MI
4/11/2005 7:36:16 PM (2991 views)
Re: Cancellation policy... - Jay Duncan/MO
4/11/2005 8:13:50 PM (2975 views)
Re: Cancellation policy... - J.T. Shoemaker/NY
4/11/2005 11:21:59 PM (2893 views)
Re: Cancellation policy... - Shannon Blatt/VA
4/12/2005 1:46:12 AM (2889 views)
Re: Cancellation policy... - Kevin Ahern/CT
4/12/2005 8:36:10 AM (2846 views)
Re: Cancellation policy... - Lisa Ramsey/TX
4/12/2005 7:29:01 PM (2929 views)
Re: Cancellation policy... - Kevin Ahern/CT
4/12/2005 8:04:15 PM (2863 views)
Re: Cancellation policy... - george Hubka/MI
4/12/2005 10:51:36 PM (2802 views)
Re: Cancellation policy... - Lisa Ramsey/TX
4/13/2005 10:39:02 AM (2874 views)
Re: Cancellation policy... - Bernie O'Hare/PA
4/12/2005 9:06:10 PM (2808 views)
Re: Cancellation policy... - Deborah Manion/VA
4/13/2005 8:53:08 AM (6418 views)
Re: Cancellation policy... - Lisa Ramsey/TX
4/13/2005 10:41:22 AM (2874 views)
Re: Cancellation policy... - george Hubka/MI
4/13/2005 1:33:02 PM (2737 views)

CNBC Special on Real Estate Boom - Robert Franco/OH
4/11/2005 5:04:14 PM (2268 views)
Re: CNBC Special on Real Estate Boom - Mark Russomanno/NJ
4/11/2005 5:25:03 PM (2743 views)
Re: CNBC Special on Real Estate Boom - Robert Breakell/CT
4/11/2005 6:05:14 PM (2879 views)
Re: CNBC Special on Real Estate Boom - Kevin Ahern/CT
4/12/2005 8:18:26 AM (2767 views)
Re: CNBC Special on Real Estate Boom - Robert Franco/OH
4/12/2005 10:40:01 AM (2750 views)
I asked this same question on another forum - Susie/OH
4/13/2005 9:19:51 PM (2719 views)

Realty Track - Cathy Iffergan/TX
4/10/2005 8:03:57 PM (1913 views)

Taking a Poll on Computerized Registries - Donna Grady/NC
4/9/2005 4:01:57 PM (2339 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/9/2005 6:03:25 PM (2649 views)
Re: Taking a Poll on Computerized Registries - george Hubka/MI
4/9/2005 7:55:10 PM (2640 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/9/2005 9:12:57 PM (2523 views)
Re: Taking a Poll on Computerized Registries - Anne Gilbert/VT
4/10/2005 9:44:08 AM (2607 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/10/2005 1:22:40 PM (2583 views)
Re: Taking a Poll on Computerized Registries - Lisa Ramsey/TX
4/11/2005 7:51:59 AM (2521 views)
Re: Taking a Poll on Computerized Registries - James Guill/VA
4/10/2005 5:16:05 PM (2582 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/10/2005 6:23:31 PM (2527 views)
Re: Taking a Poll on Computerized Registries - Shannon Blatt/VA
4/10/2005 6:31:25 PM (2567 views)
Re: Taking a Poll on Computerized Registries - James Guill/VA
4/10/2005 6:54:30 PM (2614 views)
Re: Taking a Poll on Computerized Registries - Shannon Blatt/VA
4/10/2005 11:39:16 PM (2519 views)
Re: Taking a Poll on Computerized Registries - george Hubka/MI
4/10/2005 9:46:47 PM (2576 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/10/2005 10:53:40 PM (2548 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/11/2005 4:30:01 PM (2607 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/11/2005 7:26:32 PM (4363 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/12/2005 5:30:04 PM (2508 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/12/2005 8:59:58 PM (4264 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/12/2005 9:44:36 PM (2606 views)
Re: Taking a Poll on Computerized Registries - Shannon Blatt/VA
4/13/2005 12:23:25 AM (2491 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/13/2005 1:59:55 PM (2503 views)
Re: Taking a Poll on Computerized Registries - Robert Franco/OH
4/13/2005 2:58:04 PM (2485 views)
Re: Taking a Poll on Computerized Registries - george Hubka/MI
4/13/2005 3:33:52 PM (2548 views)
Re: Taking a Poll on Computerized Registries - Robert Franco/OH
4/13/2005 3:43:32 PM (2553 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/13/2005 4:24:27 PM (2490 views)
Re: Taking a Poll on Computerized Registries - Lisa Ramsey/TX
4/13/2005 3:44:07 PM (2537 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/13/2005 4:39:34 PM (2551 views)
Re: Taking a Poll on Computerized Registries - Lisa Ramsey/TX
4/13/2005 5:16:30 PM (2504 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/13/2005 8:46:42 PM (2471 views)
Re: Taking a Poll on Computerized Registries - Ellen Malloy/MO
4/12/2005 8:49:10 AM (2404 views)
Re: Taking a Poll on Computerized Registries - Douglas Gallant/OH
4/13/2005 5:13:57 PM (2328 views)
Re: Taking a Poll on Computerized Registries - Donna Grady/NC
4/14/2005 10:17:49 AM (2445 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/14/2005 12:19:01 PM (4083 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/14/2005 2:25:14 PM (2272 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/14/2005 2:48:53 PM (2305 views)
Re: Taking a Poll on Computerized Registries - george Hubka/MI
4/14/2005 3:27:31 PM (2334 views)
Re: Taking a Poll on Computerized Registries - David Bloys/TX
4/14/2005 5:53:29 PM (2277 views)
Re: Taking a Poll on Computerized Registries - Jonathan Figliuolo/NY
4/14/2005 2:09:16 PM (2288 views)
Re: Taking a Poll on Computerized Registries - Lisa Ramsey/TX
4/14/2005 4:34:18 PM (2325 views)
Re: Taking a Poll on Computerized Registries - george Hubka/MI
4/15/2005 8:26:35 AM (2227 views)

A technological solution - David Bloys/TX
4/9/2005 11:58:45 AM (2251 views)
Re: A technological solution - David Bloys/TX
4/9/2005 12:37:15 PM (2790 views)
Re: A technological solution - george Hubka/MI
4/9/2005 7:59:46 PM (2688 views)
Re: A technological solution - David Bloys/TX
4/9/2005 8:34:20 PM (2775 views)
Re: A technological solution - george Hubka/MI
4/9/2005 8:47:40 PM (2764 views)
Re: A technological solution - David Bloys/TX
4/9/2005 9:00:08 PM (2731 views)
Re: A technological solution - Jonathan Figliuolo/NY
4/12/2005 9:51:07 PM (2670 views)
Re: A technological solution - David Bloys/TX
4/14/2005 9:55:10 AM (4324 views)
Re: A technological solution - Donna Grady/NC
4/14/2005 11:30:11 AM (2594 views)
Re: A technological solution - David Bloys/TX
4/14/2005 2:23:11 PM (2543 views)

Negative ratings to slow pay-no pay companies - christine hughes/MA
4/8/2005 7:07:42 PM (2481 views)
Re: Negative ratings to slow pay-no pay companies - Judy Nisonger/CA
4/8/2005 9:59:41 PM (2806 views)
Re: Negative ratings to slow pay-no pay companies - Michaela Urban/OH
4/8/2005 10:56:10 PM (2868 views)
Re: Negative ratings to slow pay-no pay companies - Barbara Bennett/IN
4/9/2005 9:24:48 AM (2775 views)
Re: Negative ratings to slow pay-no pay companies - Kevin Ahern/CT
4/9/2005 2:52:53 PM (2778 views)
Re: Negative ratings to slow pay-no pay companies - Anne Gilbert/VT
4/10/2005 9:58:03 AM (2779 views)
Re: Negative ratings to slow pay-no pay companies - george Hubka/MI
4/10/2005 9:54:15 PM (2768 views)
Re: Negative ratings to slow pay-no pay companies - Kevin Ahern/CT
4/11/2005 6:15:02 AM (2732 views)
Re: Negative ratings to slow pay-no pay companies - Lisa Ramsey/TX
4/11/2005 8:01:17 AM (2640 views)
Re: Negative ratings to slow pay-no pay companies - george Hubka/MI
4/11/2005 8:30:59 AM (2753 views)
Re: Negative ratings to slow pay-no pay companies - Kevin Ahern/CT
4/11/2005 9:33:49 AM (2613 views)
Re: Negative ratings to slow pay-no pay companies - Lisa Ramsey/TX
4/11/2005 3:10:35 PM (2687 views)
Re: Negative ratings to slow pay-no pay companies - Michaela Urban/OH
4/11/2005 4:29:26 PM (2707 views)
Re: Negative ratings to slow pay-no pay companies - george Hubka/MI
4/11/2005 6:25:11 PM (2592 views)
Re: Negative ratings to slow pay-no pay companies - Judy Nisonger/CA
4/11/2005 6:55:22 PM (2675 views)
Re: Negative ratings to slow pay-no pay companies - Kevin Ahern/CT
4/12/2005 8:01:25 AM (2710 views)

not paying? - tb/NJ
4/8/2005 6:53:33 PM (2285 views)
Re: not paying? - Aimee Raines Raines/VA
4/12/2005 7:25:38 PM (2612 views)


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